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May 14, 2020 EXIM Board Unanimously Approves Amended Financing of U.S. Exports to Mozambique LNG Project and Support of More U.S. Jobs in Additional States $4.7 Billion Loan Will Now Support 16,700 American Jobs and Nearly Double Number of Identified U.S. Suppliers WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) today unanimously voted to amend the agency’s previously approved September 2019... Ex-Im Bank more...
Mar 12, 2020 DFC Approves Nearly $900 Million for Global Development Projects First projects approved by DFC’s Board of Directors will address critical needs in Africa, Indo-Pacific, and Latin America WASHINGTON – The Board of Directors of U.S. International Development Finance Corporation (DFC) today approved $881 million in financing and political risk insurance... DFC more...
Feb 20, 2020 EXIM Board Approves $18 Million Loan Guarantee to Support Export of Oil and Gas Services Equipment to Argentina EXIM Financing Will Support Estimated 100 U.S. Jobs at Small Businesses in Colorado, Pennsylvania, and Texas; Board Members also Review Ongoing Small Business Enhancements Washington, D.C. – Today, the Export-Import Bank of the United States (EXIM) Board of Directors unanimously... Ex-Im Bank more...
Nov 5, 2019 OPIC to Support World’s Longest Subsea Telecommunications Cable Infrastructure will improve digital connectivity and embrace high-quality standards across Southeast Asia and the Pacific BANGKOK — The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced that it plans to work with Trans... OPIC more...
Nov 4, 2019 EXIM Announces Reciprocal Co-Financing Agreement with Japan's NEXI Bangkok – The Export-Import Bank of the United States (EXIM) and Nippon Export and Investment Insurance of Japan (NEXI) announced today that they have completed a reciprocal co-financing agreement. EXIM and NEXI are the export credit agencies (ECAs) of the United States and Japan, respectively.... Ex-Im Bank more...
Oct 4, 2019 USTDA Produces Unprecedented Amount of U.S. Exports Arlington, VA – Today, the U.S. Trade and Development Agency announced a record-breaking return on investment since the Agency was created in 1992. Far exceeding results from previous years, USTDA is generating $111 in U.S. exports for every dollar invested in infrastructure projects in... USTDA more...
Sep 6, 2019 OPIC Commits Additional $500 Million for Women’s Economic Empowerment in Latin America ASUNCIÓN — David Bohigian, Acting President and CEO of the Overseas Private Investment Corporation (OPIC), today joined President of Paraguay Mario Abdo Benítez to announce that OPIC has surpassed initial targets to mobilize $500 million to women in Latin America through its 2X Americas... OPIC more...
Sep 5, 2019 OPIC Announces Financing for Road Infrastructure in Argentina BUENOS AIRES – The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that its Board of Directors has voted to approve $400 million in financing to rehabilitate and expand the Corredor C Toll Road, an essential trade route... OPIC more...
Sep 4, 2019 USTDA Supports LNG Importation and Distribution in Guinea CONAKRY, Guinea – The U.S. Trade and Development Agency (USTDA) today announced a grant to West Africa LNG Group Guinea SA (WA-LNG) for a feasibility study to assess the economic, financial and technical viability of a liquefied natural gas (LNG) receiving terminal and distribution network near... USTDA more...
Aug 22, 2019 EXIM Board Votes to Notify Congress of Proposed $5 Billion Financing to Support U.S. Exports to Mozambique LNG Project EXIM Financing Could Support an Estimated 16,400 American Jobs Washington, D.C. – The board of directors of the Export-Import Bank of the United States (EXIM) today voted to notify the U.S. Congress, pursuant to the EXIM charter, of its consideration of a $5 billion direct loan to... Ex-Im Bank more...
Jul 19, 2019 Headphone Company Creates Pennsylvania Jobs Using EXIM Export Credit Insurance Washington, D.C. – An entrepreneurial couple from Pennsylvania grew their small business from a kitchen-table operation into an award-winning company with 27 employees whose jobs are supported by international sales backed by the export credit insurance of Export-Import Bank of the United... Ex-Im Bank more...
Jul 18, 2019 EXIM Supports Exports of Wabtec Locomotives from Erie, Pennsylvania, to Cameroon Washington, D.C. – Wabtec Corporation is selling four diesel-electric locomotives to Cameroon Railways (Camrail) in Cameroon with the backing of a total of $13 million in loan guarantees from the Export-Import Bank of the United States (EXIM). Two EXIM medium-term guarantees, approved in... Ex-Im Bank more...
Jul 17, 2019 Energy-Industry Small Business Adds Jobs in Texas and Louisiana with EXIM Insurance and Working Capital Support Washington, D.C. – Mid-South Control Line, a small business in the oil and gas industry headquartered in Marrero, Louisiana, is benefiting from the support of the Export-Import Bank of the United States (EXIM) to expand its international sales to energy customers in 37 countries. Since the... Ex-Im Bank more...
Jul 16, 2019 EXIM-Insured Exports Spur Michigan Dried Fruit Manufacturer's Steady Growth, Saving U.S. Jobs Washington, D.C. – Michigan-based dried fruit company, Graceland Fruit Inc., was able to save the jobs of workers in the Midwest and grow into international markets with the help of export credit insurance from the Export-Import Bank of the United States (EXIM). All week long, as part of... Ex-Im Bank more...
Jul 15, 2019 Arizona Manufacturer Uses EXIM-Backed Working Capital to Support Local Jobs with Global Sales Washington, D.C. – With a highly skilled workforce delivering precision-machined parts worldwide, Competitive Engineering Inc. (CEI) in Tucson, Arizona, has leveraged support from the Export-Import Bank of the United States (EXIM) to expand its international sales and sustain and create local... Ex-Im Bank more...
May 1, 2019 Ohio Small Business Wins SBA’s 2019 Exporter of the Year Award EarthQuaker Devices distributes to 47 countries worldwide WASHINGTON – EarthQuaker Devices has been named 2019 Small Business Exporter of the Year by the U.S. Small Business Administration (SBA). The Akron, Ohio-based company will be officially recognized during National Small Business... SBA more...
Feb 27, 2019 OPIC Approves Financing and Insurance for Texas Energy Company to Develop Oil and Gas Fields in Oman Project will create jobs and advance development in Musandam, Oman. Investment strengthens U.S. business presence in a region critical to American foreign policy WASHINGTON – The Overseas Private Investment Corporation (OPIC) has approved financing and insurance to PetroTel of... OPIC more...
Feb 19, 2019 OPIC Provides Initial Financing to SunFunder's Solar Energy Transformation Fund to Expand Access to Beyond the Grid Solar Project advances OPIC’s 2X Women’s Initiative OPIC financing mobilizes additional capital WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85... OPIC more...
Feb 19, 2019 USTDA Supports Port Cybersecurity in the Dominican Republic SANTO DOMINGO, Dominican Republic — Last week, the U.S. Trade and Development Agency awarded a technical assistance grant to Fundación Ramon E. Mella (FRM), a maritime and port organization in the Dominican Republic. The grant will support the development of a national cybersecurity risk... USTDA more...
Feb 7, 2019 USTDA Supports ICT Access in the Philippines, Creating Opportunities for U.S. Companies Manila, Philippines – Today, the U.S. Trade and Development Agency awarded a grant to the Philippines Department of Information and Communications Technology (DICT) to support implementation of the Philippines National Broadband Network Project. The grant will fund technical assistance to help... USTDA more...
Jan 28, 2019 EXIM Creates Short-Term Financing Facility To Support Multiple Exports of Honda Aircraft Company’s HondaJet Washington, D.C. – The Export-Import Bank of the United States (EXIM) has launched an innovative financing facility to support multiple exports of U.S.-made HondaJet business aircraft that will support manufacturing jobs at Honda Aircraft Company in Greensboro, North Carolina. Under the $5... Ex-Im Bank more...
Nov 9, 2018 OPIC Backs African Cellular Communications Company with $100m Loan JOHANNESBURG, SOUTH AFRICA – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Africell Holdings Limited today signed a commitment letter for $100 million to expand access to telecommunications in Africa. The project is expected to... OPIC more...
Nov 8, 2018 OPIC and Liberty Mutual Insurance Launch $1 Billion Agreement to Catalyze Private Sector Investment in the Developing World New and innovative co-investment platform is a historic first for OPIC Liberty Agreement advances OPIC’s financing capacity by de-risking projects that deliver consistent financial returns and achieve important development goals BOSTON - Today, the Overseas Private Investment... OPIC more...
Oct 25, 2018 OPIC Loan to Kiva Supports Almost 100,000 Microloans to Developing Country Borrowers SAN FRANCISCO - The Overseas Private Investment Corporation (OPIC) announced Thursday at the Social Capital Markets conference that its financing to Kiva Microfunds has supported 98,137 microloans to 207,227 small business borrowers, across 30 countries. The majority of the borrowers – 81... OPIC more...
Oct 25, 2018 USTDA Supports Energy Infrastructure in Egypt Creating Market Access for U.S. Companies Cairo, Egypt – As part of this week’s U.S. Business Mission to Egypt, USTDA’s Acting Director, Thomas R. Hardy, met with Egyptian Ministers such as Minister of Petroleum and Natural Resources Tarek El Molla and with the more than 40 U.S. companies on the Business Mission, who are all... USTDA more...
Oct 24, 2018 OPIC Launches Venture Capital Program with Financing to India-focused Iron Pillar New venture capital program to invest in later stage venture funds supporting developing economies Focus on driving venture investments to emerging markets Fund will support entrepreneurs and small businesses in tech-enabled sectors including healthcare, education, financial... OPIC more...
Oct 22, 2018 OPIC Commits $125 Million through Greater Pacific Capital to Expand Access to Capital for Medium-Sized Companies in India LONDON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a $125 million commitment with Greater Pacific Capital (GPC) to support growth capital to medium-sized companies in India. OPIC Counselor to the President Frank... OPIC more...
Oct 16, 2018 OPIC Provides Financing to Support Small Business Lending in Kazakhstan WASHINGTON D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided $14.65 million in financing to Kazakhstan’s Tengri Bank JSC, to support the expansion of small business lending in the country. In addition to... OPIC more...
Oct 5, 2018 OPIC Launches Venture Capital Program with Financing to India-focused Iron Pillar New venture capital program to invest in later stage venture funds supporting developing economies Focus on supporting entrepreneurs and small businesses in tech-enabled sectors including healthcare, education, financial services, agriculture, and energy services Emphasis on... OPIC more...
Oct 2, 2018 DB Invest and OPIC Launch First Gender Lens Investment Fund for Latin America and the Caribbean Buenos Aires – IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, and the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced today an alliance for the creation of the first gender-focused... OPIC more...
Oct 1, 2018 USTDA Supports Wind Energy Development in Zambia, Creating Opportunities for U.S. Industry Arlington, VA – The U.S. Trade and Development Agency awarded a $1.15 million grant to Globeleq Zambia Wind Limited (Globeleq) for a feasibility study for an estimated 100-megawatt wind power plant in the Muchinga Province of Zambia. The study will be carried out by U.S. engineering firm, DNV... USTDA more...
Sep 27, 2018 USTDA and Greater Amman Municipality Partner to Advance ‘Smart Cities’ in Jordan and Connect U.S. Companies to New Opportunities Arlington, VA - The U.S. Trade and Development Agency (USTDA) signed a nearly $900,000 grant Monday, advancing smart city development in Amman, Jordan in partnership with the Greater Amman Municipality (GAM). USTDA is funding technical assistance to develop a comprehensive ten-year Smart City... USTDA more...
Sep 26, 2018 OPIC and Standard Bank Group Announce $125 Million Loan Guaranty for Botswana's Local Cutting and Polishing Industry Loan to support economic expansion and job creation New York, NY / Gaborone, Botswana – Stanbic Bank Botswana, a member of Standard Bank Group; the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution; and Botswana Finance LLC, a... OPIC more...
Sep 26, 2018 USTDA Supports LNG Infrastructure in Morocco, Creates Market Opportunities for U.S. Companies Arlington, VA – The U.S. Trade and Development Agency awarded a grant to Morocco’s Ministry of Energy, Mines and Sustainable Development, supporting a feasibility study to evaluate infrastructure related to LNG import and the utilization of natural gas in Morocco. The U.S. firm, Lixia... USTDA more...
Sep 25, 2018 OPIC Commits $25 Million through SunFunder to Expand Access to Off-Grid Power in Africa and Asia WASHINGTON D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $25 million in financing to the Solar Energy Transformation Fund LLC, which will provide loans to companies developing off-grid solar products and... OPIC more...
Sep 25, 2018 USTDA Supports Water Reuse in Brazil While Connecting U.S. Companies to Project Opportunities CURITIBA, BRAZIL – The U.S. Trade and Development Agency awarded a grant to Companhia de Saneamento do Paraná (SANEPAR), a water utility in the Brazilian State of Paraná, supporting the development of a water reuse facility. The feasibility study will identify initial plant requirements... USTDA more...
Sep 24, 2018 USTDA Supports India’s Aviation Sector, While Connecting U.S. Industry to Opportunities New Delhi, India – The U.S. Trade and Development Agency awarded a grant to Rajiv Gandhi National Aviation University (RGNAU), an Indian public university dedicated to aviation, to launch an Executive Development Training Program (EDTP). Working alongside the U.S.-India Aviation Cooperation... USTDA more...
