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Obama highlights OPIC’s role supporting development in India

January 27, 2015

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are
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Biden recognizes OPIC leadership in Caribbean clean energy efforts

January 27, 2015

Vice President Joe Biden highlighted OPIC’s work helping to introduce renewable energy to the Caribbean, when he spoke this week at an international energy summit. Biden highlighted OPIC’s support for a project to build the largest private-sector wind farm in Jamaica. Jamaica, like many other Caribbean islands, depends heavily on imported fuel to meet its energy needs. The new 34-megawatt
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Democracy and progress in India

January 26, 2015

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing
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Featured photo: Bringing power to rural India

January 23, 2015

This photograph depicts a few of the more than 400 million people in India who live in remote villages with limited access to electricity. OPIC financing is helping Simpa Networks introduce home solar kits that are affordable and easy to use. January 26 is Republic Day in India, marking 68 years since India’s constitution came into effect, paving the way for
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U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

January 13, 2015

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about
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Featured photo: Local communities in Cambodia supporting conservation

January 09, 2015

Community Forestry Administrators in Oddar Meanchey, Cambodia highlight regions where they oversee conservation efforts with support from Cambodia’s Forestry Administration and Terra Global, a U.S. land-use carbon development and investment company. With support from $900,000 in OPIC political risk insurance, Terra Global Capital’s investments are helping communities generate verified emission reductions whose proceeds are used to help protect 64,318 hectares
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‘Don’t let Ebola obscure Africa’s larger promise’: OPIC’s CEO on the future of Africa

January 06, 2015

The development news outlet Devex published an op-ed by OPIC President and CEO Elizabeth Littlefield on the promise of economic growth in Africa. In her piece, “Don’t let Ebola obscure Africa’s larger promise and challenges,” Littlefield writes that America’s increased engagement with Africa comes at a pivotal moment when investors are helping build the energy infrastructure in Africa with unprecedented
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Featured photo: Sustainable Barramundi farming in Vietnam

December 26, 2014

A technician at the Australis fish farm in Vietnam checks on a nursery tank for young Barramundi, a fish species native to Southeast Asia. With financing from OPIC, the Turners Falls, Massachusetts-based Australis has expanded operations to Van Phong Bay, Vietnam where it operates the world’s largest Barramundi farm, specializes in sustainable and eco-friendly aquaculture, and employs one hundred local
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Year in review: OPIC’s top blog posts of 2014

December 22, 2014

OPIC extended its work addressing major world development challenges in 2014, supporting projects to build power plants and other major infrastructure, increase access to food and clean drinking water, introduce cleaner sources of energy, improve the quality of healthcare and help individuals lift themselves out of poverty by providing affordable mortgages to build stable homes and small businesses. We’re recapping
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Featured photo: Affordable housing in South Africa

December 19, 2014

Newly constructed homes built with investments from the OPIC-supported South African Workforce Housing Fund, are providing housing to nearly 8,000 low-income and working class families in Johannesburg. By investing in low-income housing the fund has also helped establish the affordable home sector as a viable asset class in the market, attracting further development capital to address South Africa’s housing shortage.
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