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Press release: Three leading development finance institutions sign loan agreement to support capital markets and high impact sectors in Africa
Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members today signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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US govt’s OPIC commits $12.5 m loan for clean drinking water in India
“This project offers an innovative approach to making safe water more available and affordable and illustrates how businesses can develop new solutions to long standing global challenges,” said Ray W Washburne, President and CEO, OPIC.
- Categories
- WASH
- Region
- South Asia
- Tags
- global development, Global Goals, OPIC, sanitation, SDGs, WASH, water
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Press release: OPIC loan to expand access to clean water in India
“This project offers an innovative approach to making safe water more available and affordable and illustrates how businesses can develop new solutions to longstanding global challenges,” said Ray W. Washburne, OPIC President and CEO. “By increasing access to clean water, the project will improve the health and quality of life for millions of Indians, particularly women who typically have the primary responsibility for obtaining and managing the household water supply.”
- Categories
- Health Care, WASH
- Region
- South Asia
- Tags
- global development, Global Goals, global health, India, OPIC, sanitation, SDGs, WASH, water
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Empowering OPIC: Why the U.S. Should Embrace Development Finance and Harness the Power of Impact Investing
The Overseas Private Investment Corporation (OPIC) supports projects in nearly 100 countries around the world, leveraging limited public investment to attract billions of dollars in private capital. And for 39 consecutive years, it has returned money to the Treasury, reducing the deficit by $2.6 billion over the past eight years alone. Yet it remains constrained in the types of investments it can make. Fran Seegull urges the U.S. to let OPIC better harness the momentum of impact investing.
- Categories
- Investing
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New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.
- Categories
- Entrepreneurship
- Region
- Asia Pacific
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OPIC Grants USD$5million to Venture Capital Group in Emerging Markets
The U.S. government’s development finance institution, the Overseas Private Investment Corporation (OPIC) has announced $5 million financing to support Unreasonable Capital Fund. Elizabeth L. Littlefield, OPIC’s President and CEO said, “OPIC is delighted to support Unreasonable Capital as the fund invests across several regions and in a variety of sectors, from energy access to financial technology, that will have a positive development impact.”
- Categories
- Impact Assessment
- Region
- Sub-Saharan Africa
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OPIC Announces $3.7 Billion in New Commitments for FY2016
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today announced $3.7 billion in financing and insurance commitments during Fiscal Year 2016 to support economic development in emerging markets. OPIC’s portfolio reached a record-setting $21.5 billion across 100 developing countries and the Agency marked the 39th year of achieving its mission at no net cost to taxpayers.
- Categories
- Uncategorized
- Region
- North America
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