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The OPIC Blog


Spotlight on OPIC Impact Award winners: ContourGlobal

April 02, 2014

Over the course of four decades addressing major world development challenges, OPIC has focused on different sectors, but infrastructure has been a constant. Power plants, airports and clean water facilities literally lay the foundation for future improved living standards, business activity, and overall economic growth and stability. At its March 11 Impact Awards, OPIC awarded the Critical Infrastructure Award to
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Spotlight on OPIC Impact Award winners: Inter-Mac International

April 01, 2014

  When OPIC leadership set out to identify outstanding clients for its inaugural Impact Awards held earlier this month, one award category, Access to Finance, generated a three way tie. This abundance of excellent work underscores how access to finance is a critical part of sustainable development, as well as how great the need is. Millions of people in the
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OPIC supported San Andres Solar Plant named Project Finance International’s Latin American Solar Deal of the Year

March 31, 2014

Last year, OPIC provided financing to SunEdison to construct one of the largest solar power facilities in the world, a photovoltaic plant in San Andres, Chile. As a mark of its innovation and scope, the project recently received an award from Project Finance International, which named SunEdison’s San Andres facility the Latin American Solar Deal of the Year for 2013.
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Featured photo: OPIC’s Alemayehou testifies at Senate Hearing on Power Africa’s progress

March 28, 2014

Judith Pryor, Vice President of OPIC’s Office of External Affairs, left, and Mimi Alemayehou, OPIC’s Executive Vice President, share a laugh before Alemayehou’s March 27 testimony on the progress of President Obama’s Power Africa initiative. Alemayehou testified before the U.S. Senate Foreign Relations Committee, and outlined how private-sector investment could help achieve the President’s goal of doubling the number of
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“My unique connection to Power Africa:” OPIC’s Alemayehou featured in USAID newsletter

March 27, 2014

In the summer of 2013, President Obama announced the Power Africa initiative, designed to help African countries responsibly develop extensive energy resources with the aid of private sector investors. OPIC committed up to $1.5 billion in financing to support this endeavor, in keeping with the agency’s longstanding history of supporting projects in Sub-Saharan Africa. OPIC Executive Vice President Mimi Alemayehou,
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Spotlight on OPIC Impact Award winners: Helios Investment Partners

March 26, 2014

In addition to the direct financing OPIC provides to many projects in emerging markets, the Agency also supports development by providing financing to privately-owned and managed equity funds investing in emerging markets. These funds serve multiple roles from providing capital to up-and-coming companies and guiding strategic decisions in rapidly changing markets to advising on best practices in management and information
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Spotlight on OPIC Impact Award winners: International Rescue Committee

March 25, 2014

While OPIC frequently works with private sector businesses that use OPIC financing or political risk insurance to support their operations in emerging economies, the Agency also supports the work of nonprofit organizations and NGOs. On March 11, OPIC honored one of its NGO clients, the International Rescue Committee (IRC) with its Impact Award in the Development Impact category. IRC uses
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OPIC seeks to support American investors in Malawi

March 24, 2014

By Elizabeth Littlefield President and CEO, Overseas Private Investment Corporation President Obama asked me a year ago to travel to Malawi to explore opportunities to support private sector investment in this country that is brimming with resources and promise but has not yet captured the level of investor interest that some neighboring countries … from Rwanda to Tanzania … are now enjoying. Having recently
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Featured photo: Ellicott Dredges, winner of OPIC’s Impact Award for American Small Business

March 21, 2014

Dredging equipment made in the U.S. by OPIC client Ellicott Dredges LLC is shipped overseas. Ellicott sells its equipment in countries around the world, including Iraq, where it is used to help improve flood control and restore hydroelectric dams. The company, which uses OPIC political risk insurance to support these equipment sales, last week was awarded OPIC’s Impact Award in
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OPIC board approves six deals in sectors from renewable resources to small business lending

March 20, 2014

OPIC’s Board of Directors approved commitments of OPIC support to the following projects at its March 20 meeting: Risk-sharing agreements to support Citi lending in developing countries. Two risk-sharing agreements designed to provide OPIC guarantee of loans made by Citibank to borrowers in OPIC-eligible countries around the world for both commercial lending and microfinance loans. OPIC’s guarantee limit through the
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