The OPIC Blog

Archive for the World Bank Tag

World Bank says it’s getting easier to do business in the developing world

Developing countries accelerated the pace of reforms over the past year, making it easier to start and run a business, the World Bank Group’s new Doing Business 2016 report finds. The report, which looks at the business climate in 189 countries, found that 85 developing economies adopted 169 business reforms in the past year, designed to lower the cost and Read more…

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Business climate improves in many African countries but access to electricity remains a challenge

Doing business in Africa is not always easy, but the business climate is improving in many African countries, the World Bank’s latest Doing Business report shows. The latest version of the Bank’s widely-watched report shows that many countries in Sub-Saharan Africa have adopted reforms related to starting a business, protecting investors, paying taxes and registering property. Five of 10 countries listed Read more…

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Powering Africa: The on-grid challenge

Second in a series looking at OPIC’s work supporting President Obama’s Power Africa Initiative See also: Powering Africa: The off-grid challenge President Obama’s Power Africa initiative has increased awareness of the challenge of extreme energy poverty in Sub-Saharan Africa and in doing so, has also highlighted the need for off-grid power solutions to reach a large share of Africa’s rural Read more…

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A country in a hurry: On the 20th anniversary of the Rwandan genocide, this small African country looks forward

By Elizabeth Littlefield President and Chief Executive Officer, U.S. Overseas Private Investment Corporation I first visited Rwanda in the early 1990s when I was just beginning my career in development, and spent several months in the country advising the leadership of local microfinance institutions. In addition to being struck by Rwanda’s natural beauty — its sweeping vistas of terraced hills 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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Featured photo: Solar power in Chile

A rendering of SunEdison Inc.’s planned 50.7 megawatt San Andres solar power plant in Chile. This week SunEdison, OPIC and IFC, a member of the World Bank Group closed a $100.4 million project financing arrangement for the plant, which will be located in the Atacama region of Chile. OPIC is providing $62.9 million of the financing. Read more.

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Extending the reach of microfinance

OPIC’s 2011 annual report takes a look back at the agency’s first 40 years and highlights some lending programs from the 1970s that delivered loans – sometimes in amounts less than $1,000 – to individuals and small businesses in developing countries. Decades before microfinance became widely recognized as an effective tool for supplying small loans to individuals and small businesses, OPIC was Read more…

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Monthly news wrap-up: May 2012

OPIC provided political risk insurance to rebuild a flour mill and animal feed facility that was destroyed in the 2010 earthquake. This picture is from a tour at the grand reopening of the facility on December 15, 2011. This is just one of many OPIC projects focused on food security. We continue our monthly news wrap-up series this month, starting with a Read more…

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Photo: Four DFI executive directors speak at OPIC

Four U.S. Executive Directors of the key international development institutions spoke with OPIC staff in January, 2012, about the opportunities and challenges of their work. The Executive Directors act as liaisons between the U.S. government and the governing bodies of these development banks. From left, Meg Lundsager, International Monetary Fund; Ambassador Robert “Skipp” Orr, Asian Development Bank; Ian Solomon, World Read more…

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Alemayehou: Why the Diaspora is an increasingly important part of OPIC’s client base

A recent cover story in The Economist described immigrant networks as “a rare bright spot in the world economy. Around that same time. OPIC Executive Vice President Mimi Alemayehou addressed a forum at the World Bank about innovative ways to engage the diaspora, where she outlined why members of diaspora communities often made attractive investors in the developing world. The text of her September 14, Read more…

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