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OPIC recognizes International Youth Day 2013

August 12, 2013

Today is International Youth Day, a day created by the United Nations in 1999 to mark the important contribution youth make to the world. This year, International Youth Day focuses on youth migration and the rewards and risks associated with it. According to a 2012 report by the UN Capital Development Fund, 85 percent of youth currently live in developing
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Client spotlight: Global Partnerships invests more than just money in poor communities in Latin America

July 29, 2013

What do the world’s poor people need? Money is one simple answer, but money alone is often not enough to support long-term solutions to put individuals and communities on the path to prosperity. Seattle-based Global Partnerships is one OPIC client that has successfully combined microfinance lending with additional non-financial services such as education, training and healthcare to poor communities in Latin
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Paper features OPIC President Elizabeth Littlefield on the role of the private sector in Pakistan’s development

July 16, 2013

This week, OPIC President and CEO Elizabeth L. Littlefield is visiting Pakistan to discuss investment opportunities with the business community. The visit was highlighted in local media on Monday with an op-ed published by President Littlefield on the important role of the private sector in development. “Today, American and Pakistani businesses are increasingly linking up and succeeding together, and those
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Featured photo: Local retailer supports jobs and sustainable development in Guatemala

July 12, 2013

The Guatemala City flagship store of Cemaco, a family-owned business that operates 20 retail stores throughout Guatemala selling hardware, home goods ,toys and baby gear. OPIC, through a loan guaranty to World Business Capital, supported a $9,750,000 loan to help the business expand. The Cemaco retail chain currently has about 1,500 local employees and is committed to sustainable business practices
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OPIC Seminar Takes on Small Businesses in Salt Lake City

July 11, 2013

World Trade Center Utah Executive Vice President & COO Elizabeth Goryunova joins Overseas Private Investment Corporation (OPIC) Director of Public Affairs Dr. Larry Spinelli at an Expanding Horizons seminar for Utah’s small businesses. OPIC’s Expanding Horizons seminar met up with small business owners in Salt Lake City on July 10 to help educate them on how to take advantage of
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Tailoring finance tools for impact investors

July 09, 2013

This is the second blog post in an occasional series By Mitchell L. Strauss, Special Advisor, Socially Responsible Finance In my earlier blog post I explored OPIC’s contributions to the evolving impact investing sector, mostly by providing financing and insurance products to help American companies working in emerging markets. In addition to these core products, OPIC continues to innovate and
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Featured video: OPIC-supported business complex prepares to open in Georgia

June 28, 2013

The mountaintop Mtatsminda restaurant and business complex in Tbilisi, Georgia was renovated with the support of a $10 million OPIC loan and will reopen on Saturday, June 29. This clip from a local news program highlights visits this week from U.S. Ambassador to Georgia, Richard Norland, and Kenneth Angel, Managing Director, Project Finance at OPIC.

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Texas newspapers feature OPIC President Elizabeth Littlefield on the role of small businesses in the global economy

June 28, 2013

This week, OPIC held its Expanding Horizons workshop in Fort Worth, Texas with more than 100 U.S. small businesses from over 10 states attending. The events also were highlighted in local media with both The Houston Chronicle and The Fort Worth Star-Telegram publishing op-eds by OPIC President and Chief Executive Officer Elizabeth Littlefield on the important role small businesses can
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Sailing the Seven “Cs:” Unlocking bank financing for SMEs in the Middle East

June 25, 2013

By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility In this guest post, an OPIC partner outlines a system for determining creditworthiness of potential borrowers that lack collateral and a track record of working with banks. Small and medium enterprises (SMEs) are the key to innovation and an engine of economic growth and job creation in the Middle East
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Featured photo: Finca International supports women entrepreneurs in Mexico with microfinance loans

June 21, 2013

Microfinance group members in Tlayacapan, Mexico meet to collect installments on a loan from Finca International, a U.S. microfinance institution with a global footprint in 21 countries.  This all-women group of entrepreneurs who sell food, clothing and crafts in local markets has been a client of Finca Mexico for 10 years.

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