Sep 24, 2018 USTDA Supports Virtual Pipeline Project in Nigeria, Creating Opportunities for U.S. Businesses ARLINGTON, VA – This week, the U.S. Trade and Development Agency signed a grant for a feasibility study to evaluate the viability of converting associated (flare) gas to compressed natural gas (CNG) and delivering CNG to customers via a virtual pipeline operation in Nigeria. The grantee is... USTDA more...
Sep 24, 2018 USTDA Advances Energy Infrastructure in Egypt, While Connecting U.S. Companies to New Opportunities Arlington, VA – Today, the U.S. Trade and Development Agency awarded a grant to Benchmark Power International SAE (BPI), an Egyptian independent power developer, supporting the development of a combined cycle gas turbine power plant at Tawerat, Egypt. USTDA’s grant funds a feasibility study... USTDA more...
Sep 13, 2018 OPIC Board Approves Nearly $900 Million to Development Projects in Africa, Asia and Latin America WASHINGTON D.C. – The Overseas Private Investment Corporation (OPIC) on Thursday approved $895 million in financing and political risk insurance across seven projects that will advance development in Africa, Asia and Latin America by expanding access to energy, healthcare, financial services... OPIC more...
Aug 31, 2018 OPIC and IFC Sign Memorandum of Understanding to Promote Resource Efficiency in Building Projects in Emerging Markets WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) and the International Finance Corporation (IFC) on Thursday signed a memorandum of understanding to collaborate on the promotion of resource efficiency in building construction projects. Under the agreement, OPIC, the... OPIC more...
Aug 14, 2018 OPIC Leads Delegation to Promote U.S. Investment in Armenia YEREVAN, ARMENIA – Executive Vice President of the U.S. government’s Overseas Private Investment Corporation (OPIC) David Bohigian and other U.S. government officials traveled to Yerevan to promote U.S. investment in Armenia.; The delegation met with senior government officials, business... OPIC more...
Aug 7, 2018 USTDA Partners with Government of the Dominican Republic to Promote Value-Based Procurement Santo Domingo, Dominican Republic – Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Dirección General de Contrataciones Públicas (DGCP) of the Government of the Dominican Republic, formalizing their partnership under the Global Procurement... USTDA more...
Jul 31, 2018 OPIC Provides Loan to Support Small Business Lending and Transportation in Uganda WASHINGTON – The Overseas Private Investment Corporation (OPIC) has provided a $5 million loan to Tugende Limited, which supports small business lending and expanded transportation in Uganda by providing lease-to-own financing to motorcycle taxi drivers. Tugende is a six-year-old business... OPIC more...
Jul 31, 2018 USTDA Connects U.S. Companies to Cybersecurity Opportunities in Brazil CURITIBA, BRAZIL – Today, the U.S. Trade and Development Agency awarded a grant to Copel Geração e Transmissão S.A. (Copel), an electricity generation and transmission company in the State of Paraná, supporting the development of a cybersecurity needs assessment and implementation plan.... USTDA more...
Jul 30, 2018 US-Japan-Australia Announce Trilateral Partnership for Indo-Pacific Infrastructure Investment WASHINGTON – Today at the Indo-Pacific Business Forum, hosted by the U.S. Chamber of Commerce, leaders from the U.S.’s Overseas Private Investment Corporation, the Japan Bank for International Cooperation (JBIC), and the Australian government announced a trilateral partnership to invest in... OPIC more...
Jul 30, 2018 USTDA Connects U.S. Industry to Energy Opportunities in India Washington, D.C. – Today, the U.S. Trade and Development Agency signed a grant supporting technical design and project planning work for a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh, India. The grantee is IL&FS Energy Development Company Limited (IEDCL), a... USTDA more...
Jul 30, 2018 USTDA Partners with Japan’s Ministry of Economy, Trade and Industry on LNG Infrastructure Development in Indo-Pacific Washington, D.C. – Today, the U.S. Trade and Development Agency announced cooperation with Japan’s Ministry of Economy, Trade and Industry (METI) on the Liquified Natural Gas (LNG) Value Chain and Natural Gas Cooperation Training Program. The program will support LNG infrastructure... USTDA more...
Jul 21, 2018 OPIC President and CEO Highlights U.S. Investments in Uganda KAMPALA, Uganda - Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne today visited Uganda where he met with Prime Minister Ruhakana Rugunda and Minister of Finance Matia Kasaija to discuss investment opportunities to advance development in the... OPIC more...
Jul 21, 2018 OPIC President and CEO Highlights U.S. Investments in Kenya Nairobi, Kenya - Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne today visited Kenya to explore investment opportunities, meet with government officials and visit some of the projects OPIC has supported in the country. Kenya is the final stop... OPIC more...
Jul 18, 2018 OPIC Reaffirms Commitment to Colombia and Latin America BOGOTA, Colombia - The Overseas Private Investment Corporation (OPIC) on Tuesday reaffirmed its commitment to investing in development in Latin America. “Latin America is a longstanding OPIC priority and Colombia is a key part of our strategy to invest more across the region,” said OPIC... OPIC more...
Jul 18, 2018 OPIC President and CEO Visits South Africa to Promote American Investment JOHANNESBURG, SOUTH AFRICA - Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne visited South Africa this week where he met with local banks to discuss investment opportunities to advance development in the country and highlight OPIC-supported... OPIC more...
Jul 18, 2018 OPIC President and CEO Highlights American Investments in Botswana Gabarone, Botswana - Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne today visited Botswana, where he met with local banks to discuss investment opportunities to advance development in the country, and visited OPIC-supported projects.... OPIC more...
Jul 17, 2018 OPIC Commits Up to $50 Million to Low and Middle-income Housing in Colombia WASHINGTON - The Overseas Private Investment Corporation (OPIC) has committed up to $50 million to Avenida Capital’s Colombia Real Estate Fund II (CREF II) to support the development of low and middle-income housing and sustainable commercial and mixed-use projects in urban parts of Colombia.... OPIC more...
Jul 17, 2018 OPIC Convenes First Trilateral Meeting to Promote Infrastructure Investment Collaboration During Visit to Southeast Asia Discuss collaboration on infrastructure projects with long-term benefits to the Indo-Pacific that are transparent, sustainable and adhere to high global standards SINGAPORE – The US government’s Overseas Private Investment Corporation (OPIC) Executive Vice President David Bohigian... OPIC more...
Jul 10, 2018 OPIC President and CEO Highlights U.S. Investments in Zambia Tours Zambia’s first utility scale solar power facility supported by OPIC financing Lusaka, Zambia - Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne today traveled to Zambia where he toured Zambia’s first utility scale solar... OPIC more...
Jul 5, 2018 USTDA Expands Partnership with Ghana and Creates Market Access for U.S. Businesses Accra, Ghana- Today, the U.S. Trade and Development Agency awarded a grant to Ghana’s Ministry of Energy, providing a feasibility study to help expand energy access to approximately 67 communities in Afram Plains South. USTDA and the government of Ghana would aim to use the Export-Import Bank... USTDA more...
Jul 2, 2018 OPIC Launches Connect Africa Initiative to Invest More Than $1 Billion Supporting Infrastructure, Communications, and Value Chain Connectivity WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched its Connect Africa initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in... OPIC more...
Jul 2, 2018 Indonesia’s President Inaugurates OPIC Supported 75MW Wind Farm SULAWESI, INDONESIA – At a ribbon cutting ceremony, President of Indonesia Joko Widodo, today inaugurated the country’s first wind power project in Sulawesi, Indonesia. The project, supported by $120 million of financing from the Overseas Private Investment Corporation (OPIC) in collaboration... OPIC more...
Jul 2, 2018 USTDA Announces Re-Opening in Côte d’Ivoire to Support Ivoirian Economy and Infrastructure Development Abidjan, Côte d’Ivoire- Today, the U.S. Trade and Development Agency (USTDA) announced awards for three grants and two study tours to the United States to support infrastructure development in Côte d’Ivoire. USTDA’s support includes: A $996,238 grant for Société des... USTDA more...
Jul 2, 2018 USTDA Expands Procurement Partnerships in Africa Abidjan, Côte d’Ivoire- Today the U.S. Trade and Development Agency signed a memorandum of understanding (MOU) with the African Development Bank (AfDB) agreeing to partner under USTDA’s Global Procurement Initiative: Understanding Best Value (GPI). The MOU signifies the commitment of... USTDA more...
Jun 30, 2018 EXIM Anticipates Seeking Authorization for Financing of U.S. Exports to Egypt’s Tahrir Petrochemicals Complex Cairo, Egypt – Today an executive of the Export-Import Bank of the United States (EXIM) announced that EXIM anticipates seeking authorization of up $1.8 billion in financing to support sales of U.S. exports for the construction of the Tahrir Petrochemicals Complex (TPC) in Egypt. At a... Ex-Im Bank more...
Jun 28, 2018 OPIC and U.S. Department of Energy announce “Partnership to Power the Americas” U.S. government agencies announce joint initiative for energy development in Latin America Focus on driving regional economic security while promoting American expertise and technology WASHINGTON, DC – The Overseas Private Investment Corporation (OPIC) and U.S. Department of Energy... OPIC more...
Jun 28, 2018 USTDA Connects U.S. Businesses to Energy Opportunities in Kenya Nairobi, Kenya—Today, the U.S. Trade and Development Agency awarded a grant to the Kenya Tea Development Agency Power (KTDA Power) Company Limited, the power generation company of one of the largest private tea management agencies in Kenya. As one of the world’s largest exporters of black... USTDA more...
Jun 26, 2018 USTDA Supports Aviation in Ethiopia, Creating New Opportunities for U.S. Businesse Addis Ababa – The U.S. Trade and Development Agency signed a grant with Ethiopian Airlines Enterprise providing technical assistance including training for airline management and staff on a range of software, hardware, data analytics, services and best practices. The grant supports... USTDA more...
Jun 26, 2018 USTDA Supports Health Care in Uganda, and Creates Opportunities for U.S. Businesses Entebbe, Uganda—The U.S. Trade and Development Agency signed a grant today with the Uganda Ministry of Health supporting radiotherapy training workshops for cancer treatment professionals at the Uganda Cancer Institute (UCI). The training is in partnership with Varian a California-based cancer... USTDA more...
Jun 14, 2018 OPIC Board Approves $1.8 Billion to Development Projects Across Four Continents WASHINGTON, D.C. - The Overseas Private Investment Corporation (OPIC) on Thursday approved $1.8 billion in financing and political risk insurance for multiple projects that will advance development in Latin America, Eastern Europe, Asia and Africa. OPIC, the U.S. Government’s development... OPIC more...
Jun 14, 2018 USTDA Advances Natural Gas Distribution in South Africa Through U.S. Solutions CAPE TOWN, SOUTH AFRICA – The U.S. Trade and Development Agency awarded a grant to the City of Cape Town for a feasibility study to assess the viability of a natural gas distribution network in Cape Town and usage options for the gas. The gas distribution network would take advantage of... USTDA more...
Jun 11, 2018 OPIC Provides $5 Million in Financing to Grameen Impact Investments India WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) announced that $5 million in local currency financing has been mobilized to Grameen Impact under an OPIC loan guaranty agreement with India’s IndusInd Bank. The financing was deployed through IndusInd’s Impact Investing... OPIC more...
Jun 9, 2018 G7 DFIs Announce ‘2X Challenge’ to Mobilize $3 billion to Invest in the World’s Women QUEBEC CITY, QUEBEC – A major new commitment was announced today by the development finance institutions (DFI) of the G7 to mobilize $3 billion by 2020 for investment in business activities that will benefit women. The 2X Challenge: Financing for Women (‘2X Challenge’), is an ambitious... OPIC more...
May 25, 2018 USTDA Connects U.S. Businesses to Telecom Opportunities in Brazil João Pessoa, BRAZIL – The U.S. Trade and Development Agency awarded a grant to the Paraíba State Data Processing Company (CODATA) supporting broadband network expansion and information and communications technologies upgrades in Paraíba. The technical assistance will help increase broadband... USTDA more...
May 24, 2018 Washington State Small Business Exports Grain Storage System to Cambodia Backed by EXIM Loan Guarantee First EXIM term financing of U.S. exports to the private sector in Cambodia Washington, D.C. – SCAFCO Grain Systems Co., a small-business manufacturer of agricultural equipment in Spokane, Washington, is benefiting from buyer term financing from the Export-Import Bank of the United... Ex-Im Bank more...
May 24, 2018 OPIC Signs Commitment with European Development Finance Institutions to Support Development and Private Sector Growth COLOGNE, GERMANY – Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Executive Vice President David Bohigian and Association of European Development Finance Institutions Chairman Nanno Kleiterp today signed a Memorandum of Understanding... OPIC more...
May 22, 2018 OPIC Loan to Support Expansion of Development-Focused Technology Business WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has committed a $10 million loan to Dimagi, Inc., a Cambridge, Massachusetts technology company that builds mobile solutions to improve the quality and efficiency of global development programs. The loan will support... OPIC more...
