How U.S. foreign direct investment brings benefits besides money to the developing world
“U.S. companies and development finance institutions such as OPIC are playing an invaluable role in setting and promoting higher aims for social and environmental performance throughout the developing world,” OPIC President and CEO Elizabeth Littlefield recently wrote in PE HUB.
2014 was a record-breaking year for foreign direct investments (FDI), with $700 billion going into developing nations. In her piece, Littlefield highlights a number of OPIC-supported projects that have helped raise local standards related to working conditions and respect for the environment.
“As more nations look to leverage private capital for development, ensuring such investment leads to positive outcomes at the local level will continue to be at the top of the global agenda,” Littlefield wrote.