OPIC Announces Inaugural Impact Awards, Recognizing Excellence in Development Finance
February 18, 2014
WASHINGTON, D.C. – The Overseas Private Investment Corporation is proud to announce the inaugural OPIC Impact Awards, which recognize the outstanding work of OPIC clients in advancing development impact around the world. Award winners will be announced at a ceremony in March.
“All OPIC-supported projects are worthy of recognition,” said Elizabeth Littlefield, president and CEO of OPIC. “But these first-ever Impact Awards will give us a chance to shine a spotlight on those that have been truly exceptional in their contribution to development.”
OPIC conducted a thorough nomination process and selected winners in six categories: American Small Business, Renewable Resources, Development Impact, Critical Infrastructure, Private Equity and Access to Finance. These categories represent some of the key areas of focus for the Agency in its work to catalyze private investment in support of sustainable development, and to help American businesses invest in emerging markets.
The awards will be presented March 11 at the U.S. Chamber of Commerce, which is also a co-sponsor of the awards event.
A media advisory for the event is available here.
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $76 billion in U.S. exports and supported more than 278,000 American jobs.