The OPIC Blog

Archive for the 'Financial products' Category

OPIC award-winning project highlights value of financial intermediaries in boosting small business lending

A milestone 2013 OPIC project to support lending to small businesses in Brazil was recognized earlier this month as Trade Finance Americas Deal of the Year by the international magazine, Trade Finance. OPIC committed a $400 million loan – alongside $80 million from Wells Fargo – in the project, which supports lending to underserved businesses, mostly in the lower-income parts of the country that Read more…

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Featured photo: Supporting clean and dependable drinking water in Algeria

In a desert city surrounded by seawater, a water desalination plant is bringing clean drinking water to many of Algiers’ residents. The plant, which uses reverse osmosis technology, was built with the support of OPIC financing to Ionics Inc. of Watertown, Massachusetts. OPIC provided a $200 million loan to Ionics to help facilitate construction of the plant which is now Read more…

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Featured photo: Securing water in a water scarce region

A worker welds a pipeline helping transport water from southern Jordan to Amman. OPIC provided financing and political risk insurance to support the construction of the 202-mile water pipeline, built by Disi Water, in Jordan – one of the most water-scarce countries in the world. Completed in 2014, Disi Water is providing dependable water to the people of Amman and Read more…

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Obama highlights OPIC’s role supporting development in India

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are Read more…

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U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about Read more…

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Featured photo: Modern machinery for smallholder farmers in Senegal

Smallholder farmers harvest grain more efficiently with modern equipment provided by Aventura Investment Partners, an OPIC client that provides both equipment and training on best practices to help these farmers significantly improve yields. While much of Africa’s food is grown by small-scale farmers with plots of less than four acres, these farmers often lack basic equipment, like tractors, which significantly Read more…

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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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The little document that makes a big difference in project finance: Why a Bankable PPA helps private investment in African power

One of the ways OPIC supports President Obama’s Power Africa initiative – in addition to providing loans and insurance to help build new power plants – is by sharing its extensive experience doing business in emerging markets. The Agency has supported multiple large-scale power projects in Africa and understands the hurdles to successful development. One document OPIC helped develop to Read more…

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Unlocking private climate investment: Two lessons from OPIC and Ex-Im Bank

By Giulia Christianson, Sustainable Finance, World Resources Institute Overcoming the climate change challenge won’t come cheap. A World Economic Forum report released last year, for example, estimates that the world will need to invest at least $5.7 trillion annually in green infrastructure by 2020 in order to limit the worst impacts of climate change. In addition to the significant amounts of finance Read more…

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Spotlight on OPIC Impact Award winners: Inter-Mac International

  When OPIC leadership set out to identify outstanding clients for its inaugural Impact Awards held earlier this month, one award category, Access to Finance, generated a three way tie. This abundance of excellent work underscores how access to finance is a critical part of sustainable development, as well as how great the need is. Millions of people in the Read more…

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