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Littlefield on CNBC Asia: We’d like to invest more in the region

Littlefield on CNBC Asia: We’d like to invest more in the region

During her recent visit to Indonesia and Singapore, OPIC President and CEO Elizabeth L. Littlefield appeared on CNBC Asia, where she said OPIC aims to double its portfolio in the ASEAN countries of Southeast Asia over the next 36 months.

Watch the full length interview here:

ELLCNBC_4_Apr2016c

 

While OPIC has supported investment in Southeast Asia for more than 40 years, the region currently comprises a relatively small share of the Agency’s total portfolio. OPIC last year opened a regional office in Bangkok to focus on business development, and during the recent visit met with businesses to discuss the ways OPIC investment could compliment private sector investment in development.

Some of OPIC’s recent projects in the region include financing to a local bank in Indonesia to expand lending to small and medium enterprises, financing to expand access to telecommunications services in underserved regions of Papua New Guinea, and a loan to support the introduction of a cloud-based air cargo tracking technology in the Philippines.

See also: Supporting job creation and economic growth in Asia-Pacific

 

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