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Spotlight on OPIC Impact Award winners: International Rescue Committee

March 25, 2014

While OPIC frequently works with private sector businesses that use OPIC financing or political risk insurance to support their operations in emerging economies, the Agency also supports the work of nonprofit organizations and NGOs. On March 11, OPIC honored one of its NGO clients, the International Rescue Committee (IRC) with its Impact Award in the Development Impact category. IRC uses
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OPIC seeks to support American investors in Malawi

March 24, 2014

By Elizabeth Littlefield President and CEO, Overseas Private Investment Corporation President Obama asked me a year ago to travel to Malawi to explore opportunities to support private sector investment in this country that is brimming with resources and promise but has not yet captured the level of investor interest that some neighboring countries … from Rwanda to Tanzania … are now enjoying. Having recently
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Featured photo: Ellicott Dredges, winner of OPIC’s Impact Award for American Small Business

March 21, 2014

Dredging equipment made in the U.S. by OPIC client Ellicott Dredges LLC is shipped overseas. Ellicott sells its equipment in countries around the world, including Iraq, where it is used to help improve flood control and restore hydroelectric dams. The company, which uses OPIC political risk insurance to support these equipment sales, last week was awarded OPIC’s Impact Award in
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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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