June 28, 2013
The mountaintop Mtatsminda restaurant and business complex in Tbilisi, Georgia was renovated with the support of a $10 million OPIC loan and will reopen on Saturday, June 29. This clip from a local news program highlights visits this week from U.S. Ambassador to Georgia, Richard Norland, and Kenneth Angel, Managing Director, Project Finance at OPIC.
June 28, 2013
This week, OPIC held its Expanding Horizons workshop in Fort Worth, Texas with more than 100 U.S. small businesses from over 10 states attending. The events also were highlighted in local media with both The Houston Chronicle and The Fort Worth Star-Telegram publishing op-eds by OPIC President and Chief Executive Officer Elizabeth Littlefield on the important role small businesses can
June 25, 2013
By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility In this guest post, an OPIC partner outlines a system for determining creditworthiness of potential borrowers that lack collateral and a track record of working with banks. Small and medium enterprises (SMEs) are the key to innovation and an engine of economic growth and job creation in the Middle East
June 21, 2013
Microfinance group members in Tlayacapan, Mexico meet to collect installments on a loan from Finca International, a U.S. microfinance institution with a global footprint in 21 countries. This all-women group of entrepreneurs who sell food, clothing and crafts in local markets has been a client of Finca Mexico for 10 years.
June 20, 2013
This week is National Small Business Week, an event organized by the U.S. Small Business Administration (SBA) to recognize American entrepreneurs and small business owners. OPIC understands that American small businesses are the heart of the country’s economy and also can play a significant role in the global economy. Last year, 73 percent of the deals OPIC approved were with
June 18, 2013
OPIC has a long tradition of partnering with private sector businesses to catalyze investment in challenging markets around the world. But the agency’s work extends beyond public-private partnerships. In its recently published 2013 annual report, OPIC outlines several of the successful partnerships it has forged with other U.S. Government agencies to address major development challenges such as: –Clean Energy.
June 07, 2013
OPIC President and Chief Executive Officer Elizabeth Littlefield attended the UK’s G8 Social Impact Investing Forum in London this week. On The White House Blog, Littlefield, along with Karen G. Mills, Administrator of the U.S. Small Business Administration (SBA), and Rajiv Shah, Administrator of the U.S. Agency for International Development (USAID), discuss the National Impact Initiative (NII) launched at the
June 06, 2013
This week, OPIC President and CEO Elizabeth Littlefield traveled to London to participate in two events that focused on impact investing, which has long been a focus at OPIC and is increasingly attracting attention from investors and entrepreneurs. The Development Impact Bond Working Group, formed by the Center of Global Development (CGD) and Social Finance, convened on June 5 to
June 05, 2013
OPIC’s Small and Medium-Enterprise (SME) Financing is available for businesses with annual revenues of less than $400 million. In this interview, James Polan, Vice President, Small and Medium Enterprise Finance, explains the work that he and his colleagues do to provide counsel and financial products to these types of businesses looking to do business in emerging markets. Why does OPIC focus so
May 28, 2013
By John Aldonas Deputy Vice President, OPIC Small and Medium Enterprise Finance Does it make business sense to invest in the world’s poorest people? Earlier this month, I joined some OPIC clients on a panel at the Society for International Development, where we discussed why private sector investments in some of the poorest and least developed parts of the world