The OPIC Blog

Archive for the Impact investing Tag

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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How OPIC has helped thousands of families purchase basic homes

OPIC’s commitment to impact investing spans many sectors, including affordable housing. Projects OPIC supports have constructed tens of thousands of affordable homes for individuals and families in the developing world, from Latin America to Sub-Saharan Africa, and provided more than 200,000 affordable mortgages in developing countries. Habitat for Humanity International is a key partner of OPIC, which provides financing to Read more…

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Featured photo: From an unstable past to a more prosperous and secure future

A cityscape of Tbilisi, the capital of Georgia, where OPIC has invested more than $500 million across 50 development projects since the country gained independence in 1991. As the first development institution to invest significantly in this former Soviet Republic, OPIC has played a central role in helping Georgia rebuild war-torn buildings, upgrade its infrastructure and modernize its agricultural sector. 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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By the numbers: OPIC’s far-reaching impact

OPIC-supported projects improve access to power, clean water, food, education, housing, financial services and more, in over 100 countries from Asia to the Middle East, Latin America and Sub-Saharan Africa. This snapshot shows the impact we have in some key sectors. From supporting the construction of homes for more than 60,000 low-income homeowners to helping build hospitals and health clinics Read more…

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Littlefield speaks on CSIS panel on impact investing

As impact investing evolves from a somewhat “clubby” sector to a mainstream investment tool, development finance institutions like OPIC are playing a key role, OPIC President and CEO Elizabeth Littlefield told a January 14 panel on impact investing. In addition to accounting for a large share of the total invested in the sector, DFIs are providing a source of “patient 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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OPIC marks a key anniversary as a self-sustaining government agency

Thirty-one years ago this month, OPIC presented President Ronald Reagan with a check for $50 million, making good on its promise to pay back every cent of the funds that Congress had allocated to start the agency in 1971. Reagan accepted the check and emphasized that OPIC’s success shows how “the private sector is the best engine for economic growth Read more…

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OPIC celebrates record-setting year in private sector-led development

                                    OPIC has announced $4.4 billion in new financing and insurance commitments in fiscal year 2015 to catalyze private sector-led development. The new projects that OPIC supported are expected to bring a total of $14 billion in development-focused investment to emerging economies. This Read more…

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Manjula’s story: A look at one of the many entrepreneurs supported by OPIC investment

In honor of Global Entrepreneurship Week we’re featuring this video of Manjula, an Indian factory worker turned entrepreneur who transformed her life with a small loan provided through an OPIC partnership with Citi. Dissatisfied with her work in a garment factory, Manjula was able to start a small apparel business using a loan from the Indian microfinance institution Ujjivan, which Read more…

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