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OPIC supported Alto Maipo Hydroelectric Plant named Project Finance International’s Latin America Power Deal of the Year

January 06, 2014

Alto Maipo SpA, which recently closed a $245 million loan from OPIC to construct a hydroelectric power plant in Chile, has been named Project Finance International’s Latin America Power Deal of the Year. The renewable electricity source will become a key generation facility for Santiago, Chile’s largest city and capital. The plant will reduce electricity costs for local residents as
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Featured photo: Tablet-based teaching offers a scalable education model in Kenya

December 20, 2013

A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model
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In Kenya: Quality education even low income families can afford

December 17, 2013

In Kenya, primary school starts at the age of six and runs for eight years, and while the public schools are free to all children, they often suffer from limited resources. OPIC recently agreed to support a business that is providing an affordable education alternative to thousands of Kenyan families through a series of 237 schools it is building throughout
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Featured photo: OPIC on Capitol Hill

December 13, 2013

Elizabeth Littlefield, OPIC President and CEO (pictured with Judith Pryor, OPIC Vice President, Office of External Affairs) testified December 11 on Capitol Hill about OPIC’s success supporting development and U.S. foreign policy in developing nations, while also generating income for deficit reduction.

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U.N. marks Human Rights Day with focus on Vienna Declaration

December 10, 2013

Since 1950, the United Nations has recognized December 10 as Human Rights Day. This year the U.N. is marking the day with the theme “20 Years Working for Your Rights,” in recognition of the 1993 Vienna Declaration and Programme of Action. This mandate marked the beginning of a renewed effort of the protection and promotion of human rights. It is
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OPIC Executive Vice President Mimi Alemayehou featured in Forbes and Forbes Woman

December 06, 2013

One of the key’s to OPIC’s consistent financial success and strong developmental impact is the Agency’s strong team, including Executive Vice President, Mimi Alemayehou. Forbes recently included Alemayehou on its list of  “The 20 Young Power Women In Africa 2013.” and published a profile of Alemayehou talking about life, work and family, and the ways that her early years in
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Featured photo: OPIC delegation in West Africa

December 06, 2013

OPIC President and CEO Elizabeth Littlefield meets with Macky Sall, President of Senegal, while traveling with an OPIC delegation to West Africa. Africa has become a region of increased focus for OPIC in recent years and will play a key role in the U.S. Power Africa initiative to double access to electricity on the continent.

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Littlefield in AllAfrica: Africa can be transformed with public-private investment

December 03, 2013

How can Africa fully compete when countless factories and computers go dark during rolling blackouts? How can it compete in an era of non-stop, round-the-clock communication when millions go home to candles or lanterns? Although Africa has made great strides in industries like transportation, manufacturing and telecommunications, some 600 million Africans still lack access to basic electricity. In a guest
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OPIC and Habitat for Humanity partner for event on microfinance

November 26, 2013

OPIC and Habitat for Humanity partnered together for a public outreach event this week highlighting challenges and opportunities in development related to Habitat for Humanity’s annual Shelter Report. The report, Step by Step: Supporting Incremental Building Through Housing Microfinance, focuses on microfinance in the developing world. OPIC Executive Vice President Mimi Alemayehou and Habitat for Humanity Executive Vice President Mike
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Seeing complex projects through to completion: A conversation with Ryan Bequai, Managing Director, OPIC Portfolio Monitoring Division

November 21, 2013

What happens when a project doesn’t progress according to its business plan? OPIC thoroughly vets projects and management teams before committing financing, but the challenges of doing business in the developing world can mean that unforeseen events arise. OPIC’s consistent ability to make a positive developmental impact and earn a net profit in spite of these challenges – read more
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