The OPIC Blog

Archive for the 'OPIC in Action' Category

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on what we can do to combat climate change, we’re highlighting one of the several projects we’ve supported to help introduce renewable energy in developing countries around the world. Here, a worker in rural India prepares to install a portable solar Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

OPIC celebrates record-setting year in private sector-led development

                                    OPIC has announced $4.4 billion in new financing and insurance commitments in fiscal year 2015 to catalyze private sector-led development. The new projects that OPIC supported are expected to bring a total of $14 billion in development-focused investment to emerging economies. This Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

The business of food security: A look at OPIC’s work in agribusiness

Earlier this week we highlighted OPIC’s growing portfolio of agribusiness projects that are helping increase food production and supporting small farmers. Here, John Aldonas, Deputy Vice President, OPIC Small and Medium Enterprise Finance, describes some of OPIC’s strategies for reaching the smallest farmers who are so critical to advancing food security. OPIC has seen significant growth in its agribusiness portfolio Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

How OPIC supports food security in the developing world

Over the past 10 years, OPIC has grown its agribusiness portfolio ten-fold. This infographic highlights projects OPIC has supported from Haiti to Moldova to Sub-Saharan Africa and illustrates not only OPIC’s commitment to improving food security, but also the recognition that increasing food production is only part of the challenge of reducing hunger and malnutrition. OPIC speaks of agribusiness, rather Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Microfinance borrowers in India

On the occasion of Global Entrepreneurship Week, this photo shows some female microfinance borrowers in India, illustrating both the relatively small size of many microfinance loans and how these transactions are often conducted in cash. Millions of people around the world lack access to any sort of formal financial services and even small loans can bring a significant benefit in Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Manjula’s story: A look at one of the many entrepreneurs supported by OPIC investment

In honor of Global Entrepreneurship Week we’re featuring this video of Manjula, an Indian factory worker turned entrepreneur who transformed her life with a small loan provided through an OPIC partnership with Citi. Dissatisfied with her work in a garment factory, Manjula was able to start a small apparel business using a loan from the Indian microfinance institution Ujjivan, which Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email