The OPIC Blog

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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“The most predictable economic transformation in modern times:” OPIC COO John Morton featured in Quartz

Renewable energy investment in developing countries jumped 36 percent between 2013 and 2014 and now exceeds the level of renewable energy invested in developing economies, OPIC Chief Operating Officer John Morton, wrote in this piece in Quartz that examines the large investment in energy infrastructure that will be needed worldwide to keep up with a growing population. “Leading nations, with comparatively Read more…

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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…

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Microfinance in the digital age

By Anthony Randazzo OPIC Director, Small and Medium Enterprise Finance   According to the World Bank, two billion people in the world today lack access to financial services. Disruptive technology is helping to change that.   While information technology has always been critical to the work of microfinance institutions, technology is profoundly changing the way financial services are being delivered Read more…

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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…

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