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The OPIC Blog
Global Development Supports Domestic DevelopmentJuly 29, 2011By Elizabeth Littlefield, OPIC President and CEO At first glance, the prospects for American foreign aid and investment might look grim these days. As debt ceiling discussions and proposed austerity measures cast a shadow on all federal spending, money spent or invested far from home might seem an easy target for deep cutbacks. But such a response would be based OPIC’s investments support U.S. jobs: A state-by-state lookJuly 27, 2011By investing – and mobilizing the private sector to invest – in development overseas. OPIC also generates large volumes of exports and helps create jobs here in the United States. How many jobs? This 2010 table on OPIC’s local impact presents a state-by-state count of the American jobs that OPIC projects have supported, since OPIC was founded in 1971. As Technology and the Arab SpringJuly 21, 2011At a series of Egypt Forward forums held around the U.S. in June, OPIC President Elizabeth Littlefield and other OPIC staffers addressed hundreds of American businesses interested in doing business in Egypt and described how OPIC’s finance and insurance tools could support them. The forums were sponsored by the U.S. Trade and Development Agency (USTDA), which works to create U.S. Clean energy in IndiaJuly 19, 2011OPIC President Elizabeth Littlefield traveled on July 19 to New Delhi, where she reaffirmed OPIC’s commitment to supporting renewable energy projects in India. Littlefield, pictured here with Fred Hochberg, the Chairman of the Export-Import Bank of the United States, outlined OPIC’s plans for further mobilizing private-sector investment and supporting private equity investment funds in India. In support of PACE, the U.S.-India “Before electricity we did not know which century we were living in.”July 15, 2011This video from India’s Husk Power Systems Inc.–an OPIC loan recipient–outlines how rice husks are being used to generate electricity and transform lives in many of India’s most remote communities. Food is a renewable resourceJuly 12, 2011Last month, OPIC approved nearly $500 million for five renewable resource private equity funds, easily surpassing a pledge OPIC President and CEO Elizabeth Littlefield made at the 2010 U.N. Climate Change Conference, to provide at least $300 million for private equity investment in renewables. The five funds, which were selected from 56 funds that responded to OPIC’s call for proposals, Project Snapshot: Buchanan Renewables FuelJuly 06, 2011Site Liberia Sector Renewable energy; biomass, rubber Challenge Make use of large volumes of rubber trees that have reached the end of their latex producing lives by harvesting them and producing wood chips to fuel biomass power plants. Export to address shortage of biomass fuel in Europe, used to reduce greenhouse gas emission from coal consumption, through co-firing in existing “The most predictable economic transition in history”July 05, 2011John Morton, OPIC Vice President for Investment Policy, spoke on a panel at the Asia Clean Energy Forum in Manila last month, where he called the ongoing shift to cleaner forms of energy “the most predictable economic transition in history,” and outlined how OPIC helped catalyze private sector investment and minimize risk. The conference focused on the ways businesses, policy makers and “Investment – not just assistance” for the Middle East and North AfricaJuly 01, 2011Just like in the United States, small businesses are the backbone of the economies of the Middle East and North Africa (MENA), and a strong private sector is vital for increased employment and economic growth. And as President Obama stated in his recent speech about the region, “though these countries may be a great distance from our shores, we know |
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