May 17, 2013
Los Castanos de Choloma affordable housing project in Choloma, Honduras, was designed with a central park area that provides shelter from surrounding violence and encourages residents to maintain and take pride in their property. Inter-Mac International Inc. is using OPIC financing to build a community of 2,400 single-family homes that are affordable to working families earning minimum wage. Inter-Mac is Read more…
May 16, 2013
Countries like Afghanistan, Iraq, South Sudan and Haiti “have a long way to go before earning the optimistic label ‘emerging markets,’” note the authors of a recent Inc. magazine series, Entrepreneurship on the Frontier. Nonetheless, they say that these countries have become entrepreneurial hubs. The series, which explores entrepreneurial activity in some of these highly challenging and highly promising markets, Read more…
May 10, 2013
Sherry Ayittey, Ghana’s Minister of Health, seated, tours one of eight new mobile medical clinics that were introduced this month as part of the National Medical Equipment Modernization Project. OPIC is supporting the project by providing political risk insurance to Belstar Development, LLC, the lead investor in the project. These mobile clinics will travel to currently underserved areas of the Read more…
May 01, 2013 May 1 is International Workers’ Day, which recognizes working people everywhere and their collective efforts to campaign for better working conditions. OPIC’s work supporting development in emerging markets often helps create jobs in the host countries and OPIC works closely to ensure that workers’ rights are respected. The Agency’s Office of Investment Policy (OIP), monitors active projects to ensure compliance with Read more…
April 30, 2013
OPIC is teaming up with the U.S. Trade and Development Agency (USTDA), the Small Business Administration, the Export-Import Bank, and other export, trade, and finance related agencies across the federal government this May, during World Trade Month, on a series of Twitter chats for U.S. companies. The Twitter chat series will provide U.S. companies with information and resources on doing Read more…
April 25, 2013
“You can’t build a country without concrete.” The statement has particular relevance in Haiti, where, more than three years since a 7.0 magnitude earthquake resulted in extensive death and destruction, the country is still working to repair and rebuild and assume a path of sustained economic vitality. Luis Garcia (pictured), spoke about the importance of basic building materials like concrete Read more…
April 24, 2013
In late 2011, OPIC issued its first Global Engagement Call for proposals from qualified emerging markets private equity fund managers. Similar to earlier requests, the Global Engagement Call again focused on driving private, patient, long-term growth capital to OPIC-eligible emerging markets via investment funds. But it was unique from earlier calls for proposals in that the range of investment strategies Read more…
April 22, 2013
By Mitchell L. Strauss, Special Advisor, Socially Responsible Finance Throughout our 40+ year history as the U.S. government’s development finance institution, OPIC has been transforming private capital into solutions for social and environmental challenges around the world, while also generating a financial return, allowing us to make our own contributions to the impact investing sector. But in the last five Read more…
April 19, 2013
In honor of Earth Day later this month, we are sharing this photo from the U.S. Millennium Challenge Corporation (MCC) of an abundant evening market in Msimba, Tanzania, powered by solar lights, which enables members of the community to shop and sell their goods after the workday is over. The Millennium Challenge Corporation is investing in improving the reliability of Read more…
April 17, 2013
With recent independence in 2011, South Sudan is working to build its economy and facilitate private investment. The new country offers enormous potential with fertile farmland, oil, and natural resources. It also faces challenges to sustainable economic development and facilitating investments common in frontier markets. Looking at ways to help boost the country’s private sector development, OPIC Executive Vice President Read more…
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