Spotlight on OPIC’s Impact Award in the development impact category
The inaugural OPIC Impact Awards, scheduled for March 11, will honor winners in six award categories, including Renewable Resources, Critical Infrastructure, Access to Finance, Development Impact, Private Equity and American Small Business. This post, our fourth in a series on these categories, spotlights Development Impact.
OPIC’s core mission is to advance sustainable development and it strives to support projects that deliver a real and measurable developmental impact. The projects the agency supports in more than 100 developing nations around the world deliver a range of positive impacts, from providing electricity and housing, to increasing access to finance. The Development Impact award winner, which we will announce at the event, embodies this commitment to support projects that have a positive impact in people’s lives and on their host countries.
Each of our awardees was selected through a rigorous process in which we considered each project’s focus in priority sectors or regions, innovation in overcoming difficulties, quality of results, risk mitigation practice, development impact, and other factors, such as serving as a model in project development and execution.