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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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Spotlight on OPIC Impact Award winners: Ellicott Dredges

March 20, 2014

Small businesses comprise the majority of all firms in the U.S. economy, and are powerful engines of job creation at home as well as drivers of development, innovative solutions, and economic efficiency in scores of developing nations. Small businesses can also face far tougher challengers than established multinationals when they do business abroad, so it is both fitting and instructive
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Spotlight on OPIC Impact Award winners: SunEdison

March 19, 2014

On a quiet plain in the rural center of South Africa sits a small town called Boshof. It’s far from the bustling cities of Cape Town and Johannesburg, and hundreds of miles from the dramatic, hilly coastline of the Cape of Good Hope. But Boshof, in the country’s underdeveloped Free State, is the site of a major project to generate
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Big visions, greater rewards – a look at the OPIC Impact Awards

March 14, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s hard to believe that the inaugural OPIC Impact Awards ceremony, which was held Tuesday, March 11, has already come and gone. I couldn’t think of a better way to showcase all that the Overseas Private Investment Corporation embodies than by honoring the outstanding work of several
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Featured Photo: ContourGlobal’s Togo power plant, winner of OPIC’s Impact Award for Critical Infrastructure

March 14, 2014

Inside the 100 megawatt Lomé Thermal Power Plant in Togo, which was completed in 2010 with the support of OPIC financing and political risk insurance. The project was one of the largest investments ever made in the Republic of Togo and it succeeded in tripling the country’s energy generation capacity and significantly reducing rolling blackouts. During the Impact Awards ceremony
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Who are the heroes of sustainable development?

March 13, 2014

Our friends at the ONE Campaign joined us in celebrating this week’s OPIC Impact Awards. This post, which originally ran their blog, promotes sustainable development, which comprises an impressive portion of OPIC’s portfolio. In 2013, the Agency supported a record $1.2 billion in renewable energy projects, including in the wind, solar, hydro-power and biomass sectors. Often, creating sustainable development projects
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OPIC’s Impact Awards: A recap in photos

March 12, 2014

OPIC’s March 11 inaugural Impact Awards ceremony was a big success and helped us highlight the ways our clients are making a difference around the world. In this post we showcase the winners. Global Partnerships: Access to Finance Award OPIC loan recipient Global Partnerships, one of the three clients awarded the Access to Finance award, facilitates small microfinance loans in
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OPIC Impact Awards: Changing lives through development (Video)

March 11, 2014

On March 11 at 4 p.m., Elizabeth L. Littlefield, OPIC President and CEO, joins John Murphy Vice President of International Affairs, United States Chamber of Commerce for the inaugural OPIC Impact Awards recognizing excellence in development by OPIC clients. Judith Pryor, Vice President, OPIC’s Office of External Affairs served as Master of Ceremony. Distinguished presenters include John Podesta, Counselor to
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Featured photo: construction in Malawi

March 07, 2014

In Blantyre, Malawi’s commercial center, investors are seeking opportunities in multiple industries, including hospitality. Here, a group of workers at the construction site of a high end hotel that could accommodate business people and help attract investment. An OPIC delegation recently visited Malawi to talk with investors and government officials about opportunities to support additional private sector investment.

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Spotlight on OPIC’s Impact Award in the American small business category

March 07, 2014

The inaugural OPIC Impact Awards event, set to take place next Tuesday, will highlight exceptional projects across six categories, including Renewable Resources, Critical Infrastructure, Access to Finance, Development Impact, Private Equity, and American Small Business. This post, the final in the series, spotlights American Small Business. In supporting U.S. private sector investment in emerging markets, OPIC works with businesses of all sizes
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