May 22, 2018 USTDA Connects U.S. Companies to Energy Opportunities in Brazil RIO DE JANEIRO, BRAZIL – The U.S. Trade and Development Agency awarded a grant to Pacto Geração Distribruida (Pacto GD) a private energy supplier, to conduct a feasibility study assessing the viability of employing a joint energy storage system and solar photovoltaic energy generation in the... USTDA more...
May 21, 2018 U.S. Secretary of Commerce Kicks Off World Trade Week by Honoring U.S. Firms with Presidential Export Award 43 Companies Receive Highest Honor for Export Success Today, at the 2018 President’s “E” Awards ceremony, Secretary of Commerce Wilbur Ross honored 43 U.S. companies and organizations that export U.S. goods and services. Companies representing 18 states were recognized as part of the... ITA more...
May 17, 2018 OPIC CEO Signs Commitment with Republic of Uzbekistan Supporting Investment in Emerging Markets WASHINGTON, D.C. – Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Executive Vice President David Bohigian and Uzbek Deputy Prime Minister Sukhrob Kholmuradov today signed a Memorandum of Understanding (MOU) highlighting their commitment... OPIC more...
May 16, 2018 EXIM Signs Memorandum of Understanding with the National Bank of Uzbekistan Washington, D.C. – Today the Export-Import Bank of the United States (EXIM) entered into a memorandum of understanding (MOU) with the National Bank for Foreign Economic Activity of the Republic of Uzbekistan (National Bank of Uzbekistan) to increase trade and economic cooperation between the... Ex-Im Bank more...
May 11, 2018 USTDA Enhances U.S. Commercial and Economic Cooperation with India Nearly $300 Million in Multiple Commercial Contract Signings Concluded Mumbai, India – This week, Thomas R. Hardy, Director of Congressional and Public Affairs, wrapped up a week-long visit to India where he met with high-level public and private sector decision-makers to discuss... USTDA more...
Apr 25, 2018 USTDA Partners with the State of Maharashtra, India to Promote Value-Based Procurement Mumbai, India – Today, the U.S. Trade and Development Agency launched a three-day training workshop in partnership with the State of Maharashtra in India under the Global Procurement Initiative: Understanding Best Value (GPI). The GPI workshop will provide over 100 local procurement officials... USTDA more...
Apr 19, 2018 Florida Small Business Wins SBA’s 2018 Exporter of the Year Award WASHINGTON – SeaDek has been named 2018 Small Business Exporter of the Year by the U.S. Small Business Administration. The Rockledge, Florida-based company will be officially recognized during National Small Business Week, an annual event honoring the accomplishments and contributions of the... SBA more...
Apr 18, 2018 SBA Recognizes Export Lenders Citibank and Byline Bank WASHINGTON – The U.S. Small Business Administration today honored Citibank and Byline Bank as the 2018 SBA Export Lenders of the Year, respectively, for large and small lending institutions during a ceremony at the 11th annual SBA Export Lender Roundtable in Washington, D.C. Citibank Senior... SBA more...
Apr 17, 2018 OPIC Loan to Support Manufacture of Affordable, Durable Cars in Africa WASHINGTON, D.C. - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has disbursed a $5 million loan to Mobius Motors Kenya Limited, which manufactures vehicles in Africa designed for Africa’s roads and drivers. Mobius, the only... OPIC more...
Apr 12, 2018 EXIM Bank Announces Small Business Award Winners Small businesses in Tennessee and South Carolina, Texas lender, Louisiana broker, and California trade agency to be recognized at 2018 Annual Conference Washington, D.C. – In recognition of their outstanding contributions to supporting U.S. jobs through exports, the Export-Import Bank of... Ex-Im Bank more...
Apr 12, 2018 Three Leading Development Finance Institutions Sign Loan Agreement to Support Capital Markets and High Impact Sectors in Africa US Overseas Private Investment Corporation (OPIC), the African Development Bank, and KfW support to African Local Currency Bond (ALCB) Fund to focus on housing, microlending, and agriculture projects Frankfurt, Germany – Overseas Private Investment Corporation (OPIC), the African... OPIC more...
Mar 29, 2018 EXIM Bank Announces Landmark Risk-Sharing Program With Private-Sector Reinsurers Innovative risk-sharing program fulfills EXIM’s charter by working with the private sector to minimize risk of losses and protect U.S. taxpayers Washington, D.C. – The Export-Import Bank of the United States (EXIM) announced the launch of a groundbreaking reinsurance program that works... Ex-Im Bank more...
Mar 28, 2018 USTDA Supports Wind Energy in Mozambique Through U.S. Solutions MAPUTO, MOZAMBIQUE – Today, the U.S. Trade and Development Agency awarded a grant to eleQtra (Moçambique) Limitada for a feasibility study to assess the viability of a 120 megawatt (MW) wind power plant to be developed in two phases of 60 MW each, located in the Namaacha District in southern... USTDA more...
Mar 20, 2018 OPIC Loan to Expand Access to Clean Water in India Project offers safe drinking water at one-fourth the cost of bottled water Advances OPIC's 2X Women's Initiative to invest in the world's women Helps women find employment under the company's Women Operated Water systems (WOW) program WASHINGTON, D.C. - The Overseas Private... OPIC more...
Mar 7, 2018 OPIC Unveils 2X Women's Initiative to Mobilize More Than $1 Billion to Invest in the World's Women WASHINGTON, D.C. - The Overseas Private Investment Corporation (OPIC) today unveiled its global 2X Women’s Initiative, which will mobilize more than $1 billion to projects that support women in developing countries, unlocking the multi-trillion dollar investment opportunity women represent. The... OPIC more...
Mar 6, 2018 USTDA Connects U.S. Industry with Energy and Technology Opportunities in India DELHI, India – At India Smart Grid Week (ISGW), the U.S. Trade and Development Agency signed a grant supporting U.S.-India collaboration on smart grid development. USTDA is working with long-time partner Tata Power Delhi Distribution Limited (Tata Power DDL), a public-private electricity... USTDA more...
Mar 1, 2018 OPIC Commitments to Power Africa have Reached $2.4 Billion to Date WASHINGTON, D.C. – The Overseas Private Investment Corporation announced this week it has committed $2.4 billion to date to the U.S. Power Africa initiative to harness the resources of the private sector to bring more electricity to Africa. OPIC’s commitments include loans, guaranties... OPIC more...
Feb 14, 2018 Innovative OPIC Political Risk Insurance Product Facilitates Ukraine’s First Access to U.S. Capital Markets WASHINGTON – Today, the Overseas Private Investment Corporation (OPIC) joined the signing ceremony to mark the closing of a $250 million political risk insurance contract for the Central Spent Nuclear Fuel Storage Facility Project that will bolster energy independence in Ukraine. OPIC, the... OPIC more...
Feb 13, 2018 EXIM Signs Memorandum of Understanding with Iraq’s Ministry of Finance Kuwait City, Kuwait – Today the Export-Import Bank of the United States (EXIM) entered into a memorandum of understanding (MOU) with Iraq’s Ministry of Finance aimed at rebuilding Iraq and enhancing trade and economic cooperation between the two countries. EXIM’s Acting Vice Chairman... Ex-Im Bank more...
Jan 26, 2018 USTDA Connects U.S. Industry to Smart Cities Opportunities in Vietnam Ho Chi Minh City, Vietnam – Today, the U.S. Trade and Development Agency awarded a grant to the People’s Committee of Ho Chi Minh City, Department of Information and Communications. The grant provides technical assistance supporting the development of Ho Chi Minh City’s Integrated Emergency... USTDA more...
Jan 17, 2018 OPIC CEO and Kazakh Invest Sign Memorandum of Cooperation Supporting up to $500 Million in Investment Washington, D.C. – Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, President and Chief Executive Officer Ray W. Washburne today signed a Memorandum of Cooperation with Kazakh Invest Chairman Saparbek Tuyakbayev to help support U.S.... OPIC more...
Dec 19, 2017 OPIC Announces $3.8 Billion in New Commitments in Fiscal Year 2017 Agency marks 40th straight year operating at no net cost to taxpayers, generating income for deficit reduction. Global portfolio reaches a record $23.2 billion. Strong focus on investing in women, U.S. foreign policy, and American business. WASHINGTON – The... OPIC more...
Dec 15, 2017 USTDA Advances Aviation Cooperation with Brazil Brasilia, Brazil – This week, the U.S. Trade and Development Agency hosted a workshop supporting Phase III of the U.S.-Brazil Aviation Partnership (AP), a public-private cooperation program supporting Brazil's aviation infrastructure development goals, while connecting U.S. companies to... USTDA more...
Dec 15, 2017 USTDA Creates Market Access for U.S. Businesses in China Beijing, China – This week, USTDA Deputy Director, Enoh T. Ebong, concluded a trip to China where she advanced cooperation with the Agency’s public-private partnerships in the aviation, energy, and healthcare sectors. Deputy Director Ebong signed two grants launching two new series of... USTDA more...
Dec 14, 2017 OPIC Board of Directors Approves $400 Million in Financing and Political Risk Insurance for Wind Power Project in Ukraine WASHINGTON - The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved financing and political risk insurance to support construction of a wind farm in Ukraine that will significantly increase the country’s power generation capacity and bolster energy... OPIC more...
Dec 11, 2017 OPIC's Africa Clean Energy Financing Facility Supported 27 Early Stage Projects Since 2012 The U.S. Africa Clean Energy Finance Initiative (ACEF), a five-year collaboration between OPIC, the U.S. Trade and Development Agency and the U.S. Department of State, has supported 27 early-stage renewable energy projects totaling 470 MW in 11 African countries to expand access to electricity,... OPIC more...
Dec 11, 2017 USTDA Partners with Brazil to Promote Value-Based Procurement BRASÍLIA, BRAZIL – Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Government of Brazil, launching a partnership under the Global Procurement Initiative: Understanding Best Value (GPI). Through the agreement, USTDA will partner with the... USTDA more...
Nov 17, 2017 USTDA and U.S. Industry Launch U.S. Gas Infrastructure Exports Initiative ARLINGTON, VA – Today, the U.S. Trade and Development Agency, in coordination with LNG Allies, the 27th World Gas Conference, the U.S. Chamber of Commerce Global Energy Institute, as well as other industry members, launched the U.S. Gas Infrastructure Exports Initiative. The Initiative is... USTDA more...
Nov 12, 2017 President Trump and OPIC President and CEO Present Virginia-based AES Co. Letter of Intent for Energy Project in Vietnam Hanoi, Vietnam - Alongside President Donald J. Trump and Vietnamese President Tran Dai Quang, Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne presented today a letter of intent to Virginia-based energy company AES. The letter supports the... OPIC more...
Nov 7, 2017 OPIC CEO travels to Japan; Signs Commitments with JBIC and NEXI Supporting Investment in Emerging Markets TOKYO, JAPAN –Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, President and Chief Executive Officer Ray W. Washburne today signed Memorandums of Understanding (MOU) with Japan Bank for International Cooperation (JBIC) Chief Executive... OPIC more...
Nov 6, 2017 USTDA Partners with Japan’s Ministry of Economy, Trade and Industry to Support Quality Infrastructure Tokyo, Japan – Today, the U.S. Trade and Development Agency and the Japanese Ministry of Economy, Trade and Industry (METI) signed a Memorandum of Cooperation to advance quality energy infrastructure in third-country emerging markets in the Indo-Pacific region. The agreement will support the... USTDA more...
Nov 3, 2017 USTDA Connects U.S. Companies to Natural Gas Opportunities in South Africa ARLINGTON, VA – The U.S. Trade and Development Agency awarded a grant to the GreenCape Sector Development Agency for a feasibility study to assess the market demand, socio-economic impacts, and key risks of a proposed integrated liquefied natural gas (LNG) importation and gas-to-power project... USTDA more...
Oct 27, 2017 USTDA Advances Standards and Conformance Cooperation with India Washington, D.C.. – Today, the U.S. Trade and Development Agency launched the second phase of its U.S.-India Standards and Conformance Cooperation Program (SCCP). The Program will convene six workshops in India for U.S. and Indian industry and government representatives to discuss standards... USTDA more...
Oct 11, 2017 USTDA Connects U.S. Industry to Geothermal Opportunities in The Philippines ARLINGTON, VA – The U.S. Trade and Development Agency awarded a grant to Tayabas Geothermal Power Inc. (TGPI) supporting the development of a 60-100MW geothermal power project in southeast Luzon, Philippines. The project will help meet the Philippines’ growing energy demand and diversify the... USTDA more...
Oct 11, 2017 USTDA Supports Renewable Wind Energy in Vietnam Through U.S. Solutions Ho Chi Minh City, Vietnam – The U.S. Trade and Development Agency awarded a grant to Power Engineering Consulting Joint Stock Company 2 (PECC2), a leading Vietnamese power engineering company, to support development of a 100 megawatt (MW) wind farm in southern Vietnam. PECC2 selected DVN... USTDA more...
Oct 6, 2017 USTDA Promotes Air Safety and Efficiency in Vietnam Through U.S. Solutions ARLINGTON, VA – The U.S. Trade and Development Agency awarded a grant to the Vietnam Air Traffic Management Corporation (VATM), a state-owned enterprise responsible for providing air navigation services throughout Vietnam. The grant supports the development of an Air Traffic Flow Management... USTDA more...
