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The OPIC Blog


A plan to empower more than 1 million women: OPIC featured in The Huffington Post

March 09, 2015

Many women in the developing world are sidelined from economic progress because of limited access to financial services like savings accounts, loans and insurance. The Huffington Post features a piece by OPIC President and CEO Elizabeth Littlefield and Bob Annibale, Citi’s Global Director of Community Development and Microfinance, on an OPIC-Citi partnership that addresses this challenge. Through a joint program
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Why global development is a women’s issue

March 06, 2015

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these
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OPIC’s CEO gives keynote address at Powering Africa Summit

February 03, 2015

OPIC President and CEO Elizabeth L. Littlefield addressed Powering Africa, the first Power Africa Summit held in the United States, on Jan. 30, where she told a group of private sector and government officials from the United States and Africa that reforms in energy subsidies could help spur investments in Africa’s power sector. Power Africa is a U.S. Government initiative
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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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‘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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An OPIC anniversary: Good business, good government

December 11, 2014

By Elizabeth Littlefield  President and Chief Executive Officer, OPIC Thirty years ago this week, OPIC, the U.S. Government’s development finance institution, celebrated a rare feat in the federal government: it made good on its promise to pay back every cent of the $106 million that Congress had allocated to start the agency in 1971. The occasion was heralded by President Ronald
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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

December 09, 2014

This post by James C. Polan, OPIC’s Vice President for Small and Medium Enterprise Finance, was originally featured on the U.S. State Department’s DipNote blog. The original post can be viewed here. Small businesses create jobs. It’s a widely accepted economic truth, but it’s not the whole story. The fact is, small businesses need money to grow, but they often
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What urbanization means for development

November 12, 2014

Multiple OPIC projects address urban development challenges, often by supporting financing to small businesses that will create jobs. Nicholas Aoama Oyiek is a garage owner in Nairobi, Kenya, who employs 20 people and was able to obtain financing to build his business with the help of an OPIC backed private equity fund. Read more. In 1950, less than one-third of
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Featured photo: Bringing healthcare to rural Hondurans

October 24, 2014

Doña Chila became a volunteer community pharmacist serving the 2,500 residents of El Tigre Island in Honduras through a training program provided by a local partner of social investment fund Global Partnerships. Each day she counsels at least 15 customers about recommended medications and dosages. Global Partnerships is an OPIC client that provides small microfinance loans in rural communities and
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Geothermal key to powering Africa

October 23, 2014

By Stephen Morel Climate Finance Specialist, OPIC In the next three years, Africa is expected to see an unprecedented amount of geothermal power come online. Through President Obama’s Power Africa initiative, OPIC is poised to be a key player in unlocking the potential of geothermal on the continent. During the Geothermal Resources Council’s 38th Annual Meeting in September, attendees explored how
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