The OPIC Blog

Archive for the Egypt Tag

Littlefield’s testimony to Congress emphasizes OPIC’s commitment to vulnerable countries

More than one-third of OPIC’s active portfolio is invested in places that are in or are vulnerable to violent conflict – a commitment based on the Agency’s understanding that economic stability can help support political stability. OPIC President and CEO Elizabeth Littlefield spoke of this commitment to some of the world’s most fragile places on May 19, when she testified Read more…

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OPIC board approves seven new deals at September meeting

OPIC’s Board of Directors held its final meeting of the fiscal year on September 19 and approved deals in Africa, the Middle East and Latin America that will improve access to electricity, small business lending, and healthcare while supporting U.S. investment in developing countries. The deals approved include: Small business lending in Kenya: OPIC agreed to provide a $75 million Read more…

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A pivotal year for foreign affairs, a banner year for OPIC: Read the fiscal 2011 annual report

OPIC recently published its annual report for fiscal 2011, a year that OPIC President and CEO Elizabeth Littlefield describes as “a pivotal year for foreign affairs and a banner year for the U.S. Government’s development finance institution.” Littlefield’s full letter is printed below, and the complete annual report is available on OPIC.gov. When I embarked on my first full year at Read more…

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Timeline: A look back at OPIC’s swift response to the 2011 uprisings in the Middle East

January marks the first anniversary of the protests in Egypt’s Tahrir Square, which set off broader uprisings that spread throughout the country and much of the Arab World. In the year since then, the Egyptian government has toppled, many of the protests throughout the region continue, and progress has been both promising and unsteady –all underscoring the challenges of achieving Read more…

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OPIC co-hosts luncheon for companies interested in investing in MENA

OPIC co-hosted a luncheon with the State Department at the Chamber of Commerce on August 11 for U.S. Companies investing, or interested in investing, in Egypt and Tunisia.  OPIC’s Executive Vice President Mimi Alemayehou, and Managing Director of Investment Development and Coordination John Moran (pictured), spoke to representatives of some 40 major U.S. companies about the financial tools OPIC offers Read more…

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Global Development Supports Domestic Development

By Elizabeth Littlefield, OPIC President and CEO At first glance, the prospects for American foreign aid and investment might look grim these days. As debt ceiling discussions and proposed austerity measures cast a shadow on all federal spending, money spent or invested far from home might seem an easy target for deep cutbacks. But such a response would be based Read more…

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Technology and the Arab Spring

At a series of Egypt Forward forums held around the U.S. in June, OPIC President Elizabeth Littlefield and other OPIC staffers addressed hundreds of American businesses interested in doing business in Egypt and described how OPIC’s finance and insurance tools could support them. The forums were sponsored by the U.S. Trade and Development Agency (USTDA), which works to create U.S. Read more…

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“Investment – not just assistance” for the Middle East and North Africa

Just like in the United States, small businesses are the backbone of the economies of the Middle East and North Africa (MENA), and a strong private sector is vital for increased employment and economic growth.  And as President Obama stated in his recent speech about the region, “though these countries may be a great distance from our shores, we know Read more…

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