OPIC President and Chief Executive Officer Elizabeth Littlefield recently discussed development impact bonds with New York Times’ Tina Rosenberg. In the interview, Littlefield explained how development impact bonds are helping harness private capital for development and was quoted as saying,
“Ten years ago, the development finance institutions together [which invest in the private sector] were financing about $10 billion in investments in emerging markets,” said Littlefield. “Today it’s $40 billion. Tools to harness private capital for development are going to continue to grow exponentially.”
To read the entire New York Times article titled: “An Investment Strategy in the Human Interest,” click here.