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Featured photo: Supporting clean and dependable drinking water in Algeria

March 20, 2015

In a desert city surrounded by seawater, a water desalination plant is bringing clean drinking water to many of Algiers’ residents. The plant, which uses reverse osmosis technology, was built with the support of OPIC financing to Ionics Inc. of Watertown, Massachusetts. OPIC provided a $200 million loan to Ionics to help facilitate construction of the plant which is now
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Featured photo: Supporting microfinance lending to women in Africa

March 13, 2015

A BRAC microfinance recipient who has used loan money to support her restaurant business is joined by other women during a solidarity group meeting in Tanzania. OPIC financing has supported microfinance lending in East Africa through BRAC, a Bangladesh development organization. BRAC-Tanzania has opened more than 100 new microfinance branches serving an estimated 109,000 borrowers in Africa, 98 percent of
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In case you missed it: OPIC in Action – The story behind Sambazon

March 12, 2015

As one of the companies responsible for introducing the açaí berry – which is indigenous to Brazil – to the U.S. market, Sambazon sustainably processes and distributes açaí juice to the U.S. and beyond, providing income for 10,000 family farmers in Brazil. Development finance from OPIC was instrumental in the growth of the company, which has a crucial development impact
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A plan to empower more than 1 million women: OPIC featured in The Huffington Post

March 09, 2015

Many women in the developing world are sidelined from economic progress because of limited access to financial services like savings accounts, loans and insurance. The Huffington Post features a piece by OPIC President and CEO Elizabeth Littlefield and Bob Annibale, Citi’s Global Director of Community Development and Microfinance, on an OPIC-Citi partnership that addresses this challenge. Through a joint program
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Why global development is a women’s issue

March 06, 2015

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these
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Featured photo: Quinoa crop empowers women in Ecuador

March 06, 2015

In honor of International Women’s Day on Sunday, March 8, this photograph represents one of the many women that OPIC seeks to support through its financing. This woman works with the cooperative SumakLife to grow organic quinoa on her farm in Ecuador. SumakLife, which purchases quinoa from indigenous farmers – including many women – works to help them earn fair
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The Quiet Global Transformation of Global Development: OPIC featured in Huffington Post

February 27, 2015

The Huffington Post featured a piece by OPIC’s President and CEO Elizabeth Littlefield on the transformation of global development in recent years. In the piece Littlefield highlights how aid and investment in emerging markets has changed dramatically. Decades ago, private capital was a small fraction of aid dollars. Since then, that private capital investment has grown roughly 100-fold and the
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Featured Photo: Breaking ground on the largest private sector wind farm in Jamaica

February 27, 2015

A Jamaican and U.S. government delegation kicks off construction of a 36.3 megawatt wind farm in Jamaica’s Santa Cruz Mountains. The project, which is being supported by a $42.7 million loan from OPIC along with financing from the International Finance Corporation (IFC) and the IFC-Canada Climate Change Program, is being developed by BMR Jamaica Wind Limited. The wind farm will
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Featured photo: Logistics startup employs hundreds in Tanzania

February 20, 2015

A truck driver and operations manager are just two of the 248 full-time workers employed in by Alistair James Co., which built a logistics and trucking company with the support of OPIC financing. In a region where limited rail lines and shipping ports makes businesses and local aid operations heavily reliant on trucking, U.S. businessman Alistair James built the company
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Featured photo: California juice producer supports sustainability in the Amazon

February 13, 2015

Workers in Brazil offload baskets of açaí berries for processing at a local juicing facility established by Sambazon, a California company and OPIC client. Sambazon used an OPIC loan to build an açaí berry cultivation and processing warehouse in the country and today its business generates income for 10,000 family farmers in Brazil. Learn more about Sambazon and the company’s
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