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
February 28, 2014
By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility Small and medium enterprises (SMEs) are key to innovation and an engine of economic growth and job creation in the Middle East and North Africa (MENA) region. Despite the crucial role SMEs play in the region’s economies, they often have great difficulty accessing the financing needed for start-up and growth.
February 13, 2014
On Feb. 11, OPIC President and CEO Elizabeth Littlefield’s sent remarks by video to the New World Concepts’ International Women Leaders Summit in Karachi, Pakistan. The conference, which focused on “Women Making an Impact,” brought together female professionals and entrepreneurs to recognize women pioneering change in government and business. The summit highlighted how female leaders have changed the face of
February 03, 2014
In 2006, OPIC provided a $1.74 million loan to support expansion of the International Community School (ICS) in Kumasi, Ghana, allowing the school to double enrollment to more than 1,000 K-12 students. Unlike some other international schools in Ghana that serve a largely expatriate population, ICS focuses on educating Ghanaians to prepare them to be leaders in their own communities
January 24, 2014
In recent years OPIC has made it a priority to support impact investing and between 2008 and 2012 the Agency supported $2.4 billion in impact investments. Some of the challenges it has encountered in this relatively new investing sector are discussed in this blog post in the Stanford Social innovation Review, where OPIC outlines the process it adopted for identifying
January 17, 2014
OPIC President Elizabeth Littlefield holds a press conference in Accra, Ghana following a meeting with Ghana’s Vice President, Kwesi Amissah-Arthur. Littlefield traveled last month with an OPIC delegation to Ghana, Senegal and Liberia, where she toured OPIC-supported projects and met with government and business leaders to discuss development investment opportunities.
January 16, 2014
Mimi Alemayehou, OPIC’s executive VP, participated in a panel discussion on President Obama’s Power Africa initiative held Jan. 15th at the Center for Global Development. She was joined by USAID’s chief coordinator for Power Africa Andrew Herscowitz, Kamran Khan of the Millennium Challenge Corporation and Nilmini Rubin, an advisor to the House Foreign Affairs Committee. The group engaged in lively
January 15, 2014
It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing
December 20, 2013
A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model
December 13, 2013
Elizabeth Littlefield, OPIC President and CEO (pictured with Judith Pryor, OPIC Vice President, Office of External Affairs) testified December 11 on Capitol Hill about OPIC’s success supporting development and U.S. foreign policy in developing nations, while also generating income for deficit reduction.