September 30, 2013
In 2007, OPIC agreed to provide a $70 million loan to Inter-Mac International, Inc. to support low-income housing development throughout Central America in a deal that will also provide long term lease-purchase financing to make the homes affordable to individuals and families earning minimum wage. Just recently one of those projects in Choloma, Honduras won a Gold Nugget award from the
September 27, 2013
Workers assemble a wind turbine in northwestern Peru as part of the largest wind farm project in South America outside of Brazil. OPIC is in the process of structuring a $193 million OPIC loan to ContourGlobal Ltd. for the project, which will provide vital energy to a country that has enjoyed strong economic growth during the past decade but lacked
September 26, 2013
Today’s Shared Opportunity e-card features Henrietta H. Fore, Chairman and CEO, Holsman International, and former Administrator, U.S. Agency for International Development. Click here to see the most recent Shared Opportunity e-card, featuring Farooq Kathwari, Chairman, President, and CEO of Ethan Allen Interiors Inc.
September 26, 2013
OPIC’s Board of Directors held its final meeting of the fiscal year on September 19 and approved deals in Africa, the Middle East and Latin America that will improve access to electricity, small business lending, and healthcare while supporting U.S. investment in developing countries. The deals approved include: Small business lending in Kenya: OPIC agreed to provide a $75 million
September 24, 2013
Today’s Shared Opportunity e-card features Farooq Kathwari, Charman, President, and CEO, Ethan Allen Interiors Inc. Click here to see the most recent Shared Opportunity e-card, featuring Vin Weber, former U.S. Representative (R-MN).
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
September 19, 2013
Today’s Shared Opportunity e-card features Vin Weber, Former U.S. Representative (R-MN). Click here to see the most recent Shared Opportunity e-card, featuring Thomas J. Pritzker, Executive Chairman, Hyatt Hotels Corporation.
September 17, 2013
Today’s Shared Opportunity e-card features Thomas J. Pritzker, Executive Chairman, Hyatt Hotels Corporation. Click here to see the most recent Shared Opportunity e-card, featuring Thomas A. Daschle (D-SD), U.S. Senate Majority Leader.
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
September 12, 2013
Earlier this year, The OPIC Blog featured Margaret Kuhlow, Vice President, Office of Investment Policy, which works to ensure that OPIC-supported projects deliver real and measurable benefits in their host countries. This post, the second in a series that looks at the Office of Investment Policy, offers an overview of the department’s work in supporting OPIC’s development mission. OPIC’s core