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A plan to empower more than 1 million women: OPIC featured in The Huffington Post

March 09, 2015

Many women in the developing world are sidelined from economic progress because of limited access to financial services like savings accounts, loans and insurance. The Huffington Post features a piece by OPIC President and CEO Elizabeth Littlefield and Bob Annibale, Citi’s Global Director of Community Development and Microfinance, on an OPIC-Citi partnership that addresses this challenge. Through a joint program
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The Quiet Global Transformation of Global Development: OPIC featured in Huffington Post

February 27, 2015

The Huffington Post featured a piece by OPIC’s President and CEO Elizabeth Littlefield on the transformation of global development in recent years. In the piece Littlefield highlights how aid and investment in emerging markets has changed dramatically. Decades ago, private capital was a small fraction of aid dollars. Since then, that private capital investment has grown roughly 100-fold and the
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OPIC’s CEO gives keynote address at Powering Africa Summit

February 03, 2015

OPIC President and CEO Elizabeth L. Littlefield addressed Powering Africa, the first Power Africa Summit held in the United States, on Jan. 30, where she told a group of private sector and government officials from the United States and Africa that reforms in energy subsidies could help spur investments in Africa’s power sector. Power Africa is a U.S. Government initiative
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Obama highlights OPIC’s role supporting development in India

January 27, 2015

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are
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Democracy and progress in India

January 26, 2015

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing
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‘Don’t let Ebola obscure Africa’s larger promise’: OPIC’s CEO on the future of Africa

January 06, 2015

The development news outlet Devex published an op-ed by OPIC President and CEO Elizabeth Littlefield on the promise of economic growth in Africa. In her piece, “Don’t let Ebola obscure Africa’s larger promise and challenges,” Littlefield writes that America’s increased engagement with Africa comes at a pivotal moment when investors are helping build the energy infrastructure in Africa with unprecedented
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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

December 09, 2014

This post by James C. Polan, OPIC’s Vice President for Small and Medium Enterprise Finance, was originally featured on the U.S. State Department’s DipNote blog. The original post can be viewed here. Small businesses create jobs. It’s a widely accepted economic truth, but it’s not the whole story. The fact is, small businesses need money to grow, but they often
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Featured photo: Generating power in Jordan

November 07, 2014

Over the past few years, strong economic growth in Jordan has increased the demand for power beyond the country’s generation capacity. The 240MW AES Levant Power Plant, which was financed by a $170 million OPIC loan in addition to a $100 million loan from the European Bank for Reconstruction and Development, is strengthening the stability and supply of energy in
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Featured photo: Support for small businesses in the Middle East

October 31, 2014

OPIC President and CEO Elizabeth Littlefield toured a water bottling company in Ramallah this week during her trip to the West Bank, Israel and Jordan. This company received financing through the nonprofit Middle East Investment Initiative, an OPIC partner that supports small businesses in the Middle East. These small enterprises are critical to the region’s economic growth and job creation,
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Powering Africa: The renewable energy opportunity

October 27, 2014

Third in a series looking at OPIC’s approach to powering Africa. For earlier posts see Powering Africa: The off-grid challenge, and Powering Africa: The on-grid challenge. The sun shines almost daily throughout most of Sub-Saharan Africa, but most of the population – more than 620 million people — lives in the dark. This extreme energy poverty in a region so rich
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