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

April 09, 2014

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
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OPIC project’s value commended at USGLC talk

February 14, 2014

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
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Featured photo: Solar power in Chile

November 22, 2013

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

June 11, 2012

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
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Monthly news wrap-up: May 2012

June 04, 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
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Photo: Four DFI executive directors speak at OPIC

February 06, 2012

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

December 20, 2011

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,
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New report looks at role of OPIC and other IFIs in creating jobs, reducing poverty

September 23, 2011

A new report finds that international finance institutions such as the Overseas Private Investment Corp. play a key role in addressing a range of developmental challenges from reducing poverty and creating jobs to improving food security and mitigating climate change. The report, International Finance Institutions and Development through the Private Sector, was produced by OPIC and 30 other international finance
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