Winter 2012

In This Issue:

Recent Activity

Focus on 2011 Results

OPIC In Action

Upcoming Events

OPIC In The News

OPIC In Action

Some recent highlights from OPIC?s Access to Opportunities blog

OPIC Executive Vice President Mimi Alemayehou recently addressed a forum at the World Bank where she outlined why members of Diaspora communities often make attractive investors in the developing world. Read more

OPIC loans fund India's first large scale solar power plant. Read more

"There is a direct tie between a country's environmental and socioeconomic health: when one is improved so is the other." - Lynn Tabernacki, Managing Director of OPIC's Renewable and Clean Energy programs.

Upcoming Events

Feb. 9: OPIC President and CEO Elizabeth Littlefield delivered remarks on impact investing at Habitat on the Hill, an annual advocacy and legislative conference for Habitat for Humanity, in Washington.

Feb 27: OPIC Political Risk and Sovereign Insurance Managing Director Rod Morris will speak at the 3rd Annual Global Export & Agency Finance Asia Pacific Conference in Jakarta.

March 24: OPIC Executive Vice President Mimi Alemayehou will deliver the keynote address at George Washington University's Africa Business Conference.

March 27: OPIC Acting Vice President of Insurance John Moran will speak about OPIC?s support for the renewable resources in Sub-Saharan Africa at the Clean Technology World Conference in Johannesburg.

March 27-29: Debra Erb, Managing Director, OPIC Small and Medium-Sized Enterprise Finance will discuss the Agency's work in Sub-Saharan Africa at the Financing Low-Cost Housing Conference in Nairobi.

OPIC In The News

Bloomberg: Rice husks power solar to power Indian towns off utility grid

New York Times Opinionator blog: A light in India

New York Times: An Indian government success Solar power

AFP: OPIC loan recipient Husk Power wins green energy award

Fast Company: Root Capital makes money by investing where others won't

Huffington Post: Development that works

Recent Activity

OPIC records net income of $269 million in fiscal 2011 Profit earned while promoting economic development in new and emerging markets, advancing U.S. national security, and supporting growth in U.S. jobs and exports. Read more

OPIC commits $1.1 billion to renewable resource projects in 2011 "This is what we call 'renewing the future,'" OPIC CEO Elizabeth Littlefield says at the U.N. Climate Change Conference in Durban, South Africa. Read more

OPIC supports small business lending in Afghanistan OPIC and Afghan Growth Finance (AGF) have agreed to expand an existing partnership and will co-finance up to $11.5 million in loans to small businesses in Afghanistan. Read more

OPIC introduces new political risk insurance product The product will help protect private equity investments in developing markets. Read more

OPIC signs first insurance contract for REDD carbon reduction project The project is expected to preserve more than 64,000 hectares of Cambodian forest. Read more

OPIC Board approves $52.5 million for Maghreb Private Equity Fund The deal, which will support small businesses in North Africa, reflects OPIC's quick response to the events of the Arab Spring. Read more

OPIC loan links micro borrowers to clean energy markets Low-income micro borrowers will gain affordable access to clean energy technologies such as clean cooking and heating stoves, water purifiers and solar lighting. Read more

OPIC Board approves $150 million for investment in Egypt and MENA region Financing will expand access to credit and advance OPIC's commitment to provide $3 billion of investment support to the region. Read more

Focus on:
2011 Results and Renewable Resources

♦ OPIC's year-end results and impact

OPIC President and CEO Elizabeth Littlefield discusses some of the highlights from fiscal 2011, including the agency's $269 million profit. "OPIC offers an example of how U.S. foreign investment can pay dividends to the domestic economy," says Littlefied. Read more

♦ We must do both: Littlefield says development must focus on people and the planet

Elizabeth Littlefield spoke at the U.N. Climate Change Conference in Durban, South Africa in December, where she stressed that expanded access to natural resources and more efficient use of those resources must be twin priorities. "We need to combat the notion that addressing the basic, pressing needs of private individuals for food, water, and health are somehow incompatible with investing in long-term public goods such as clean and renewable energy, sustainable agriculture, and biodiversity preservation," she said. Read more

♦ OPIC sets record for investments in renewable
resources in 2011

OPIC committed about $1.1 billion in financing to the renewable resources sector in fiscal 2011, about triple the amount it committed the year before. This growth also supported a sharp increase in the amount of CO2 emissions avoided. Read more

♦ Renewing the future through investment

From wind power in the Caribbean to geothermal power in Kenya, a look at some key OPIC projects that support clean and sustainable development around the world. Read more

♦ The Arab Spring one year later

OPIC has a long history of working in the Middle East and North Africa (MENA) region and responded quickly to the uprisings that began in the winter of 2010. A look back at OPIC?s activities in the (MENA) region over the past year. Read more

IFI 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 Bank; and Gustavo Arnavat, Inter-American Development Bank.