June 25, 2013
By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility In this guest post, an OPIC partner outlines a system for determining creditworthiness of potential borrowers that lack collateral and a track record of working with banks. Small and medium enterprises (SMEs) are the key to innovation and an engine of economic growth and job creation in the Middle East
June 21, 2013
Microfinance group members in Tlayacapan, Mexico meet to collect installments on a loan from Finca International, a U.S. microfinance institution with a global footprint in 21 countries. This all-women group of entrepreneurs who sell food, clothing and crafts in local markets has been a client of Finca Mexico for 10 years.
June 20, 2013
This week is National Small Business Week, an event organized by the U.S. Small Business Administration (SBA) to recognize American entrepreneurs and small business owners. OPIC understands that American small businesses are the heart of the country’s economy and also can play a significant role in the global economy. Last year, 73 percent of the deals OPIC approved were with
June 19, 2013
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
June 18, 2013
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.
June 07, 2013
OPIC President and Chief Executive Officer Elizabeth Littlefield attended the UK’s G8 Social Impact Investing Forum in London this week. On The White House Blog, Littlefield, along with Karen G. Mills, Administrator of the U.S. Small Business Administration (SBA), and Rajiv Shah, Administrator of the U.S. Agency for International Development (USAID), discuss the National Impact Initiative (NII) launched at the
June 07, 2013
In Kenya, the U.S. Government’s Feed the Future initiative is working to improve food security and childhood nutrition by helping farmers introduce nutrient-rich crops to their farms and teaching families new recipes full of vitamins and minerals needed to ensure healthy growth. Read more here.
June 06, 2013
This week, OPIC President and CEO Elizabeth Littlefield traveled to London to participate in two events that focused on impact investing, which has long been a focus at OPIC and is increasingly attracting attention from investors and entrepreneurs. The Development Impact Bond Working Group, formed by the Center of Global Development (CGD) and Social Finance, convened on June 5 to
June 05, 2013
OPIC’s Small and Medium-Enterprise (SME) Financing is available for businesses with annual revenues of less than $400 million. In this interview, James Polan, Vice President, Small and Medium Enterprise Finance, explains the work that he and his colleagues do to provide counsel and financial products to these types of businesses looking to do business in emerging markets. Why does OPIC focus so
May 29, 2013
At a recent Senate hearing on International Development, OPIC was repeatedly cited for playing a leading role supporting development in ways that also support the American economy and national security. “No priority facing our nation is more important than putting Americans back to work,” John Murphy, Vice President for International Affairs at the U.S. Chamber of Commerce said at the