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The OPIC Blog
Featured photo: Housing construction in HaitiMarch 01, 2013The Cabaret Housing Settlement in Haiti, where about 156 houses will be built, is helping to address a critical need for housing in Haiti, where more than 360,000 people continue to live in tents and other temporary housing in the wake of the 2010 earthquake. OPIC is supporting this need for housing by providing financing to Development Innovations Group (DIG) OPIC’s President and CEO heads to Haiti to support micro lending for sustainable reconstructionFebruary 25, 2013This week, OPIC’s President and CEO Elizabeth Littlefield will lead a delegation of OPIC representatives on a visit to Haiti to launch an important mortgage finance project developed in partnership with the U.S. Agency for International Development (USAID) and the Clinton Bush Haiti Fund. Development Innovations Group (DIG), a U.S.-based housing finance and urban development firm, will manage the project. PBS Newshour features OPIC client Husk PowerFebruary 22, 2013Rice is a staple of the diet in India but until recently the rice husks that were left behind in the milling process served no purpose – aside from generating a lot of waste. OPIC’s $750,000 loan in 2009 to the startup Husk Power Systems Inc. helped that business introduce a technology that converted this biomass waste into electricity and 
OPIC monitoring trip to Kenya: Big plans becoming realityFebruary 19, 2013By: Tim Harwood An interdepartmental OPIC team traveled to Kenya in 2012 to monitor the performance of three financial institutions whose microfinance lending is supported by the agency: Musoni, the Kenya Women’s Finance Trust DTM Ltd (KWFT), and Equity Bank. Over the course of three days, members of OPIC’s Office of Investment Policy, Portfolio Management Department, Small and Medium-sized Enterprise 
Featured photo: Support for Rwandan coffee growersFebruary 15, 2013Shyara washing station owned by OPIC client Westrock Coffee Holdings’ Rwanda Trading Co. (“RTC”). OPIC political risk insurance is supporting RTC’s coffee processing operations in Rwanda, which provides agricultural extension loans, seed, fertilizer, compost and technical assistance to help small local coffee producers across the country improve production processes and access international markets. RTC is also providing technical assistance to help OPIC and GE partner to bring clean cookstoves to East AfricaFebruary 05, 2013Last Thursday, outgoing Secretary of State Hillary Clinton announced a new OPIC partnership with GE to finance a clean cookstoves project in East Africa – one of a select series of public-private partnerships producing sustainable solutions to key global challenges that she chose to highlight during her final week in office. Developmentally, the project addresses one of the world’s most Meeting the global unemployment challengeJanuary 31, 2013A report earlier this month from the International Finance Corporation (IFC) offered some staggering measures of worldwide unemployment. IFC said there are currently 200 million people unemployed around the world – a number roughly equivalent to the population of Brazil — and that the developing world will need to create some 600 million new jobs by the year 2020, just 
Featured photo: OPIC President Elizabeth Littlefield speaks at the World Economic ForumJanuary 25, 2013This image from a screen recapping events at the World Economic Forum in Davos, Switzerland captures a quote from OPIC President and CEO Elizabeth Littlefield. She is speaking on a panel about Scaling Social Innovation, and is participating in multiple events at the Forum exploring ways to address transformative social and environmental change. OPIC returns to Davos for the World Economic Forum’s annual meetingJanuary 22, 2013OPIC President and CEO Elizabeth Littlefield joins a large group of business and political leaders from around the world gathering in Davos, Switzerland this week for the annual meeting of the World Economic Forum (WEF). For more than 40 years, the event has focused high-level discussions around some of the biggest challenges facing the planet, and sought to identify solutions 
Small loan, big impactJanuary 22, 2013In 2012, OPIC committed a $3.5 million loan to Healthpoint Services Global India Ltd., an affiliate of the U.S. company Healthpoint Global Services Inc., to support the construction of small water treatment facilities to some 400 communities in India’s Punjab state that have limited access to safe drinking water. The project, which is expected to prevent waterborne diseases and other |
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