The OPIC Blog

Archive for the finance Tag

PODCAST: Elizabeth Littlefield remarks on meeting with Senegal Prime Minister Mohammed Dionne

Last week, OPIC President and CEO Elizabeth Littlefield traveled to West Africa with a group of investors to discuss opportunities for the region and announce a new regional OPIC office located in Abidjan. While visiting Senegal, Ms. Littlefield met with the Prime Minister Mohammed Dionne to discuss the business climate and the diversity of projects that can provide sustainable high-quality Read more…

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Supporting emerging markets with innovative fund structures: OPIC’s Brooks Preston in PEHub

Brooks Preston, OPIC Vice President of Investment Funds, writes about OPIC’s Innovative Financial Intermediary Program (IFIP) in this piece in PEHub, explaining how innovative fund structures can support development. “In recent years, we started noticing a pattern,” Preston writes. “When we issued calls for proposals, some of the applying funds that showed strong promise for having a positive social impact Read more…

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OPIC partners pay back

Part 2 in an ongoing series Five years ago, OPIC agreed to provide $55 million financing to Aeris Holding, the operating company of the Juan Santamaria International Airport in San Jose, Costa Rica, to complete a major restructuring that would double the passenger capacity of one of the busiest airports in Central America. Aeris recently  joined a long list of Read more…

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OPIC partners pay back

Last year, OPIC recognized its partner Sante GMT with an Impact Award for development impact. This year, the Georgia producer of milk and dairy products, which has helped create income for thousands of rural Georgian farmers, earned a different distinction, joining the long list of OPIC partners that have repaid their loans in full. In 2007, OPIC provided Sante with Read more…

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Partnering with business as a force for good in the world: A conversation with Elizabeth L. Littlefield

The year 2015 has been a banner year for OPIC with the Agency’s total portfolio reaching a record-high of almost $20 billion, new finance and insurance commitments totaling $4.4 billion and 43 percent of that total going to low-income countries. At the same time, OPIC has placed a strong focus on internal operations, taking steps to improve efficiency, expand staff Read more…

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Throwback Thursday: A look at the 2014 inaugural OPIC Impact Award winners

As we wrap up the 2015 OPIC Impact Awards recognizing the work of seven clients who demonstrated excellence in development, we wanted to look back at last year’s inaugural awards, the first time we hosted an event to formally honor the diverse work of our clients and the positive impact they are having around the world. The inaugural 2014 awards Read more…

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New video illustrates how OPIC supports development

Developing countries are at the forefront of possibility in today’s world, but they also face significant challenges that are too great to be addressed by aid or the public sector alone. This new video illustrates how OPIC works with the private sector to address many of these challenges and make a positive difference in some of the poorest and most Read more…

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What is the Role of Investment in Development?

This entry originally ran on DipNote, the U.S. Department of State’s Official Blog. When you hear the phrase “development finance,” what do you think of? For many people, the first thing that comes to mind might be foreign aid — also known as official development assistance (ODA). To be sure, ODA plays an important role, particularly in the least developed Read more…

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The story behind acai: How one small business helped make the rainforest “too valuable to cut down.”

Fourteen years ago, a business idea was hatched during a surfing vacation to Brazil when a group of friends from southern California discovered the tasty and nutrient-rich acai (ah-sigh-ee) berry. They started Sambazon (short for “sustainable management of the Brazilian Amazon”) to process the berries for sale in juices. But as a small startup, Sambazon faced difficulty obtaining credit. In Read more…

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Big visions, greater rewards – a look at the OPIC Impact Awards

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 Read more…

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