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Beyond BRIC: The next economic giants

January 15, 2014

  It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing
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Littlefield in AllAfrica: Africa can be transformed with public-private investment

December 03, 2013

How can Africa fully compete when countless factories and computers go dark during rolling blackouts? How can it compete in an era of non-stop, round-the-clock communication when millions go home to candles or lanterns? Although Africa has made great strides in industries like transportation, manufacturing and telecommunications, some 600 million Africans still lack access to basic electricity. In a guest
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Measuring and monitoring impact: Five ways development impacts lives (Part Three in a series)

November 06, 2013

This post is the third in a series on OPIC’s work measuring and monitoring the developmental impact of the projects it supports. To view the previous posts click here and here. Some benefits of an investment in a developing country are obvious. A new power plant, for example, provides a reliable source of electricity to people who may have been
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OPIC, other international finance institutions to work toward harmonizing the way they track development results

November 01, 2013

Development Finance Institutions (DFIs) such as OPIC strive to measure the local impact of their investments, but have different methods for doing so.  And, when they work jointly with the same clients, they sometimes request the same information in different ways, creating a reporting burden on clients. Last month, twenty-five DFIs including OPIC signed a memorandum in which they agreed
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Measuring and monitoring impact: OPIC’s Office of Investment Policy (Part Two in a series)

September 12, 2013

Earlier this year, The OPIC Blog featured Margaret Kuhlow, Vice President, Office of Investment Policy, which works to ensure that OPIC-supported projects deliver real and measurable benefits in their host countries. This post, the second in a series that looks at the Office of Investment Policy, offers an overview of the department’s work in supporting OPIC’s development mission. OPIC’s core
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Collaboration among development institutions can catalyze more green investments in the developing world

September 10, 2013

By Brian O’Hanlon, Director of Business Development, Political and Sovereign Risk Last week, I joined OPIC President and CEO, Elizabeth Littlefield and OPIC Chief of Staff John Morton for an unprecedented event in the world of development finance. CEOs and representatives from 15 development finance institutions (DFIs) met in Frankfurt, Germany to discuss how to scale up climate finance in
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Alemayehou: Public private partnerships can transform Africa

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
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OPIC’s Office of Accountability invites public comments on how it provides services

August 21, 2013

OPIC established its Office of Accountability (OA) in 2005 to provide an independent mechanism to address complaints or concerns that can arise around the environmental or social dimensions of OPIC-supported projects.  The office helps ensure that project workers and local communities have a voice in the projects that OPIC supports. To that end, it provides two primary services upon request:
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World Humanitarian Day: The world needs more impact investing

August 19, 2013

In 2003, the United Nations created World Humanitarian Day to recognize those who face danger and adversity in order to help others. This year, the United Nations has created a new campaign called “The World Needs More” to literally turn words into aid. By sharing words like #development, #aid and #education on Twitter, users can join in providing much needed
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Featured photo: Bringing modern, affordable healthcare to Pakistan

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.
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