The OPIC Blog

Archive for July, 2014

Africa at a glance

Ahead of the historic summit of African leaders that will take place in Washington from August 4-6, take a look at some key facts about Africa that illustrate the challenges and opportunities the continent faces today, and the ways OPIC is helping Africa prepare for the future.   People: The median age in Africa today is 19 and the population Read more…

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Featured photo: A growing wool industry in Afghanistan

A livestock herder tends his flock in the foothills of the Hindu Kush mountains in Afghanistan. With the help of OPIC financing, Maryland-based American Wool & Cashmere has developed a regional infrastructure of centralized suppliers in western Afghanistan’s Herat Province who buy raw, unprocessed wool directly from herders like this. This infrastructure and new liquidity into this market for producers Read more…

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Measuring – and managing – impact investments

By Elizabeth Littlefield OPIC President and CEO A version of this blog appeared recently in Institutional Investor You can’t manage what you don’t measure. It’s such a fundamental rule of business that it hardly bears repeating in the day-to-day work of running a small firm, a major corporation or an investment fund. But there are times when a business moves Read more…

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“The Lab:” A multinational innovation for a global challenge

  OPIC President and CEO Elizabeth Littlefield traveled to London in June to join the launch of the Global Innovation Lab for Climate Finance, a group of public and private sector leaders from around the world brought together by the Climate Policy Initiative (CPI). “The Lab” is a public-private initiative that seeks to leverage the tools of private investment to Read more…

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Featured photo: OPIC financing supports small businesses in Jordan

An employee of a small, family-owned chocolate manufacturer in Amman, Jordan prepares chocolates for packaging and sale throughout the country. The business is one of multiple small businesses that have received start-up loans from a Jordanian bank guaranteed through OPIC’s loan guaranty facility program, which is designed to promote lending to the small local businesses that are a critical part of Read more…

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Promoting successful community engagement in Africa

By Keith Kozloff, Director, OPIC Office of Accountability OPIC’s Office of Accountability is an independent office within OPIC that was established to address concerns or conflicts about environmental or social issues that may arise around OPIC-supported projects. While we’re committed to conflict resolution, our preference is always to avoid conflict in the first place. I heard this same sentiment in May Read more…

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Power Africa one year later: Our work is just beginning

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s been one year since President Obama announced the ambitious Power Africa initiative to double access to power in Sub-Saharan Africa, where the majority of people live without lights, refrigeration and most of the other fixtures of modern life. Bringing about change on such a vast continent where Read more…

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Featured photo: Collaborating to support American businesses

OPIC President and CEO Elizabeth Littlefield and U.S. Small Business Administrator Maria Contreras-Sweet met July 2 to discuss ways the two agencies can work together to support U.S. small businesses. OPIC works closely with SBA’s Office of International Trade to educate small businesses about the OPIC finance and insurance tools that can help them expand into emerging markets. SBA also Read more…

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Video: Spotlight on OPIC’s Impact

Eight OPIC projects that are making a difference around the world.

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Impressive solar energy focus helps OPIC bolster U.S.-Chile relations

When Chile’s President Michelle Bachelet met with President Obama at the White House June 30, one of the topics the two leaders discussed was energy cooperation between the United States and Chile. “We’re both very interested in energy, and how we can transition to a clean-energy economy,” said President Obama. “We’ll be announcing some collaborations including the facilitation of construction Read more…

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