The OPIC Blog

Archive for the Jordan Tag

Littlefield’s testimony to Congress emphasizes OPIC’s commitment to vulnerable countries

More than one-third of OPIC’s active portfolio is invested in places that are in or are vulnerable to violent conflict – a commitment based on the Agency’s understanding that economic stability can help support political stability. OPIC President and CEO Elizabeth Littlefield spoke of this commitment to some of the world’s most fragile places on May 19, when she testified Read more…

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The hard and necessary work of investing in the world’s most vulnerable places

“As Afghanistan moves forward with its own security forces and a democratically elected unity government, business will be key to sustaining the momentum catalyzed by the massive U.S. and international efforts over the last decade,” OPIC President and CEO Elizabeth Littlefield writes in The Huffington Post. The piece, which outlines OPIC’s work supporting development in vulnerable places from Afghanistan to Read more…

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Featured photo: Securing water in a water scarce region

A worker welds a pipeline helping transport water from southern Jordan to Amman. OPIC provided financing and political risk insurance to support the construction of the 202-mile water pipeline, built by Disi Water, in Jordan – one of the most water-scarce countries in the world. Completed in 2014, Disi Water is providing dependable water to the people of Amman and Read more…

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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

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 Read more…

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Featured photo: Generating power in Jordan

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 Read more…

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Featured photo: Support for small businesses in the Middle East

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, Read more…

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Featured photo: OPIC financing supports small businesses in Jordan

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 Read more…

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Making a difference in the desert: An OPIC success story

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 Read more…

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Featured Photo: OPIC supported power plant named one of world’s best

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 Read more…

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International Women’s Day: Six ways OPIC supports women around the world

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 Read more…

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