Oct 4, 2017 USTDA Advances Wind Power Generation in Jamaica Through U.S. Solutions ARLINGTON, VA – The U.S. Trade and Development Agency awarded a grant to the Petroleum Corporation of Jamaica (PCJ) supporting the development of an offshore wind farm in Jamaica. The feasibility study will evaluate the viability of installing the wind farm, which would represent one of the... USTDA more...
Oct 4, 2017 USTDA Announces Highest Return on Investment in Agency’s History Generates $95 in U.S. Exports for Every Dollar Programmed Arlington, VA – Today, the U.S. Trade and Development Agency announced its largest return on investment since the agency was created by the Jobs Through Exports Act of 1992. Far surpassing all previous results, USTDA identified $95... USTDA more...
Sep 29, 2017 USTDA Connects U.S. Businesses to Smart Grid Opportunities in Panama ARLINGTON, VA – The U.S. Trade and Development Agency awarded a grant to Panama’s National Energy Secretariat to support the deployment of smart grid technologies in the country. The grant will help create a regulatory and investment framework allowing Panama’s electric utilities to improve... USTDA more...
Sep 27, 2017 USTDA Connects U.S. Technologies and Training to Algeria’s Energy Sector ALGIERS, Algeria –Today, the U.S. Trade and Development Agency signed a training grant with Sonelgaz, Algeria’s state-owned electricity and gas company to provide multi-year executive management training for Sonelgaz’s executives, ensuring the continued growth of Algeria’s energy sector.... USTDA more...
Sep 27, 2017 USTDA Launches Global Freight Rail Initiative ARLINGTON, VA – Today, the U.S. Trade and Development Agency launched its Global Freight Rail Initiative to bolster the competitiveness of American exporters that are vying to supply U.S.-manufactured rail equipment and services to high-growth emerging markets around the world. Under the... USTDA more...
Sep 25, 2017 USTDA Supports METU with a Smart Campus Technical Assistance Grant ANKARA, Turkey – Today, the U.S. Trade and Development Agency signed a grant with the Middle East Technical University (METU), a public, technical university located in Ankara, to provide technical assistance in support of METU’s Smart Campus Project. The technical assistance will support... USTDA more...
Sep 25, 2017 USTDA Advances Standards and Conformity Assessment Processes in India Arlington, Virginia – Today, the U.S. Trade and Development Agency awarded a grant to the Confederation of Indian Industry (CII), a nonprofit business association in India. The grant supports six standards and conformance workshops in India for three sectors vital to U.S.-India trade: smart... USTDA more...
Sep 20, 2017 USTDA Connects U.S Energy Industry to Projects in Madagascar ANTANARIVO, Madagascar – Today, the U.S. Trade and Development Agency awarded a grant to Henri Fraise Fils & Cie, a Malagasy energy company, for the development and implementation of minigrids in Madagascar, where only 15 percent of the population has electricity access. The grant supports... USTDA more...
Sep 19, 2017 USTDA Supports ICT in South Africa with U.S. Technologies CAPE TOWN, South Africa – The U.S. Trade and Development Agency has awarded a grant to the City of Cape Town to fund a feasibility study that will assess the viability of proposed investments in five key information and communications technology (ICT) areas: enabling infrastructure; intelligent... USTDA more...
Sep 18, 2017 USTDA Connects U.S. Energy Industry to Business Opportunities in South Africa Washington, D.C. – The U.S. Trade and Development Agency awarded a grant to Solafrica Energy (Pty) Ltd., a developer of utility-scale solar power plants in Southern Africa, for a pilot project that demonstrates the performance of an energy storage system based on Primus Power Corporation’s... USTDA more...
Sep 14, 2017 OPIC Board of Directors Approves $315 Million in Financing and Insurance for Projects in Emerging Markets Ukraine project lessens Kyiv’s energy dependence on Russia Costa Rica lending will support women borrowers WASHINGTON – The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved $315 million in new financing and insurance to support two... OPIC more...
Sep 14, 2017 SBA Announces FY 2017 State Trade Expansion Program (STEP) Awards SBA Awards $18 Million to Expand Small Business Exporting WASHINGTON – The U.S. Small Business Administration today announced that $18 million in funding has been awarded to 44 State international trade agencies through SBA’s competitive State Trade Expansion Program (STEP), to support... SBA more...
Sep 12, 2017 USTDA Connects U.S. Energy Industry to Opportunities in India ARLINGTON, Virginia – Today, the U.S. Trade and Development Agency awarded a grant to Prabha Energy Private Limited (PEPL), a private company in India specializing in the exploration and production of coalbed methane (CBM). The grant supports a feasibility study assisting PEPL in developing CBM... USTDA more...
Sep 11, 2017 USTDA Connects U.S. Industry to Aviation Opportunities in India Arlington, VA – Today, the U.S. Trade and Development Agency signed a grant with the Airports Authority of India (AAI), supporting a twenty-year master plan to sustainably expand the operational capacities of the Kolkata and Lucknow International Airports. AAI selected Cincinnati-based... USTDA more...
Aug 30, 2017 OPIC Commits Financing to Two Projects in Ukraine Projects aim to expand lending to small businesses in agriculture and other underserved sectors WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed financing support to two projects in Ukraine that... OPIC more...
Aug 18, 2017 USTDA Introduces U.S. Carbon Capture and Recycling Technology to South Africa Cape Town, South Africa – Today, the U.S. Trade and Development Agency awarded a grant to Swayana (Pty) Ltd, a Pretoria-based energy project developer, for a feasibility study that will use innovative U.S. technologies to convert waste gas – also known as off-gas – into a valuable commodity... USTDA more...
Aug 17, 2017 USTDA Connects U.S Companies to Wind Power Opportunities in Zambia Arlington, VA – The U.S. Trade and Development Agency awarded a grant supporting a feasibility study for a 130 MW wind power project in Zambia. The grantee is Access Zambia Wind One Limited, a wind power project developer and subsidiary of Access Power, a Power Africa partner and developer,... USTDA more...
Aug 11, 2017 USTDA Connects U.S. Technologies to Opportunities in Nigeria Lagos, Nigeria – Today, the U.S. Trade and Development Agency signed a grant with Eko Petrochem and Refining Company Ltd, a Nigerian petrochemical and refining company, for a feasibility study supporting technologies and development of an implementation plan for a modular refinery on Tomaro... USTDA more...
Aug 11, 2017 USTDA Supports U.S. Business Opportunities in Kenyan Power Sector Arlington, VA – The U.S. Trade and Development Agency signed a grant with Saigrene Energy Kenya Limited supporting the development of run-of-river hydroelectric plants at five sites in Kenya. The grant funds a feasibility study that will evaluate the viability of the sites for power... USTDA more...
Aug 10, 2017 USTDA Connects U.S. Industry with Energy Opportunities in Mozambique LOMÉ, TOGO – Today, the U.S. Trade and Development Agency awarded a grant to Kuikila Investments, Lda., an independent power developer in Mozambique. The grant supports a feasibility study for a 78-megawatt mobile, gas-fired thermal power plant in the Chokwé District of Mozambique’s Gaza... USTDA more...
Jul 13, 2017 YES BANK Partners with OPIC and Wells Fargo to Support Financing of Women Entrepreneurs and SMEs Loan agreements totaling USD $150 million to support SMEs in India USD $50 million dedicated for financing women-owned businesses; USD $50 million to support financing SMEs in low income states Continued faith and trust reposed by world’s leading development finance institutions in... OPIC more...
Jun 23, 2017 USTDA Advances U.S.-Vietnam Smart Cities Collaboration HANOI, Vietnam – This week, Acting Director Enoh T. Ebong concluded a trip to Vietnam where the U.S. Trade and Development Agency hosted a U.S.-Vietnam Smart Cities Workshop. The Workshop featured project opportunities related to Vietnam’s urban modernization agenda and smart city goals. The... USTDA more...
Jun 21, 2017 USTDA Supports U.S. Business Opportunities in Kenyan Power Sector Washington, D.C. – The U.S. Trade and Development Agency signed a grant with Virunga Power Kenya Limited supporting the development of three run-of-river hydroelectric plants in Kenya. The grant funds a feasibility study that will evaluate the viability of the sites for power generation... USTDA more...
Jun 21, 2017 USTDA Launches Phase III of Smart Cities Partnership with India VISAKHAPATNAM, India – This week, the U.S. Trade and Development Agency launched the third phase of support for Visakhapatnam’s (Vizag) efforts to develop modern, efficient, and integrated urban infrastructure. Since the partnership began, leaders in the State of Andhra Pradesh and the... USTDA more...
Jun 15, 2017 OPIC Board of Directors Approves Nearly $500 Million in Support for Investments in Developing Countries WASHINGTON – The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved $488 million in new financing to support four private sector-led projects that will invest in developing markets in Colombia, India, and Indonesia in the financial service, housing, and... OPIC more...
Jun 13, 2017 USTDA Creates Opportunities for U.S. Energy Industry in Zambia Lusaka, Zambia – Today, the U.S. Trade and Development Agency signed a grant with Kalahari GeoEnergy Limited, a Zambian geothermal development company, for a feasibility study supporting the development of a 10-20 MW geothermal power plant. Kalahari GeoEnergy selected California-based... USTDA more...
Jun 8, 2017 OPIC, IFC, and XacBank Supporting Women-owned Businesses in Mongolia WASHINGTON, DC – The Overseas Private Investment Corporation (OPIC), IFC (International Finance Corporation), and XacBank LLC today signed a loan agreement to support access to finance in Mongolia for women-owned small and medium sized (SME) businesses. In Mongolia, while 64 percent of... OPIC more...
Jun 8, 2017 IndusInd Bank Raises a $225 Million Loan from OPIC for its MSME Lending Programs WASHINGTON – The Overseas Private Investment Corporation (OPIC) and IndusInd Bank today executed a finance agreement for a $225 million loan supporting the expansion of the Bank’s micro, small, and medium enterprise (MSME) lending programs across India. At least 25 percent of the proposed... OPIC more...
Jun 8, 2017 USTDA Creates Opportunities for U.S. Businesses in Zambia Copenhagen, Denmark – During this week’s Africa Energy Forum, the U.S. Trade and Development Agency signed a grant aimed at increasing electricity access in Zambia. USTDA is partnering with Zambian company Standard Microgrid Initiatives Limited on a study that supports the deployment of... USTDA more...
Jun 1, 2017 SBA Announces $18 Million in Funding Opportunity to Support Small Business Trade Growth WASHINGTON -- Administrator Linda McMahon, head of the U.S. Small Business Administration, today announced an $18 million funding opportunity to support export growth among U.S. small businesses. The funding opportunity will be awarded through SBA's competitive State Trade Expansion Program... SBA more...
May 26, 2017 USTDA Connects U.S. Businesses to Export Opportunities in China Beijing, China – Today, Acting Director, Enoh T. Ebong wrapped up a trip to China where she signed four grants that connect U.S. businesses to new export opportunities. Under the U.S.-China Aviation Cooperation Program (ACP), USTDA signed a grant to evaluate the impacts that severe weather... USTDA more...
May 23, 2017 USTDA Connects U.S. Industry to Solar Project in South Africa Cape Town, South Africa – Today, the U.S. Trade and Development Agency awarded a grant to Pele Green Energy (Pty) Ltd, a South African independent power developer based in Johannesburg. The grant funds a feasibility study to assess the viability of a 75 megawatt solar photovoltaic power plant... USTDA more...
May 22, 2017 U.S. Secretary of Commerce Celebrates World Trade Week by Honoring U.S. Firms with Presidential Export Award Today, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S. companies and organizations that export goods and services during the 2017 President’s “E” Awards ceremony. Companies representing 23 states and Guam were recognized as part of the 55th anniversary of the award. This year’s... ITA more...
May 2, 2017 OPIC and DAWN Sign $5 Million Commitment to Support Women Entrepreneurs through Microfinance in Myanmar WASHINGTON – The Overseas Private Investment Corporation (OPIC) has signed a commitment letter for a $5 million loan to Early Dawn Microfinance Company Ltd. (DAWN), a microfinance institution (MFI) whose largest shareholder and operating partner is Accion, a global nonprofit and financial... OPIC more...
Apr 27, 2017 USTDA Supports U.S. and Kenyan Business Partnerships in Power Sector Nairobi, Kenya – Today, the U.S. Trade and Development Agency signed two grants that leverage U.S. technology solutions and investment to increase access to affordable, reliable electricity in Kenya. USTDA is partnering with Kenyan company, Xago Africa Limited, on developing a utility... USTDA more...
Apr 25, 2017 OPIC Signs Commitment with XacBank to Support Women-owned SMEs in Mongolia through Goldman Sachs 10,000 Women and IFC Partnership WASHINGTON – The Overseas Private Investment Corporation (OPIC) has signed a commitment with XacBank LLC, a leading commercial bank in Mongolia, to support access to finance for women-owned small and medium sized (SME) businesses in Mongolia as part of an IFC-led syndication. OPIC signed... OPIC more...
Apr 25, 2017 USTDA Creates Opportunities for U.S. Energy Industry in Nigeria Arlington, VA – Today, the U.S. Trade and Development Agency awarded a grant to the Nigerian company, Dangote Industries Limited, supporting their efforts to develop a 100 MW solar photovoltaic power plant with Black Rhino, an African infrastructure investor, in Kano State. The feasibility... USTDA more...
