Last week, OPIC’s President and CEO Elizabeth Littlefield welcomed Tony Blair, former Prime Minister of the United Kingdom, to OPIC’s Washington, D.C. headquarters. He is currently the Quartet Representative, charged with promoting economic growth and job creation in the West Bank and the Gaza Strip.
Littlefield and Blair last met in March at a conference Blair co-chaired in Prague, convening the Initiative for the Palestinian Economy, whose mission aims to leverage the private sector to create jobs and economic stability. At the conference, Blair publicly recognized OPIC for engagement and commitment towards catalyzing private investment in the West Bank and Gaza.
OPIC’s financing, political risk insurance and private equity commitments across the region are in support of the enduring goals of economic development and job creation to aid long-term political stability. As a regional example, OPIC’s support to the Middle East Investment Initiative’s West Bank/Gaza Loan Guaranty Facility supported 541 small and medium enterprises in the West Bank and Gaza, employing over 7,500 Palestinians.