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An OPIC anniversary: Good business, good government

December 11, 2014

By Elizabeth Littlefield  President and Chief Executive Officer, OPIC Thirty years ago this week, OPIC, the U.S. Government’s development finance institution, celebrated a rare feat in the federal government: it made good on its promise to pay back every cent of the $106 million that Congress had allocated to start the agency in 1971. The occasion was heralded by President Ronald
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Featured Photo: OPIC supported franchise helping to create hundreds of local jobs in Georgia

September 13, 2013

U.S. Ambassador to Georgia Richard Norland visits employees at the first Wendy’s franchise grand opening in Tbilisi, Georgia on September 12. The franchise, one of 22 restaurants supported by a $18.9 million OPIC loan to JSC WenGeorgia – an OPIC client, is helping to create hundreds of local jobs throughout the country as well as providing essential workforce skills and
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Supporting investment in Afghanistan

December 10, 2012

Last week, OPIC joined the Afghan-American Chamber of Commerce’s 8th Annual U.S.-Afghanistan Business Matchmaking Conference, where OPIC Senior Investment Officer John Didiuk (pictured) discussed the agency’s mission, private sector development and the potential for business finance in Afghanistan. The two-day conference and trade show, designed to help U.S. businesses learn about opportunities in Afghanistan, also featured panel discussions covering the
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Elizabeth Littlefield on OPIC’s year-end results and impact

January 19, 2012

Can we advance U.S. development and foreign policy and make money for the budget at the same time? Yes. And we do.  Private investors such as entrepreneurs and members of diasporas are ready to invest in projects that build sustainable economies, opportunities and hope in developing markets, while creating jobs at home. U.S. companies see these high growth emerging markets
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Hot springs tapped for geothermal energy in a Kenyan national park

September 28, 2011

Hell’s Gate National Park in Kenya, named for its hot springs and volcanoes, is also the site of a geothermal power plant. On September 22, OPIC approved up to $310 million in financing to the plant’s operator to support an expansion that will double operating capacity and add clean energy to the country’s electricity grid. The loan, to OrPower 4 Inc.
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OPIC’s investments support U.S. jobs: A state-by-state look

July 27, 2011

By investing – and mobilizing the private sector to invest – in development overseas. OPIC also generates large volumes of exports and helps create jobs here in the United States. How many jobs? This 2010 table on OPIC’s local impact presents a state-by-state count of the American jobs that OPIC projects have supported, since OPIC was founded in 1971. As
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