The OPIC Blog

Archive for the 'People' Category

Littlefield speaks on CSIS panel on impact investing

As impact investing evolves from a somewhat “clubby” sector to a mainstream investment tool, development finance institutions like OPIC are playing a key role, OPIC President and CEO Elizabeth Littlefield told a January 14 panel on impact investing. In addition to accounting for a large share of the total invested in the sector, DFIs are providing a source of “patient Read more…

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A new tool for achieving impact: A look at OPIC’s IFIP pilot

One of the ways OPIC has been able to achieve a positive development impact for more than four decades is by consistently innovating its tools and processes. OPIC listens to clients, and regularly introduces new financial and insurance products to better serve our partners. One of those recent innovations is the Innovative Financial Intermediaries Program, or IFIP, which was launched 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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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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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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The business of food security: A look at OPIC’s work in agribusiness

Earlier this week we highlighted OPIC’s growing portfolio of agribusiness projects that are helping increase food production and supporting small farmers. Here, John Aldonas, Deputy Vice President, OPIC Small and Medium Enterprise Finance, describes some of OPIC’s strategies for reaching the smallest farmers who are so critical to advancing food security. OPIC has seen significant growth in its agribusiness portfolio Read more…

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OPIC achieves major milestone, surpassing its initial Power Africa commitment

Two years ago President Obama launched one of the most ambitious development initiatives of his Presidency and enlisted the support of OPIC in Power Africa, designed to bring more electricity to the hundreds of millions of people in Sub-Saharan Africa who have none. OPIC committed $1.5 billion to the initiative and this week we reported that we’ve surpassed that initial Read more…

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Education, the environment, and OPIC: Secretary Kerry acknowledges strides made in Central Asia

On October 31, Secretary John Kerry visited the American University of Central Asia (AUCA) in Bishkek, the capital of the Kyrgyz Republic, to commemorate the opening of a new, state-of-the-art campus.   Thanks to a $6 million loan from OPIC alongside USAID support, AUCA was able to construct the new campus, allowing the school to extend current programs and serve Read more…

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Supporting job creation and economic growth in Asia-Pacific: A conversation with OPIC’s Geoffrey Tan

While the vast majority of OPIC’s staff is based in Washington, the Agency has in recent years established a handful of small local offices to support business development in key regions. Geoffrey Tan, OPIC Managing Director for Asia-Pacific, relocated last year to Bangkok, where he heads outreach and business development across a long list of countries in the region. Here Read more…

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