How OPIC extends its impact through partnerships
OPIC has a long tradition of partnering with private sector businesses to catalyze investment in challenging markets around the world. But the agency’s work extends beyond public-private partnerships. In its recently published 2013 annual report, OPIC outlines several of the successful partnerships it has forged with other U.S. Government agencies to address major development challenges such as:
—Clean Energy. Access to energy remains limited in much of the developing world, including Africa, where about 550 million people have no electricity. OPIC is partnering with the U.S. Department of State and the U.S. Trade and Development Agency on the U.S.-Africa Clean Energy Finance Initiative aimed at driving more private sector investment to clean energy projects in Africa.
—Food Security. Despite the significant progress made in recent decades, world hunger remains a major problem with malnourishment afflicting about one in eight people on the planet – roughly the combined population of the United States and the European Union. OPIC supports the Obama Administration’s Feed the Future global hunger and food security initiative by supporting multiple projects in the clean water and sustainable agriculture sectors.
—Water. Clean water supports global health and food security. OPIC is a part of the U.S. Water Partnership, an initiative of the U.S. State Department to facilitate increased access to water in developing markets, partly by supporting investment in international water projects.
—Housing and Disaster Relief. As part of its work supporting investment in challenging markets around the world, OPIC is quick to respond to unforeseen events, such as natural disasters, that increase the need for private investment. In the wake of the 2010 earthquake in Haiti, OPIC has supported multiple projects to help rebuild damaged homes and other infrastructure. In one of these projects, OPIC is working with USAID as well as the Clinton Bush Haiti Fund to support a program to help low-income borrowers access home improvement loans and affordable mortgages.