Apr 20, 2017 USTDA Supports Reliable Power Supply at The Port of Cartagena ARLINGTON, VA - The U.S. Trade and Development Agency awarded a grant to Terminal de Contenedores de Cartagena S.A. (Contecar) for a feasibility study to assess power supply options at the Port of Cartagena. In order to meet the port’s energy needs during peak demand, accommodate increasing... USTDA more...
Apr 19, 2017 Pennsylvania Small Business Wins SBA’s 2017 Exporter of the Year Award WASHINGTON, D.C. - Abram’s Bed LLC, doing business as The Safety Sleeper™, has been named Small Business Exporter of the Year by the U.S. Small Business Administration. The Pittsburgh-based company will be officially recognized during National Small Business Week, an annual event honoring the... SBA more...
Apr 10, 2017 EXIM Bank Launches Alliance Program Program will further equip U.S. exporters to compete globally Washington, D.C. � The Export-Import Bank of the United States (EXIM Bank) announced the launch of its Alliance Program on Friday. The program will affiliate key EXIM stakeholders more closely with the Bank and offer them a... Ex-Im Bank more...
Apr 7, 2017 EXIM Bank Announces FY 2016 Awards Washington, D.C. � The Export-Import Bank of the United States (EXIM Bank) announced its award winners for FY 2016 at its Annual Conference today. Broker of the Year: Export Insurance Services, Inc. Export Insurance Services (EIS), a Georgia-based broker licensed in 20 states,... Ex-Im Bank more...
Apr 5, 2017 SBA Recognizes Export Lenders BB&T, First American Bank and World Trade Finance Inc. The U.S. Small Business Administration today honored BB&T and First American Bank as the 2017 SBA Export Lenders of the Year, respectively for large and small lending institutions during a ceremony at the 10th annual SBA Export Lender Roundtable in Washington, D.C. During the event, World... SBA more...
Mar 24, 2017 USTDA Connects U.S. Industry to Business Opportunities in Ghana Accra, Ghana � The U.S. Trade and Development Agency awarded a grant today to the Ghanaian company, Buipe Solar Limited, in support of a feasibility study for a 20 megawatt solar photovoltaic plant in northern Ghana. Ghana has tremendous solar energy potential, and this project will help the... USTDA more...
Mar 16, 2017 OPIC Board of Directors approved two projects in developing countries WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved $195 million in new financing to support two private sector-led projects that will invest in developing markets globally in the financial service sector and in Sub-Saharan Africa�s agriculture... OPIC more...
Mar 9, 2017 USTDA Promotes Solar Energy Development in Burkina Faso Washington D.C. � The U.S. Trade and Development Agency awarded a grant to Soci�t� de Production d'Energie Solaire de Kod�ni SAS today for a feasibility study for two 17 megawatt solar photovoltaic plants near the villages of P� and Kod�ni in Burkina Faso. The solar plants are being developed by... USTDA more...
Dec 19, 2016 OPIC Approves $5 Million to Support Unreasonable Capital Fund Investing in Emerging Markets WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today announced the financing of up to $5 million to support Unreasonable Capital Fund I. Unreasonable Capital is a venture capital firm that invests in scalable and profitable... OPIC more...
Dec 16, 2016 OPIC, the Government of India and Leading Foundations Announce New U.S.-India Clean Energy Finance Initiative Delhi, India �Today, during a signing ceremony at the Taj Mahal Hotel in Delhi, the U.S.-India Clean Energy Finance (USICEF) initiative announced its formal launch. The launch of USICEF marks a critical milestone on the commitment made between the United States and Indian Governments to mobilize... OPIC more...
Dec 13, 2016 USTDA Partners With The Government Of Panama To Promote Value-Based Procurement PANAMA CITY, Panama � Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Government of Panama, formalizing their partnership under the Global Procurement Initiative: Understanding Best Value (GPI). Under the agreement, USTDA will support the efforts... USTDA more...
Dec 12, 2016 USTDA Deepens U.S. Partnership with Smart Cities in India New Delhi, India � Late last week, the U.S. Trade and Development Agency, in partnership with the Government of India, the U.S.-India CEO Forum, U.S.-India Business Council, Confederation of Indian Industries and the U.S. Department of Commerce, completed the successful U.S.-India Smart Cities... USTDA more...
Dec 8, 2016 OPIC Board of Directors approves $700 million in financing and insurance for projects in developing countries WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today approved $700 million in new financing and insurance to support four projects. These private sector-led development projects will invest globally... OPIC more...
Nov 30, 2016 OPIC announces $3.7 billion in new commitments for FY2016 Reaches Record-Setting $21.5 Billion in Support of Private Sector-Led Development OPIC�s Growth Reflects Private Capital's Increasing Role in Tackling Global Development Challenges Supports 39th Year of Operating at No Net Cost to Taxpayers Celebrates 10th Anniversary of Expanding... OPIC more...
Nov 28, 2016 USTDA Welcomes 25 New Making Global Local Partners ARLINGTON, Va. � Today, the U.S. Trade and Development Agency announced that 25 Global Chamber� chapters have joined its Making Global Local initiative. The cities represented include: Albuquerque Atlanta Austin Baltimore... USTDA more...
Nov 14, 2016 OPIC and ReNew Power Ventures Sign Commitment for 100 Megawatt Solar Farm in India Marrakech, Morocco � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, signed a commitment with ReNew of approximately $74 million for a 100 MW solar project in the Indian state of Telangana. Announced during the 22nd session of the United... OPIC more...
Nov 1, 2016 OPIC, Goldman Sachs 10,000 Women, IFC Sign Commitment with ACLEDA Bank Plc. to Support Women-owned SMEs in Cambodia Access to Finance is a Challenge for Many Women in Developing Countries � In Cambodia, while 41 Percent of SMEs are Owned by Women, the majority are underserved by financial institutions Unmet Demand for Financing is Estimated at $67 Billion Per Year for Women-Owned SMEs in East Asia... OPIC more...
Nov 1, 2016 USTDA Welcomes Two New Making Global Local Partners To Promote U.S. Exports ARLINGTON, Va. � The U.S. Trade and Development Agency announced today that two new partners have joined its Making Global Local initiative: Miami-Dade County�s Office of Economic Development and International Trade (OEDIT) World Trade Center Orlando (WTC Orlando) As... USTDA more...
Oct 26, 2016 OPIC and I Squared Capital Sign Commitment for Infrastructure Investments in Asia OPIC-supported Investment Funds will Help Build Critical Infrastructure Projects Across South & Southeast Asia WASHINGTON � WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, has signed a commitment to provide $200... OPIC more...
Oct 26, 2016 USTDA Reopens Program in Argentina ARLINGTON, Va. � Today, the U.S. Trade and Development Agency announced the Agency is resuming its program in Argentina for the first time since 2005. Prior to 2005, USTDA�s highly successful program in Argentina had supported priority projects primarily in the transportation, environmental and... USTDA more...
Oct 20, 2016 GE Invests in GAMA-TURKERLER JV to Develop Two Major Healthcare PPPs in Turkey; OPIC, EBRD and EDC to Provide Financing for Transformational Hospital Project The comprehensive long-term financial package which brought together six international financiers was signed today at Presidential Complex in Ankara in the presence of Turkish President Recep Tayyip Erdogan. Overseas Private Investment Corporation (OPIC), the U.S. Government�s... OPIC more...
Oct 7, 2016 OPIC, RBL Bank and NeoGrowth Sign Commitment for SME Financing to Retail Businesses in India Innovative technology helps provide financing to underserved markets WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, RBL Bank Limited, and NeoGrowth Credit Private Limited today announced they�ve reached a commitment to... OPIC more...
Oct 7, 2016 OPIC Achieves $1 Billion in Global Information & Communications Technology Financing More than 60 percent of households across the world lack internet access Broadband Access Critical To Economic Growth � 10 percent increase in broadband penetration correlates with a 1.3 percent increase in GDP in developing countries New commitments in Kenya, India and Burma helped... OPIC more...
Sep 30, 2016 USTDA Advances Utility-Scale Renewable Energy in Belize ARLINGTON, VA � The U.S. Trade and Development Agency awarded a grant to Belize Electricity Limited to support their efforts to expand utility-scale renewable energy generation. The feasibility study will evaluate seven prospective wind and solar power sites throughout Belize. It will assess the... USTDA more...
Sep 29, 2016 USTDA Supports Cameroon's Efforts to Improve Water Supply ARLINGTON, Va. � This week, during the 15th AGOA Forum, U.S. Trade and Development Agency Director Leocadia I. Zak announced support for the Cameroon Water Utilities Corporation�s efforts to rehabilitate and expand its existing water supply infrastructure. The grant will help the state-owned... USTDA more...
Sep 27, 2016 USTDA Promotes Clean Energy Solutions at Water Treatment Plants in Belize ARLINGTON, Va � The U.S. Trade and Development Agency awarded a grant to Belize Water Services Limited to support the deployment of integrated clean energy solutions at four of the utility�s main water treatment plants. The feasibility study will evaluate the use of wind power, solar power,... USTDA more...
Sep 23, 2016 USTDA Partners with CAAC on Aviation Sustainability and General Aviation ARLINGTON, Va. � The U.S. Trade and Development Agency signed two grants today with the Civil Aviation Administration of China (CAAC). USTDA is pleased to support the first large-scale bilateral aviation environmental initiative, the U.S.-China Aviation Green Route Initiative. This program will... USTDA more...
Sep 22, 2016 USTDA Advancing India's Production of Cleaner Fuels Helping to modernize refinery sector to reduce emissions and adverse environmental impacts New Delhi, India � Today, the U.S. Trade and Development Agency awarded a grant to the Indian Oil Corporation Limited (IOCL) to support their refinery modernization efforts. The agreement was signed... USTDA more...
Sep 21, 2016 EXIM Bank Signs Memorandum of Understanding with PTA Bank to Increase Trade Between US and Africa MOU Could Provide Up to $100 million to Finance the Purchase of American Goods and Services Washington, D.C. � Fred P. Hochberg, Chairman and President of the Export-Import Bank of the United States (EXIM), and Admassu Tadesse, President and Chief Executive of Eastern and Southern African... Ex-Im Bank more...
Sep 21, 2016 USTDA Revitalizes Kenya Program With Six Power Africa Grants Announces diverse portfolio of energy investments during U.S.-Africa Business Forum New York, NY � Today, during the U.S.-Africa Business Forum, the U.S. Trade and Development Agency launched its largest single investment in Kenya�s power sector to date. At a ceremony witnessed by the Deputy... USTDA more...
Sep 21, 2016 Standard Bank, OPIC and Wells Fargo Sign $300 Million Facility to Support Power and Infrastructure Projects in Africa New York, N.Y. � Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, and Wells Fargo Bank announced a $300 million facility to fund power and infrastructure projects in Africa. The 12-year funding line... OPIC more...
Sep 21, 2016 OPIC and Lekela Power Sign Commitment for 158 Megawatt Wind Farm in Senegal New York, N.Y. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, and Lekela Power today signed a commitment, while on the side-lines of the U.S. � African Business Forum in New York City, for the development, construction and operation of... OPIC more...
Sep 21, 2016 OPIC and Microsoft Commit to Support Wireless Internet Expansion in Kenya Increase to internet access will have development impact in rural areas of Kenya New York, N.Y. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today announced commitment and first disbursement to Mawingu Networks, a provider... OPIC more...
Sep 21, 2016 OPIC and Bechtel Move Forward in Developing Nairobi-Mombasa Expressway Project New York, N.Y. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today signed a letter of interest with the Government of Kenya to begin financing discussions on Breach of Contract political risk insurance of up to $500 million in support... OPIC more...
Sep 21, 2016 OPIC Announces Commitment to ContourGlobal's Cap Des Biches 33 Megawatt Expansion Project in Senegal New York, N.Y. � The Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, today announced their financing agreement with ContourGlobal for the 33 megawatt expansion project at ContourGlobal�s Cap des Biches power plant in Senegal. Announced at the... OPIC more...
Sep 21, 2016 USTDA Supports Renewable Energy To Supplement Baseload Generation In Sierra Leone Feasibility study facilitates implementation of solar and hybrid power plants in second-largest city FREETOWN, Sierra Leone � The U.S. Trade and Development Agency awarded a grant to Solar Era Holdings (SL) Limited, a Sierra Leonean power producer, to support the development of a solar... USTDA more...
Sep 21, 2016 USTDA Advances Smart Grid Development in Vietnam Da Nang, Vietnam � Today, the U.S. Trade and Development Agency provided technical assistance to Electricity of Vietnam Central Power Corporation (EVNCPC), a state-owned electric power utility, to help them modernize their enterprise architecture for smart grid deployment. Responding to... USTDA more...
Sep 15, 2016 USTDA Advances Global Procurement Initiative Partnership in Vietnam Supports feasibility study for e-government procurement project HANOI, Vietnam � Today, the U.S. Trade and Development Agency expanded its partnership with Vietnam under the Agency�s Global Procurement Initiative (GPI). USTDA and the Public Procurement Agency (PPA) under the Ministry of... USTDA more...
Sep 15, 2016 OPIC Board of Directors Approves Over $1 Billion in Support for Investments in Developing Countries WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today approved support for new development projects totaling just over $1 billion. These private sector-led development projects will invest in... OPIC more...
