“OPIC can transform the way we think about the business community and its relationship with international development.”
OPIC President and CEO Elizabeth Littlefield is featured this month in Forbes, where she discusses OPIC’s work supporting U.S. businesses investing in emerging markets, the agency’s increased focus on renewable resources and its quick response to the Arab Spring earlier this year.
In the interview Littlefield notes that, because 95 percent of the world’s customers live outside of the United States, “U.S. companies need to be present in emerging markets to compete, grow and create jobs.”
She also outlines the value that the private sector can bring to developing and post-conflict regions.
“OPIC can transform the way we think about the business community and its relationship with international development (unfortunately known as ‘foreign aid’),” Littlefield notes. “Frankly, scarce aid dollars should never be spent on things the private sector can do.”