December 03, 2013
How can Africa fully compete when countless factories and computers go dark during rolling blackouts? How can it compete in an era of non-stop, round-the-clock communication when millions go home to candles or lanterns? Although Africa has made great strides in industries like transportation, manufacturing and telecommunications, some 600 million Africans still lack access to basic electricity. In a guest
November 21, 2013
What happens when a project doesn’t progress according to its business plan? OPIC thoroughly vets projects and management teams before committing financing, but the challenges of doing business in the developing world can mean that unforeseen events arise. OPIC’s consistent ability to make a positive developmental impact and earn a net profit in spite of these challenges – read more
September 24, 2013
Today’s Shared Opportunity e-card features Farooq Kathwari, Charman, President, and CEO, Ethan Allen Interiors Inc. Click here to see the most recent Shared Opportunity e-card, featuring Vin Weber, former U.S. Representative (R-MN).
September 18, 2013
This post is reprinted from the Bill & Melinda Gates Foundation’s Impatient Optimists blog, where it first ran. While the topic of improving financial services to poor communities is a subject of great focus for OPIC, the views expressed are those of the author. By Jason Lamb Most of us in the developed world don’t think twice about how we
August 23, 2013
As much of Africa enjoys a period of unprecedented economic growth, it also faces the challenge of how to sustain and extend this progress. In a recent piece for AllAfrica.com, OPIC Executive Vice President Mimi Alemayehou notes that augmenting and maintaining the infrastructure needed to support this growth will cost hundreds of billions of dollars a year for the foreseeable
August 16, 2013
On August 15, OPIC Political Risk Insurance Director Brian O’Hanlon, American Council on Renewable Energy (ACORE) Senior Associate Risa Edelman, OPIC Renewable Resources Managing Director Lynn Tabernacki, and ACORE Vice President of Corporate Relations Tom Weirich hosted the Inaugural Meeting of ACORE’s International Programs Steering Committee. The Committee, which met with colleagues working in the renewable energy sector at OPIC’s Headquarters,
August 02, 2013
OPIC President and CEO Elizabeth Littlefield (far left) tours the Aga Khan Hospital and Medical College in Karachi during her July visit to Pakistan. An OPIC loan is supporting the renovation and expansion of the facility that will include the introduction of advanced equipment, a center for medical innovation and a program to subsidize healthcare for poorer patients throughout Pakistan.
July 29, 2013
What do the world’s poor people need? Money is one simple answer, but money alone is often not enough to support long-term solutions to put individuals and communities on the path to prosperity. Seattle-based Global Partnerships is one OPIC client that has successfully combined microfinance lending with additional non-financial services such as education, training and healthcare to poor communities in Latin
July 26, 2013
Sub-Saharan Africa has seen significant economic progress in recent years with growth rates in many countries that are among the highest in the world, and large numbers of once poor people joining the middle class. But this recent progress sits against a backdrop of major ongoing developmental challenges, many of them related to access to electricity. Because it is essential
July 19, 2013
OPIC President and CEO Elizabeth L. Littlefield visited the Karachi Stock Exchange on July 18 and rang the ceremonial gong to open trading. Littlefield is on a four-day tour of Pakistan to meet with business leaders and review some OPIC-supported projects in the country.