Sep 14, 2016 EXIM Reopens for Business in Argentina Washington, D.C. � Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (EXIM), today announced in Buenos Aires that the Bank will resume offering short- and medium-term financing in Argentina after being closed to sovereign transactions for more than 15 years.... Ex-Im Bank more...
Sep 14, 2016 USTDA Advances Energy Efficiency and Renewable Energy in Jamaica aKINGSTON, JAMAICA � The U.S. Trade and Development Agency awarded a grant to Jamaica�s National Water Commission (NWC), a utility responsible for providing water and wastewater services. The grant will provide technical assistance to examine energy efficiency and renewable energy opportunities... USTDA more...
Sep 12, 2016 Medical Credit Fund raises additional USD 17 million for healthcare impact investment in Africa Today, the Overseas Private Investment Corporation (OPIC, the U.S. Government�s development finance institution), Calvert Foundation (an impact investing organization), a private foundation and a Dutch private family office announced the closing of a USD 17.45 million agreement to expand the... OPIC more...
Sep 7, 2016 USTDA Supports Green Airport Initiatives at Mexico City's New International Airport Mexico City � The U.S. Trade and Development Agency signed an agreement today supporting Grupo Aeroportuario de la Ciudad de M�xico, S.A. de C.V (GACM), the concessionaire of the Mexico City�s new international airport (NAICM). USTDA will collaborate with GACM on best practices related to... USTDA more...
Sep 6, 2016 USTDA Establishes Procurement Partnership With The Government Of Mexico Mexico City, Mexico � Today, the U.S. Trade and Development Agency and the Government of Mexico�s Ministry of Public Administration, Secretar�a de la Funci�n P�blica (SFP), formalized a partnership that will promote transparency, increased competition and best value in the procurement of public... USTDA more...
Sep 2, 2016 USTDA Helps Strengthen Rail Maintenance Practices in Indonesia JAKARTA, Indonesia � Today, the U.S. Trade and Development Agency awarded a grant to PT Kereta Api Indonesia (PT KAI), a state-owned railway company in Indonesia, to support their efforts to develop a comprehensive rail maintenance program. �This grant demonstrates the U.S. government�s... USTDA more...
Sep 1, 2016 USTDA Supports Renewable Energy and Grid Management in Brazil Belo Horizonte, Brazil � Today the U.S. Trade and Development Agency signed two grants with Companhia Energ�tica de Minas Gerais (CEMIG), an energy company in Brazil. One grant supports an analysis of technologies and business processes that will enable the influx of renewable energy and... USTDA more...
Aug 31, 2016 USTDA Launches Second Phase of Smart City Project in Visakhapatnam, India NEW DELHI, India � This week, the U.S. Trade and Development Agency launched the second phase of its support of the City of Visakhapatnam�s (Vizag) efforts to build safe, efficient and integrated urban infrastructure. Since the project launched, a team of U.S. companies � led by AECOM,... USTDA more...
Aug 24, 2016 OPIC and ACLEDA Bank Plc Sign Commitment to Support Lending in Cambodia Phnom Penh � ACLEDA Bank Plc., The Bank For The People, The Bank You can Trust, today announced that the Overseas Private Investment Corporation (OPIC), the U.S. Government's development financial institution, signed a commitment letter for US$125 million direct loan to ACLEDA Bank Plc., a... OPIC more...
Aug 17, 2016 USTDA Advances Solar Power In Panama ARLINGTON, VA � The U.S. Trade and Development Agency awarded a grant to Parque Solar Panam�, S.A. for a feasibility study supporting one of the first utility-scale solar photovoltaic power plants in Panama. The feasibility study will assess the technical, commercial and environmental viability... USTDA more...
Aug 17, 2016 USTDA Welcomes Seven New Making Global Local Partners to Promote U.S. Exports ARLINGTON, Va. � The U.S. Trade and Development Agency announces that seven new partners have joined its Making Global Local initiative: California Governor�s Office of Business and Economic Development (GO-Biz) Los Angeles Mayor�s Office of Economic Development... USTDA more...
Aug 11, 2016 BMR Today Inaugurates Jamaica's Largest Private Sector Wind Farm Kingston, Jamaica � BMR Energy LLC today celebrates the start of operations of its 36 megawatt wind farm in Jamaica, the country�s largest private-sector renewable energy project. With support from The Overseas Private Investment Corporation (OPIC), the International Finance Corporation (IFC),... OPIC more...
Aug 3, 2016 World Bank, USTDA Formalize Procurement Partnership WASHINGTON, District of Columbia � Every year, governments across the globe make sure that taxpayers' resources are converted into tangible products that deliver critical services to citizens, such as healthcare and access to electricity. In developing and emerging economies with limited... USTDA more...
Aug 1, 2016 EXIM Bank Joins Forces with Local Communities to Boost Exports Washington, D.C. � Today the Export-Import Bank of the U.S. (EXIM) announced the launch of its Regional Export Promotion Program (REPP), a joint effort between EXIM and regional organizations with a view to stimulating U.S. export sales abroad and bolstering job growth at home. The program,... Ex-Im Bank more...
Jul 29, 2016 OPIC CEO Visits Liberia and Sierra Leone to Drive Post-Ebola Investment OPIC President and CEO Elizabeth Littlefield leads group of American and international executives to explore opportunities for private sector investment to support recovery Washington � Elizabeth L. Littlefield, the President and CEO of the Overseas Private Investment Corporation... OPIC more...
Jul 25, 2016 Financial Partnership to Provide Access to Credit for Botswana's Cutting and Polishing Industry Loan will anchor supply chain in country catalyzing local economic growth Gaborone, Botswana - The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today signed a $125 million loan guaranty which will help Botswana develop its diamond... OPIC more...
Jul 25, 2016 OPIC and International Bank Liberia Limited Sign Commitment to Support Lending in Key Sectors Monrovia, Liberia � The Overseas Private Investment Corporation, the U.S. Government�s development finance institution, today signed a commitment letter for a $20 million direct loan to International Bank Liberia Limited (IBLL) to support lending in sectors such as construction, services,... OPIC more...
Jul 6, 2016 USTDA Supports Energy Storage In Latin America WASHINGTON, D.C. � Today, the U.S. Trade and Development Agency awarded a grant to Interconexi�n El�ctrica S.A. (ISA), an electricity transmission company in Latin America, to identify opportunities for large-scale battery storage in Brazil, Colombia and Mexico. ISA has selected Quanta... USTDA more...
Jun 30, 2016 USTDA Supports Smart Street Lighting In Costa Rica USTDA
Jun 24, 2016 USTDA Awards Two Power Africa Grants to Ghanaian Energy Developers LONDON, United Kingdom � Today, at EnergyNet�s 18th Annual Africa Energy Forum, the U.S. Trade and Development Agency signed two grant agreements with Ghanaian energy companies. �Together, these projects have the potential to add 70 megawatts of renewable energy to Ghana�s grid and to power... USTDA more...
Jun 21, 2016 USTDA Supports Efforts to Increase Broadband Access in Northern Brazil PAR�, Brazil � Today, the U.S. Trade and Development Agency awarded a grant to the Empresa de Processamento de Dados do Estado do Par� (PRODEPA), the State of Par�s information technology (IT) company. The grant will support PRODEPA to develop a roadmap and an implementation plan to expand... USTDA more...
Jun 10, 2016 USTDA Supports South African Waste-to-Energy Project Johannesburg, South Africa � Today, the U.S. Trade and Development Agency awarded a grant to MBHE African Power (Pty) Ltd, a South African renewable energy project developer, to support a waste-to-energy project in the Drakenstein Municipality. The objective is to alleviate the burden of the... USTDA more...
Jun 9, 2016 OPIC Board of Directors Approves Nearly $1.2 Billion in Financing to Support Development Investments Globally WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today approved support for eight new development projects totaling nearly $1.2 billion in OPIC financing. These private sector-led development projects... OPIC more...
Jun 8, 2016 USTDA Promotes Smart Street Lighting in Jamaica KINGSTON, Jamaica � The U.S. Trade and Development Agency awarded a grant to the Jamaica Public Service Company Limited (JPS), a local electricity generation, transmission and distribution utility, for technical assistance to support the installation of networked light emitting diode (LED) street... USTDA more...
Jun 6, 2016 USTDA Extends Support for U.S.-China Aviation Cooperation Program BEIJING, China � Today, the U.S. Trade and Development Agency and the Civil Aviation Administration of China (CAAC) signed two grants to further strengthen U.S.-China aviation cooperation. The first signing launched the 12th phase of the U.S.-China Aviation Cooperation Program (ACP). USTDA... USTDA more...
Jun 2, 2016 USTDA Helps Strengthen Civil Aviation Safety in Eastern Indonesia JAKARTA, Indonesia � Today, the U.S. Trade and Development Agency awarded a grant to Indonesia�s Directorate General of Civil Aviation (DGCA) for the development of aviation safety systems in the country�s eastern region. The project will develop a concept of operations, capital investment plan... USTDA more...
May 25, 2016 OPIC, REPP Sign Agreement in Support of Renewable Energy Projects in Sub-Saharan Africa WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, and the Renewable Energy Performance Platform (REPP) have announced an agreement to facilitate cooperation on renewable energy projects in Sub-Saharan Africa. Through this... OPIC more...
May 18, 2016 USTDA Provides Technical Assistance for Power Africa Project in Ghana Accra, Ghana � Today, the U.S. Trade and Development Agency awarded a $704,815 grant to Home Energy Africa Limited, a Ghanaian solar power developer, for technical assistance that will help bring a 100-megawatt solar power photovoltaic (PV) project in the village of Nyimbale-Sankana, Ghana... USTDA more...
May 11, 2016 USTDA Supports Energy Distribution in Brazil Sao Paulo, Brazil � Today, the U.S. Trade and Development awarded a grant to Copel Distribui��o, S.A., an electricity distribution company based in Curitiba, Brazil. The grant supports a pilot project of OSIsoft�s (San Leandro, CA) proprietary PI System, a cutting-edge technology that will enable... USTDA more...
Apr 26, 2016 USTDA Advances Air Traffic Management in Panama PANAMA CITY, Panama � Last week, the U.S. Trade and Development Agency awarded a grant to Panama�s civil aviation authority (Autoridad Aeron�utica Civil, AAC) to support its efforts to expand and modernize the country�s air traffic management systems. Panama is Latin America�s largest hub... USTDA more...
Apr 25, 2016 OPIC Approves $15 Million in SunFunder's $50 Million "Beyond The Grid Solar Fund" WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, today announced approval of a $15 million loan to a new investment vehicle managed by SunFunder Inc. that will provide financing to companies operating in developing counties... OPIC more...
Apr 21, 2016 USTDA Supports Airport and Airfield Security Upgrades in Romania ARLINGTON, Va. � Today, the U.S. Trade and Development Agency awarded a grant to National Company Bucharest Airports S.A. (BANC) for a feasibility study that will bolster airport security at the country�s largest airport, Bucharest Henri Coanda (Otopeni) Airport. The project will deploy... USTDA more...
Apr 21, 2016 USTDA Supports New Istanbul Airport to Accommodate Rapid Growth in Passenger Demand ISTANBUL, Turkey � Today, the U.S. Trade and Development Agency awarded a grant to support the construction and development of the New Istanbul Airport. The project will significantly enhance global air travel by optimizing air traffic capacity and improving air traffic control systems.... USTDA more...
Apr 20, 2016 USTDA Supports Politehnica Smart Micro Grid BUCHAREST, Romania � Today, the U.S. Trade and Development Agency awarded a grant to the University Politehnica Bucharest (UPB) in support of a feasibility study on the technical, economic and financial viability of implementing a Smart Micro Grid pilot system on campus. University Politehnica... USTDA more...
Apr 20, 2016 Florida Firm Wins SBA Exporter of the Year Award WASHINGTON, D.C. � Endoscopy Replacement Parts, Inc., of Newberry, Fla., has been named Small Business Exporter of the Year by the U.S. Small Business Administration. The recognition is part of the celebrations of National Small Business Week, an annual event designed to honor the best small... SBA more...
Apr 15, 2016 USTDA Supports Energy Infrastructure Upgrades at Colombian Airport Barranquilla, Colombia � Today, the U.S. Trade and Development Agency awarded a grant to the Grupo Aeroportuario del Caribe (GAC) in support of an all-systems energy infrastructure upgrade at the Ernesto Cortissoz International Airport in Barranquilla, Colombia. The grant supports a feasibility... USTDA more...
Apr 8, 2016 SBA Administrator Recognizes Export Lenders of the Year Record lending to small biz exporters reaches $1.5 billion, up 22% since 2013 WASHINGTON, D.C. � Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration, recognized GBC International Bank of Los Angeles as the SBA 2016 Export Lender of the Year, and BanescoUSA, a... SBA more...
Apr 7, 2016 OPIC and PT UPC Sidrap Bayu Energi Partner to expand Indonesia's capacity to generate clean energy Jakarta, Indonesia � Elizabeth L. Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, and Brian Caffyn, President Director of PT UPC Sidrap Bayu Energi, today signed a Letter of Cooperation for the financing... OPIC more...
