September 09, 2013
On September 5, in Paris, France, Overseas Private Investment Corporation President and CEO Elizabeth L. Littlefield and Executive President and Co-Founder of Amethis Finance Luc Rigouzzo signed a $150 million credit line dedicated to investments in priority sectors that are critical to Africa’s economic growth. Littlefield indicated that all of these sectors, including agribusiness, infrastructure, energy and financial services, offer
September 06, 2013
In honor of International Literacy Day on September 8, this week we feature a photo of a student at the International Community School in Kumasi, Ghana. An OPIC loan has helped fund the expansion of this K-12 school, which offers a rigorous curriculum that prepares students for college and careers. Read more about this story.
August 23, 2013
As much of Africa enjoys a period of unprecedented economic growth, it also faces the challenge of how to sustain and extend this progress. In a recent piece for AllAfrica.com, OPIC Executive Vice President Mimi Alemayehou notes that augmenting and maintaining the infrastructure needed to support this growth will cost hundreds of billions of dollars a year for the foreseeable
August 02, 2013
OPIC President and CEO Elizabeth Littlefield (far left) tours the Aga Khan Hospital and Medical College in Karachi during her July visit to Pakistan. An OPIC loan is supporting the renovation and expansion of the facility that will include the introduction of advanced equipment, a center for medical innovation and a program to subsidize healthcare for poorer patients throughout Pakistan.
July 29, 2013
What do the world’s poor people need? Money is one simple answer, but money alone is often not enough to support long-term solutions to put individuals and communities on the path to prosperity. Seattle-based Global Partnerships is one OPIC client that has successfully combined microfinance lending with additional non-financial services such as education, training and healthcare to poor communities in Latin
July 12, 2013
The Guatemala City flagship store of Cemaco, a family-owned business that operates 20 retail stores throughout Guatemala selling hardware, home goods ,toys and baby gear. OPIC, through a loan guaranty to World Business Capital, supported a $9,750,000 loan to help the business expand. The Cemaco retail chain currently has about 1,500 local employees and is committed to sustainable business practices
July 09, 2013
This is the second blog post in an occasional series By Mitchell L. Strauss, Special Advisor, Socially Responsible Finance In my earlier blog post I explored OPIC’s contributions to the evolving impact investing sector, mostly by providing financing and insurance products to help American companies working in emerging markets. In addition to these core products, OPIC continues to innovate and
July 02, 2013
OPIC, which has a long history of supporting projects in Sub-Saharan Africa, will now play a key role in a new U.S. initiative to double access to electricity in Sub-Saharan Africa. The region has in recent years seen strong economic growth and an expanding consumer class, but limited power remains a major problem, with more than two-thirds of the population
July 01, 2013
Access to electricity is a fundamental component of growth and development for any country or region. Africa, home to seven of the ten fastest growing economies in the world, has enormous power potential, but many of its residents still have little or no access to electricity. On June 30th, President Obama announced Power Africa, an initiative that will double access
June 28, 2013
The mountaintop Mtatsminda restaurant and business complex in Tbilisi, Georgia was renovated with the support of a $10 million OPIC loan and will reopen on Saturday, June 29. This clip from a local news program highlights visits this week from U.S. Ambassador to Georgia, Richard Norland, and Kenneth Angel, Managing Director, Project Finance at OPIC.