The OPIC Blog

Archive for the 'OPIC in Action' Category

Infographic: Highlights from 2015

OPIC committed $4.4 billion in development in emerging markets in 2015, and the Agency’s portfolio of active projects now totals almost $20 billion. This infographic shows some of the highlights from the year, including our investments to support development in low-income countries, our support for critical infrastructure and energy projects, and our work with small and medium U.S. businesses.

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Featured photo: Raising healthy cattle in Zambia

A herd of cattle at a small farm in southern Zambia where OPIC partner Silverlands Fund has worked to improve livestock health. Silverlands invests in a variety of agricultural businesses in Sub-Saharan Africa, including multiple cattle farms, where it has invested in vaccinations and more nutritious feedstock to help dramatically reduce disease. Silverlands has taken this same approach to improve Read more…

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How OPIC-supported projects improve lives by creating jobs

At a time when about half the world’s population lives on the equivalent of $2 a day, creating more jobs and opportunity is essential to advancing development and improving the lives of the world’s poorest people. When 193 United Nations members gathered in Addis Ababa last summer for the Financing for Development conference, they included “full and productive employment and Read more…

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Featured Photo: Supporting entrepreneurs in India

A woman named Manjula, who owns a small dressmaking business in Bangalore, sends fabric to her shop. Manjula is one of the many entrepreneurs and small businesses that OPIC has supported through financing to the Indian microfinance institution Ujjivan alongside fellow lender Citi. Ujjivan offers a range of loans, from individual loans as small as $30, to group loans to Read more…

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Six days in Georgia: A conversation with Kenneth Angell

Part three in a series on OPIC’s work supporting development in Georgia. See the first posts here and here. Last year, OPIC Vice President Judith Pryor visited Georgia and wrote about the dramatic impact OPIC’s support has had on this small country that sits on the southern border of Russia, less than 200 miles from Iran. Here OPIC Managing Director Read more…

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A “blueprint” for supporting small farmers: The Boston Globe features OPIC partner Root Capital

“In most countries, economic prosperity comes from small businesses, yet in the developing world, many businesses fail to thrive, or fail period, because they are systematically locked out of the banking sector,” Willy Foote founder and CEO of OPIC partner Root Capital, explains in this Boston Globe profile. “We’re trying to create a blueprint for how you lend in these Read more…

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Partner Spotlight: How OPIC helped one Oklahoma business revive an aging Colombian oil field

  It’s said that if you build it they will come, but when trying to introduce a promising technology into an emerging market, it’s not always that easy. Sadanand Joshi (pictured), President of Joshi Technologies of Tulsa, Oklahoma, learned this when he sought to apply an advanced oil production technology he developed to an aging oil field in Colombia. “As a Read more…

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Partnering with business as a force for good in the world: A conversation with Elizabeth L. Littlefield

The year 2015 has been a banner year for OPIC with the Agency’s total portfolio reaching a record-high of almost $20 billion, new finance and insurance commitments totaling $4.4 billion and 43 percent of that total going to low-income countries. At the same time, OPIC has placed a strong focus on internal operations, taking steps to improve efficiency, expand staff Read more…

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Featured photo: Expanding access to higher education in Tajikistan

Construction of the University of Central Asia campus in Khorog, Tajikistan progresses as the school prepares to open its doors in September 2017. With support from a $30 million loan from OPIC, the university will offer an extensive curriculum in earth and environmental sciences and economics, computer sciences, communications, engineering, as well as business and management. In addition to addressing Read more…

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OPIC marks a key anniversary as a self-sustaining government agency

Thirty-one years ago this month, OPIC presented President Ronald Reagan with a check for $50 million, making good on its promise to pay back every cent of the funds that Congress had allocated to start the agency in 1971. Reagan accepted the check and emphasized that OPIC’s success shows how “the private sector is the best engine for economic growth Read more…

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