The G7 DFIs committed to the 2X Challenge to mobilize $3 billion in business activities that will help advance women's economic empowerment around the world.
YES Bank, an OPIC partner and India's fourth largest bank, was recently named Best Bank in India for Small and Medium-sized Enterprises by Asiamoney, recognized for key initiatives around women-owned enterprises.
OPIC President and CEO Ray W. Washburne issued a statement after the passage of the BUILD Act by the Senate Foreign Relations Committee. The BUILD Act will consolidate and modernize U.S. Government development finance functions.
OPIC Board of Directors approved $1.8 billion to development projects across four continents, advancing the 2X Women's Initiative as well as the Northern Triangle Initiative.
Under an OPIC loan guaranty agreement with India's IndusInd Bank, $5 million in financing has been mobilized to Grameen Impact, which will make loans to high impact social enterprises in India.
OPIC President and CEO Ray W. Washburne issued a statement in response to the inclusion of a new development finance institution in the administration's government reform and modernization plan.
OPIC is hosting a seminar on August 16th in Indianapolis for small businesses expanding into emerging markets.