The OPIC Blog

OPIC partners pay back

Part 2 in an ongoing series Five years ago, OPIC agreed to provide $55 million financing to Aeris Holding, the operating company of the Juan Santamaria International Airport in San Jose, Costa Rica, to complete a major restructuring that would double the passenger capacity of one of the busiest airports in Central America. Aeris recently  joined a long list of Read more…

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Featured Photo: Partnering to expand access to off-grid power

(From left to right) Amitesh Sinha, CFO, Greenlight Planet; Anish Thakkar, CEO, Greenlight Planet; Loren Rodwin, Managing Director of Small & Medium Enterprise Finance, OPIC; and Thomas Vajda, Counsel General, U.S. Consulate in Mumbai at a signing ceremony formalizing a partnership to expand off-grid energy access in the developing world. Greenlight Planet is introducing affordable solar lighting and phone charging Read more…

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How OPIC has helped thousands of families purchase basic homes

OPIC’s commitment to impact investing spans many sectors, including affordable housing. Projects OPIC supports have constructed tens of thousands of affordable homes for individuals and families in the developing world, from Latin America to Sub-Saharan Africa, and provided more than 200,000 affordable mortgages in developing countries. Habitat for Humanity International is a key partner of OPIC, which provides financing to Read more…

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Why political risk insurance is critical to the global economy

Political Risk Insurance (PRI) began as a niche product but has become a “critical tool in the expansion of the global economy,” OPIC Director Mark Stuckart, wrote in the magazine of the Association for Financial Professionals. Stuckart, director for Political Risk Insurance and Product Development, explains the key role OPIC has played in developing insurance to protect investors in developing Read more…

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Featured photo: Improving low-income housing in Cambodia

A family in Cambodia applies for a home loan improvement loan facilitated by Habitat for Humanity’s Microbuild fund, an OPIC partner. Microbuild has used OPIC financing to improve its lending capacity to microfinance institutions, which in turn provide housing loans to low and middle income families throughout much of the developing world. In addition to supporting loans to populations that Read more…

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Supporting development by strengthening local airports

OPIC’s ability to provide large amounts of financing with long tenors makes it uniquely suited to support major infrastructure projects that require large investments of time and money. In recent years, OPIC financing has supported the construction or expansion of three airports in Latin America. The expansion of the Mariscal Sucre Airport in Quito, Ecuador. The privatization and reconstruction of Read more…

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Portfolio for Impact: How OPIC assembled a collection of small, high-impact projects

In multiple African countries from Mali to Togo, small rural farmers have been able to increase food production over an extended growing season because they obtained microfinance loans to buy irrigation equipment. In India, where almost half the student population attends private schools, one company is providing loans to make these schools affordable to more low-income students. And in emerging Read more…

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Featured photo: From an unstable past to a more prosperous and secure future

A cityscape of Tbilisi, the capital of Georgia, where OPIC has invested more than $500 million across 50 development projects since the country gained independence in 1991. As the first development institution to invest significantly in this former Soviet Republic, OPIC has played a central role in helping Georgia rebuild war-torn buildings, upgrade its infrastructure and modernize its agricultural sector. Read more…

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New video highlights OPIC’s work in Georgia

OPIC has played a key role in Georgia’s shift from an unstable past to a more prosperous and secure future.  This new video highlights our work as one of the first development institutions to invest in Georgia after it declared independence from the Soviet Union in 1991. Georgia faced major challenges in the early 1990s including an economic crisis, political Read more…

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Partner Spotlight: Envirofit Chairman and CEO Ron Bills on a scalable solution to indoor air pollution

Earlier this year, OPIC committed a $4 million loan to Envirofit International, a Fort Collins, Colorado business that was formed 13 years ago in a spinoff from Colorado State University’s Engines and Energy Conservation Lab. With a mission to develop solutions to global energy and health challenges, Envirofit has put much of its focus on developing clean cookstoves to reduce indoor Read more…

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