It's been 13 years since the term BRIC was coined to refer to the four developing countries enjoying strong economic growth. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing world is increasingly seen as the norm rather than the exception.Learn more
OPIC Vice President Michael Whalen wrote about Africa's energy deficit in Project Finance International's 2014 Yearbook, where he said that an improving investment climate and the U.S. Power Africa initiative have created momentum for increased electrification "after years of missed opportunities."Learn more
This featured photo shows hot steam transmitted by pipeline at the Ormat geothermal plant in Kenya, which was expanded with the support of OPIC financing, and is a major source of renewable energy in the country. OPIC has long supported projects to boost electricity generation in Africa and will play a key role in the U.S. Power Africa initiative. Learn more
OPIC, along with Deutsche Bank, announced its commitment to the $100 million Global Commercial Microfinance Consortium II, a fund supporting the growth of microfinance institutions that pursue a high level of client care, transparency of operations and pricing as well as product innovation.Learn more
A decade ago, Algeria's capital city of Algiers was suffering a severe shortage of clean drinking water. The solution came in the form of a public-private partnership involving the Algerian government, a Massachusetts business, and OPIC. Learn more
Between 2008 and 2012, OPIC supported $2.4 billion in impact investments. A recent blog post featured on the Stanford Social Innovation Review outlines the process OPIC adopted for identifying impact investments and creating financial tools to support the strategy. Learn more