Mar 24, 2016 OPIC Finances High-Impact Investing through Unitus Impact's Livelihood Impact Fund WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today announced financing of $12.5 million to support the Livelihood Impact Fund (LIF), a fund managed by Unitus Impact, a venture capital firm that invests in scalable... OPIC more...
Mar 23, 2016 OPIC Achieves $1 billion in Global Microfinance Support WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today announced that the agency has surpassed $1 billion in financing support to global microfinance institutions, lenders and frameworks since 2010. OPIC provides financing to... OPIC more...
Mar 17, 2016 OPIC Board of Directors Approves Nearly $800 million in Financing to Support Development Investment Globally WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today approved OPIC support for five new private sector-led development projects totaling more than $795 million in new OPIC financing. �The... OPIC more...
Mar 15, 2016 USTDA Welcomes A New Making Global Local Partner to Promote U.S. Exports ARLINGTON, Va. � Today, the U.S. Trade and Development Agency announced its partnership with Arlington Economic Development through the Agency's Making Global Local initiative. �USTDA is proud to be headquartered in Arlington, and we look forward to collaborating with Arlington Economic... USTDA more...
Mar 10, 2016 OPIC, Calvert Foundation to Finance Varthana WASHINGTON � In a ceremony held on February 17th in Bangalore, India, the Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, and Calvert Foundation signed an agreement to finance Varthana, a lending institution that provides loans to affordable... OPIC more...
Mar 8, 2016 USTDA to Host Three Reverse Trade Missions Focused on Energy Storage ARLINGTON, Va. � The U.S. Trade and Development Agency will host three reverse trade missions this spring designed to introduce delegates from high-growth emerging markets to U.S. providers of energy storage solutions. The delegates include public and private sector officials from Jordan,... USTDA more...
Feb 24, 2016 OPIC and Greenlight Planet Partner to Expand Off-Grid Energy Access in the Developing World WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, signed an agreement with Greenlight Planet to finalize $5 million in OPIC financing to support the scaling up of Greenlight Planet, Inc, a provider of affordable off-grid solar... OPIC more...
Feb 11, 2016 OPIC Extends Successful Pilot Program, Strengthens U.S.-led International Development WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today announced the extension of the Portfolio for Impact (PI), a successful pilot program first launched in May, 2014. The PI program facilitates financing of highly... The Exporting Source more...
Feb 9, 2016 OPIC Signs Agreement With Atradius to Advance Private Investment for Development WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, and Atradius Dutch State Business (Atradius DSB), the official export credit agency appointed and authorized by the Netherlands to promote overseas investments by Dutch... OPIC more...
Feb 9, 2016 USTDA Strengthens Support of Aviation Safety in India Technical Assistance Builds on Previous Successful Aviation Safety Cooperation NEW DELHI, India � Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to India�s Directorate General of Civil Aviation (DGCA) to support their efforts to continue meeting civil aviation safety... USTDA more...
Feb 3, 2016 USTDA Strengthens Efforts to Promote Value-Based Procurement in Ethiopia Provides advisory services to national power generation and transmission company ADDIS ABABA, Ethiopia � Today, the U.S. Trade and Development Agency awarded a grant to Ethiopian Electric Power (EEP), Ethiopia�s national power generation and transmission company, to provide technical... USTDA more...
Feb 2, 2016 OPIC enters into $250 million partnership with Bayport Bayport Management Ltd (BML), a leading emerging market financial services group, today announced the closing of a $250 million senior debt facility with the Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution. The long-term loan will support the... OPIC more...
Jan 21, 2016 OPIC and Envirofit Partner to Expand Clean Cookstoves' Global Use WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today announced a $4 million financing commitment to Envirofit International, a social enterprise that innovates smart energy products to improve lives on a global scale. OPIC... OPIC more...
Jan 5, 2016 USTDA Accepting Proposals for Power Africa Projects ARLINGTON, Va. � The U.S. Trade and Development Agency is expanding its investments in sustainable energy projects across sub-Saharan Africa. An implementing agency of the U.S. government�s Power Africa initiative, USTDA invests in project preparation activities designed to generate renewable... USTDA more...
Dec 10, 2015 OPIC Board of Directors Approves over $1 billion in financing to support Development Investments WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today approved new financing to support investment funds working in emerging markets with strong opportunity for development impact. The funds approved... The Exporting Source more...
Dec 1, 2015 OPIC Signs Loan Agreement With YES Bank to Support Small Business Growth in India Builds on MoU signed during President of USA Barack Obama�s visit to India Strong financial commitment from OPIC underscores partnership with key regional inclusive lender Washington D.C. / Mumbai: YES BANK, India�s 5th largest Private Sector Bank has signed an agreement with the... The Exporting Source more...
Nov 30, 2015 OPIC, IFC finance Cap des Biches power plant to boost energy supply in Senegal Dakar, Senegal � The Overseas Private Investment Corporation, the U.S. Government's development finance institution, and IFC, a member of the World Bank Group, last week signed financing agreements for the 53 megawatt Cap des Biches power plant with project developer ContourGlobal, the Government... OPIC more...
Nov 17, 2015 USTDA Promotes Efficient Power Distribution in the Philippines MANILA, Philippines � Today, the U.S. Trade and Development Agency awarded a grant to the Philippines� Cagayan Electric Power and Light Company, Inc. (CEPALCO) to support the utilization of smart grid technologies to manage, monitor and distribute electricity more efficiently. �It is vital... USTDA more...
Nov 16, 2015 USTDA Supports Aviation Emergency Response in the Philippines MANILA, Philippines � The U.S. Trade and Development Agency today signed a cooperation agreement with the Civil Aviation Authority of the Philippines (CAAP) to launch a specialized training program for aircraft rescue and firefighting (ARFF) vehicles that CAAP procured from Oshkosh Corporation.... USTDA more...
Nov 12, 2015 USTDA, the U.S. Department of Energy, and the Inter-American Development Bank Sign MOU to Promote Sustainable Energy in the Caribbean Partnership Increases Energy Security, Supports Low-Carbon Technologies and Combats Climate Change in the Region WASHINGTON, District of Columbia -- The United States Trade and Development Agency (USTDA), the United States Department of Energy (DOE), and the Inter-American Development Bank... USTDA more...
Nov 9, 2015 OPIC Surpasses Power Africa Financing Milestone, Sparking Progress for New Energy Generation and Access U.S. Development Finance Institution commits over $1.6 billion to Presidential initiative, surpassing initial pledge OPIC-supported projects will create nearly 1,500 new megawatts from both thermal and renewable energy, large grid-connected facilities and innovative off-grid access efforts... OPIC more...
Nov 5, 2015 OPIC and Big Tree Farms Partner to Modernize Southeast Asian Agriculture $3.7 million in development finance supports U.S.-led coconut and cocoa producer in Bali, boosting livelihoods for low-income farmers Financing comes through innovative OPIC offering to support impact investments WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S.... OPIC more...
Oct 29, 2015 University of Central Asia Receives Long-term OPIC Support to Complete its Second Campus in Khorog, Tajikistan The University of Central Asia (UCA) is rapidly progressing to complete the construction of its second campus in Tajikistan, scheduled to be ready by 2017, at a total capital layout of $94.4 million. Alongside a $64.4 million commitment from the Aga Khan Development Network (AKDN), including... OPIC more...
Oct 21, 2015 OPIC to finance up to $250 million in support of K-Electric Washington D.C. - K-Electric Limited (�K-Electric�) and the Overseas Private Investment Corporation (�OPIC�), the U.S. Government�s development finance institution, have executed a commitment letter for a US$250 million, 10-year financing project in a signing ceremony attended by the Honorable... OPIC more...
Oct 21, 2015 OPIC Partners with Lumos to Power Nigerian Homes and Businesses WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today signed an agreement recognizing a $15 million commitment by OPIC to finance Txtlight Power Solutions, Ltd. doing business as Nova-Lumos (Lumos), an off-grid electricity... OPIC more...
Oct 20, 2015 OPIC Partners with SolarReserve and ACWA Power to Develop Landmark South African Solar Energy Facility WASHINGTON �As part of Secretary John Kerry�s Climate and Clean Energy Investment Forum , the Overseas Private Investment Corporation (OPIC) today signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia-based ACWA Power , recognizing OPIC�s $400 million commitment... OPIC more...
Oct 13, 2015 USTDA Launches Best-Value Procurement Training in Ethiopia ADDIS ABABA, Ethiopia � Today, the U.S. Trade and Development Agency kicked off the first phase of its Procurement Assistance Program in Ethiopia under the Agency�s Global Procurement Initiative: Understanding Best Value (GPI). USTDA is providing 50 Ethiopian government officials with access to... USTDA more...
Sep 25, 2015 USTDA Strengthens Support for Energy Security in Romania BUCHAREST, Romania � Yesterday, the U.S. Trade and Development Agency awarded a grant to Romania�s national gas transmission company, Transgaz S.A., a public joint stock company. The grant funds a feasibility study to improve and confirm the technical design and economic and financial... USTDA more...
Sep 25, 2015 USTDA Supports 60 MW Solar Power Plant in Tanzania ARLINGTON, Va. � Today, the U.S. Trade and Development Agency awarded a grant to NextGen Solawazi Limited to support the development of a 60-megawatt (MW) solar photovoltaic power plant in Shinyanga, a city in northwestern Tanzania. The grant supports a feasibility study that will evaluate the... USTDA more...
Sep 23, 2015 USTDA Supports New Multi-Commodity Bulk Port in Bargny-Sendou, Senegal ARLINGTON, Va. � Today, the U.S. Trade and Development Agency awarded a grant to Senegal Minergy Port (SMP), a Senegalese company created to design, finance, build and operate a new multi-commodity bulk port in Bargny-Sendou. USTDA�s grant will fund a feasibility study to provide SMP with a... USTDA more...
Sep 23, 2015 USTDA Facilitates Energy Security in Morocco RABAT, Morocco � Yesterday, the U.S. Trade and Development Agency signed an agreement with Nador West Med SA to fund a feasibility study that will support the implementation of a hydrocarbon storage, blending and distribution terminal at the Port of Nador West Med, Morocco. By providing... USTDA more...
Sep 18, 2015 USTDA to Help India's Ministry of Railways Develop Leasing and Public-Private Partnership Frameworks NEW DELHI, India - In advance of next week�s U.S.-India Strategic & Commercial Dialogue, the U.S. Trade and Development Agency committed funding for a new transportation project that will promote bilateral technical cooperation in India�s expansive rail sector. �Rail networks form a... USTDA more...
Sep 17, 2015 OPIC Board of Directors Approves Over $1 billion in Financing for U.S.-led Development Projects Worldwide New projects will support private sector development in energy and inclusive access to finance WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today approved new financing and insurance support... OPIC more...
Sep 14, 2015 USTDA and CAF -- Development Bank of Latin America Partner to Support Infrastructure Development ARLINGTON, Va. � Last week, the U.S. Trade and Development Agency and CAF � Development Bank of Latin America signed a Memorandum of Understanding (MOU) to collaborate to support the development, financing and implementation of priority infrastructure projects in Latin America and the Caribbean.... USTDA more...
Sep 8, 2015 Helios Investment Partners Satisfies $50 million OPIC Loan Focused strategy to build African market leaders; private equity fund repays OPIC Helios awarded inaugural OPIC Impact Award for Private Equity in 2014 WASHINGTON � Helios Investment Partners (�Helios�) has repaid in full a $50 million loan to the Overseas Private Investment... OPIC more...
Sep 3, 2015 USTDA Supports Refinery Modernization in India Project Focuses on the Development of Cleaner Transportation Fuels NEW DELHI, India � Today, the U.S. Trade and Development Agency awarded a grant to the Bharat Petroleum Corporation Limited (BPCL), a state-owned refiner in India. The grant funds a feasibility study that will recommend... The Exporting Source more...
Sep 3, 2015 USTDA Supports Enhanced Passenger Screening at India's Airports NEW DELHI, India � In advance of the upcoming U.S.-India Strategic & Commercial Dialogue, the U.S. Trade and Development Agency awarded a grant to the Airports Authority of India (AAI) and Bureau of Civil Aviation Security (BCAS) to support a body scanner system pilot project at Delhi... The Exporting Source more...
Sep 1, 2015 USTDA Partners with the Philippines to Promote Value in Procurement MANILA, Philippines � Today, the U.S. Trade and Development Agency, in cooperation with the Philippine Government Procurement Policy Board�s Technical Support Office (GPPB-TSO), kicked off a three-day procurement workshop under USTDA�s Global Procurement Initiative: Understanding Best Value... USTDA more...
Aug 24, 2015 SBA Announces Funding to Boost Export Opportunities for Small Businesses STEP Program Awards $17.4 Million to Promote Small Business Global Trade WASHINGTON � Small businesses across the country will have access to $17.4 million in funding to help them enter and compete in the global marketplace, as the Small Business Administration (SBA) today announced that 40... SBA more...
Aug 18, 2015 USTDA Supports Efficiency Improvements to Brazil's Wastewater Treatment Systems SALVADOR, Brazil � Today, the U.S. Trade and Development Agency signed a grant agreement with the Empresa Baiana de �guas e Saneamento S.A. (EMBASA, or Bahia Water and Sanitation Company). The grant will fund a feasibility study to evaluate the technical, economic and financial feasibility of... USTDA more...
