The OPIC Blog

Archive for the Overseas Private Investment Corporation Tag

Announcing the inaugural OPIC Impact Awards

OPIC is proud to recognize some of our outstanding partners with our first ever OPIC Impact Awards for excellence in development finance.  The awards, which will be given out at a ceremony on March 11, will highlight the important work OPIC clients are doing in emerging economies around the world. OPIC-supported projects in clean energy, infrastructure, healthcare and other sectors Read more…

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OPIC project’s value commended at USGLC talk

The U.S. Global Leadership Coalition highlighted OPIC client Husk Power during a talk last month about the value of positive economic engagement in advancing foreign relations. Husk’s founders used an OPIC loan to introduce a series of mini-power plants in remote regions of India. “Today in India, 200,000 people now have electricity because of this project,” USGLC Executive Director Liz Read more…

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OPIC announces 2014 Expanding Horizons small business workshop schedule

OPIC will continue its popular Expanding Horizons series for small businesses in 2014, with four events around the country. These workshops and seminars help educate small businesses about the benefits of expanding into emerging markets, and the tools available from OPIC and other U.S. Government agencies that can support them. Expanding Horizons workshops are day-long events featuring presentations by OPIC, Read more…

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Measuring and monitoring impact: How one OPIC-supported school in Ghana delivers extensive benefits to local students and the surrounding community (Part Four in a series)

In 2006, OPIC provided a $1.74 million loan to support expansion of the International Community School (ICS) in Kumasi, Ghana, allowing the school  to double enrollment to more than 1,000 K-12 students. Unlike some other international schools in Ghana that serve a largely expatriate population, ICS focuses on educating Ghanaians to prepare them to be leaders in their own communities Read more…

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Creating an impact investing strategy: OPIC’s approach featured in Stanford Social Innovation Review

In recent years OPIC has made it a priority to support impact investing and between 2008 and 2012 the Agency supported $2.4 billion in impact investments. Some of the challenges it has encountered in this relatively new investing sector are discussed in this blog post in the Stanford Social innovation Review, where OPIC outlines the process it adopted for identifying Read more…

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Getting to dawn in Sub-Saharan Africa: OPIC’s Whalen on the changing investment climate on the continent

OPIC Vice President, Structured Finance, Michael Whalen wrote about Africa’s energy deficit in Project Finance International’s 2014 Yearbook, where he said that an improving investment climate and the U.S. Power Africa initiative have created momentum for increased electrification “after years of missed opportunities.” “For a long time global appetite for project finance in Africa was strongly concentrated in natural resource Read more…

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Featured photo: OPIC visit to Ghana

OPIC President Elizabeth Littlefield holds a press conference in Accra, Ghana following a meeting with Ghana’s Vice President, Kwesi Amissah-Arthur. Littlefield traveled last month with an OPIC delegation to Ghana, Senegal and Liberia, where she toured OPIC-supported projects and met with government and business leaders to discuss development investment opportunities.

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Power Africa leadership convenes at Center for Global Development

Mimi Alemayehou, OPIC’s executive VP, participated in a panel discussion on President Obama’s Power Africa initiative held Jan. 15th at the Center for Global Development. She was joined by USAID’s chief coordinator for Power Africa Andrew Herscowitz, Kamran Khan of the Millennium Challenge Corporation and Nilmini Rubin, an advisor to the House Foreign Affairs Committee. The group engaged in lively Read more…

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Beyond BRIC: The next economic giants

  It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing Read more…

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OPIC and Deutsche Bank announce fund supporting microfinance and Smart Campaign principles

OPIC, along with Deutsche Bank,  announced its commitment to the $100 million Global Commercial Microfinance Consortium II (“Consortium II”), a fund supporting the growth of microfinance institutions that pursue a high level of client care, transparency of operations and pricing as well as product innovation. The fund is a partnership with investors, including OPIC, who share a focus on responsible Read more…

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