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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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Featured photo: OPIC financing supports small businesses in Jordan

July 11, 2014

An employee of a small, family-owned chocolate manufacturer in Amman, Jordan prepares chocolates for packaging and sale throughout the country. The business is one of multiple small businesses that have received start-up loans from a Jordanian bank guaranteed through OPIC’s loan guaranty facility program, which is designed to promote lending to the small local businesses that are a critical part of
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Making a difference in the desert: An OPIC success story

October 01, 2013

By Judith Pryor, OPIC Vice President, Office of External Affairs One of the hallmarks of OPIC’s work is our long-term commitment to the highly developmental projects we support. Many of these projects, such as major power plants and utilities in countries with limited infrastructure, are complex undertakings that take years to complete. By providing tools, such as loans with unusually
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Featured Photo: OPIC supported power plant named one of world’s best

September 20, 2013

The OPIC-supported Amman East Power Plant in Jordan was recently named one of the world’s top five gas-fired plants by Power Magazine. OPIC committed a $70 million loan to AES Corp. of Arlington, Virginia in 2007 to support construction of the plant, which was Jordan’s first independent power plant and has helped the country reduce reliance on imported energy. In
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International Women’s Day: Six ways OPIC supports women around the world

March 08, 2013

By Judith Pryor, Vice President, OPIC Office of External Affairs Since 1987, the United States has recognized March as Women’s History Month, and since the early 1900s, International Women’s Day has been observed all over the world. This year’s theme, “The Gender Agenda: Gaining Momentum,” recognizes that equality is an essential part of a modern progressive world. The theme is
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Two OPIC deals named on IFC’s list of top public-private partnerships

March 07, 2013

Public-private partnerships have long been at the core of OPIC’s work supporting development. They are increasingly being recognized as an effective tool not just to finance major infrastructure projects, but also to reduce poverty by supporting projects to expand food production and access to education, healthcare, clean energy, and financial services. A new publication, Emerging Partnerships, lists two OPIC projects
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September Board Meeting: Priorities renewed and newer

September 26, 2012

At its September meeting, OPIC’s Board of Directors kept the agency’s focus trained on priority sectors – renewable resources; food security and safe drinking water; and small and medium size businesses (SMEs) – and added another: the growing middle class in emerging markets, which stand to transform developing countries in the coming years. Be it Africa, where 100 million households
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Sharing OPIC’s story: A conversation with Judith Pryor, Vice President of Office of External Affairs

July 31, 2012

In your experience, what is it that people find most interesting about OPIC’s work and what do they find most surprising? It varies by audience, of course, but in general OPIC’s project success stories are what people are most interested in. People like to hear how two college friends who traveled through Brazil came up with the idea to introduce
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