Aug 17, 2015 USTDA Advances Development of Biogas and Solar Power at Brazilian Landfills S�O PAULO, Brazil � Today, the U.S. Trade and Development Agency provided a grant to Solv� Valoriza��o Energ�tica for the development of a suite of landfill energy projects in various states throughout Brazil. The study will develop plans for the generation of onsite power through the harvesting... USTDA more...
Aug 7, 2015 USTDA Advances IT Modernization in Southern Brazil RIO GRANDE DO SUL, Brazil � Today, the U.S. Trade and Development Agency awarded a grant to the Companhia de Processamento de Dados do Estado do Rio Grande do Sul (PROCERGS), Rio Grande do Sul�s state information technology (IT) company. The $356,920 grant will provide technical assistance to... USTDA more...
Aug 3, 2015 USTDA Welcomes Turkish Stakeholders Building New Airport in Istanbul Atlanta, Ga. � Today, the U.S. Trade and Development Agency launched a five-day reverse trade mission (RTM) to further U.S. and Turkish commercial engagement in support of the development and operation of the new Istanbul airport. The RTM will connect the General Directorate of State Airports... USTDA more...
Aug 3, 2015 USTDA Promotes Modernization of Rail Information Technology in Brazil BRASILIA, Brazil � Today, the U.S. Trade and Development Agency awarded a grant to the Associa��o Nacional dos Transportadores de Passageiros sobre Trilhos (National Association of Passenger Rail, or ANPTrilhos). The grant will provide technical assistance to develop a roadmap and implementation... USTDA more...
Jul 30, 2015 USTDA Provides Training Grant to Dangote Oil Refining Company LAGOS, Nigeria � Today, the U.S. Trade and Development Agency signed a training grant with Dangote Oil Refining Company Ltd. to develop the critical human capacity resources necessary to successfully operate and maintain a greenfield petroleum refinery located in Lekki, Nigeria. USTDA�s grant... USTDA more...
Jul 29, 2015 USTDA Provides Training Grant to Ethiopian Airlines ADDIS ABABA, Ethiopia � This week, during President Obama�s trip to Ethiopia, the U.S. Trade and Development Agency concluded a training grant with Ethiopian Airlines to enhance the skills and capabilities of the Airlines� leadership and staff. USTDA�s grant will fund a multi-year leadership... USTDA more...
Jul 29, 2015 USTDA Supports Minigrid Solar Power Project in Tanzania DAR ES SALAAM, Tanzania� Today, the U.S. Trade and Development Agency provided a grant to Rex Energy, one of Tanzania�s largest renewable energy solutions providers, for a minigrid project in the Lake Victoria Islands, where only one percent of the population has access to electricity. The grant... USTDA more...
Jul 28, 2015 USTDA Partners with Ethiopia to Promote Good Governance & Pursue Excellence in Public Procurement ADDIS ABABA, Ethiopia � Today, in tandem with President Obama�s visit to Ethiopia, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Public Procurement and Property Administration Agency (FPPA) of the Federal Democratic Republic of Ethiopia to promote... USTDA more...
Jul 27, 2015 OPIC Announces Plans to Join Goldman Sachs 10,000 Women and IFC in the Women Entrepreneurs Opportunity Facility, Committing $100 Million to Enable 100,000 Women to Access Capital First-Ever Global Finance Facility Aims to Close the Global Credit Gap for Women Entrepreneurs President Obama Announces Plans for U.S. Government Investment at Global Entrepreneurship Summit in Kenya NAIROBI -- In remarks made during the 2015 Global Entrepreneurship Summit,... OPIC more...
Jul 27, 2015 White House Announces New USTDA Commitments to Support Increased Trade & Investment with Africa DDIS ABABA, Ethiopia � This week, during President Obama�s visits to Kenya and Ethiopia, the White House announced a number of new initiatives to strengthen trade and investment ties between the United States and Africa. They included the U.S. Trade and Development Agency�s efforts to increase... USTDA more...
Jul 27, 2015 U.S. Trade and Development Agency Relaunches Program in Republic of Kenya NAIROBI, Kenya � Last week, during President Barack Obama�s visit to Kenya, the White House announced that the U.S. Trade and Development Agency reached an agreement with the Government of the Republic of Kenya to reopen its programs in the country. USTDA�s portfolio in Kenya will support the... USTDA more...
Jul 25, 2015 OPIC and Kipeto Energy Sign Financing Agreement to Bring New Wind Power to Kenya $233 million from U.S. Development Finance Institution OPIC will support 100 megawatt, grid-connected wind energy facility Project fulfills U.S. commitment to Power Africa Initiative NAIROBI, KENYA � As part of President Obama�s Power Africa initiative, the Overseas Private... OPIC more...
Jul 24, 2015 OPIC and Microsoft begin financing discussions with Kenya's Mawingu Networks NAIROBI � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, today signed a mandate letter to begin financing discussions with Mawingu Networks, a provider of solar-powered wireless Internet across rural Kenya. OPIC�s President and CEO... OPIC more...
Jul 21, 2015 USTDA Partners with Nigerian Renewable Energy Company on Solar Power Project ARLINGTON, Va. � Today, during Nigerian President Muhammadu Buhari�s visit to the United States, the U.S. Trade and Development Agency provided a grant to Quaint Global Energy Solutions for a solar power project they are developing in northern Nigeria. �This project is a great example of how... USTDA more...
Jul 9, 2015 USTDA Commemorates 20th Anniversary of U.S.-Vietnam Relations by Supporting Two New Infrastructure Projects ARLINGTON, Va. � This week, the U.S. Trade and Development Agency commemorated the 20th anniversary of the normalization of diplomatic relations between the United States and Vietnam by signing two new grant agreements for infrastructure development projects. �In support of the U.S.-Vietnam... USTDA more...
Jul 1, 2015 USTDA Provides Training on U.S. Passenger Service System to Brazil's TAM Airlines WASHINGTON, District of Columbia � Yesterday, in conjunction with the visit of President Dilma Rousseff of Brazil to the United States, the White House announced that the U.S. Trade and Development Agency awarded a training grant to TAM Airlines in support of their procurement of a U.S. passenger... USTDA more...
Jun 26, 2015 California Small Business Exports Forklifts to Brazil Supported by EXIM-Guaranteed Buyer Financing from Northstar Trade Finance Financing will support 30 jobs Washington, D.C. � Wiggins Lift Co. Inc., a small-business manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support of medium-term buyer financing being guaranteed by the Export-Import Bank of the United States (EXIM... Ex-Im Bank more...
Jun 26, 2015 USTDA Supports Study on LNG Terminal with Panama Canal Authority PANAMA CITY, Panama � Today, the U.S. Trade and Development Agency awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal. When the Panama Canal expansion project is completed next year, the Canal is expected to handle... USTDA more...
Jun 25, 2015 USTDA Advances Coal Mine Methane Recovery in Colombia Supporting Commercial Efforts to Develop Energy Resources that Reduce Carbon Emissions BARRANQUILLA, Colombia � Today, the U.S. Trade and Development Agency awarded a grant to Generadora y Comercializadora de Energ�a del Caribe S.A. (GECELCA), a leading thermal generation company and... USTDA more...
Jun 25, 2015 Minority-Owned Houston Small Business Uses Exports to Reach New Heights Armed with financing from the Export-Import Bank, Equip XP expands workforce, grows international sales Washington, D.C. � Equip XP, a full-service minority-owned small business of 12 employees headquartered in Houston, Texas, has been exporting its quality construction, mining, energy,... Ex-Im Bank more...
Jun 25, 2015 OPIC to Support 20 MW Jamaican Solar Energy Facility Florida-based WRB Enterprises to develop Clarendon solar photovoltaic facility $47 million OPIC loan catalyzes private sector support for White House Caribbean Energy Security Initiative KINGSTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development... OPIC more...
Jun 24, 2015 USTDA Strengthens Support for Geothermal Energy Development in Turkey ISTANBUL, Turkey � This week, the U.S. Trade and Development Agency awarded a grant to Turcas BM Kuyucak Jeotermal Elektrik �retim A. S. (TBK), a Turkish joint venture owned primarily by BM Holding and Turcas Energy Holding. The grant funds a feasibility study that will evaluate the technical... USTDA more...
Jun 23, 2015 Export-Import Bank Approves Financing for Export of 144 American-Made Bridges to Sub-Saharan Africa Transaction will support jobs in Pennsylvania, Delaware, New Jersey, and several other states Washington, D.C. � The Export-Import Bank of the United States (EXIM) Chairman and President Fred Hochberg announced today in New Castle, Delaware that the Bank will finance the sale of Acrow... Ex-Im Bank more...
Jun 17, 2015 USTDA Expands Global Procurement Initiative to Romania BUCHAREST, Romania � Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Romanian Prime Minister�s Chancellery, adding another country partnership under the Agency�s Global Procurement Initiative: Understanding Best Value (GPI). Under the MOU, USTDA... USTDA more...
Jun 16, 2015 USTDA Supports Smart Grid Technology Pilot in Turkey ANKARA, Turkey - Today, the U.S. Trade and Development Agency announced an agreement with Kayseri ve Civari Elektrik T.A.S. (KCETAS), a leading electricity distribution company in Turkey. The agreement supports a pilot project designed to improve the generation, transmission and distribution... USTDA more...
Jun 11, 2015 OPIC Board of Directors Approves Financing and Insurance for Eight Development Projects Worldwide More than $1.5 billion approved in crucial sectors including energy, access to finance, telecommunications, and affordable housing WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, approved... OPIC more...
May 28, 2015 USTDA Supports Microgrid Expansion in Haiti PORT-AU-PRINCE, Haiti � Yesterday, the U.S. Trade and Development Agency awarded a grant to En�ji Pw�p, S.A., a Haitian social enterprise, for a feasibility study to assess and rank the viability of developing pre-pay microgrids in approximately 100 Haitian towns. �USTDA is pleased to... USTDA more...
May 27, 2015 USTDA Highlights Energy Financing and Investment at ECPA Ministerial Meeting M�RIDA, Mexico � U.S. Trade and Development Agency Regional Director Nathan Younge chaired the �Financing Energy Projects and Promoting Private Investment� roundtable as part of the Second Ministerial Meeting of the Energy and Climate Partnership of the Americas (ECPA) that began Monday in... USTDA more...
May 20, 2015 OPIC 2015 Impact Awards Recognize Excellence in International Development U.S. Government�s Development Finance Institution celebrates accomplishments of successful partners for their work in developing countries Winners exemplify central role of private sector investment in carrying out lasting international development WASHINGTON, D.C. � The Overseas... OPIC more...
May 20, 2015 USTDA Promotes IT Modernization in Brazil Aracaju, Brazil � Today, the U.S. Trade and Development Agency awarded a grant to the Empresa Sergipana de Tecnologia da Informa��o (Sergipe State Information Technology Company, or EMGETIS). The grant will provide technical assistance to help the state-owned entity develop a roadmap to expand... USTDA more...
May 19, 2015 FirstMerit Receives Presidential Award for Export Service AKRON, Ohio, May 19, 2015 /PRNewswire/ -- U.S. Secretary of Commerce Penny Pritzker presented FirstMerit Bank with the President's "E" Award for Export Service at a ceremony in Washington, D.C., on Monday, May 18, 2015. The President's "E" Award is the highest recognition any U.S. entity can... ITA more...
May 18, 2015 U.S. Secretary of Commerce Penny Pritzker Presents U.S. Companies with President's "E" Award for Export Success President�s �E� Award is one of the most prestigious business awards given out nationally each year Today, U.S. Commerce Secretary Penny Pritzker honored 45 American companies and organizations, many of which are small- and medium-sized enterprises (SMEs), at the 2015 President�s �E� Awards... ITA more...
May 14, 2015 USTDA Helps Launch Cybersecurity Innovation Center in Romania BUCHAREST, Romania � Yesterday, as a result of an ongoing feasibility study funded by the U.S. Trade and Development Agency in partnership with Fidelis Cybersecurity (Waltham, MA), the Romanian Government launched a cybersecurity innovation center (CIC). Under the leadership of the Centrul... USTDA more...
May 13, 2015 OPIC, Calvert Foundation Finalize Support to PAMIGA Finance, Spreading Renewable Resources Access in Rural Africa OPIC-backed microfinance facility to issue nearly 100,000 loans and impact the lives of almost 600,000 Africans Targeted lending will spread access to renewable, off-grid solar energy and micro-irrigation systems for populations previously underserved WASHINGTON � The Overseas... OPIC more...
Apr 29, 2015 Oklahoma Firm Named 2015 Small Business Exporter of the Year Award to be Presented at White House Ceremony as Part of National Small Business Week Celebrations WASHINGTON, D.C. � Sawyer Manufacturing Company, a global provider of pipeline and welding equipment with headquarters in Tulsa, Oklahoma, has been selected by the U.S. Small Business... SBA more...
Apr 28, 2015 USTDA Advances Aviation and Clean Energy Cooperation in China BEIJING, China � Yesterday, U.S. Trade and Development Agency Director Leocadia I. Zak met with USTDA�s Chinese partners to formalize cooperation efforts for new aviation and clean energy initiatives. Director Zak signed two grant agreements that address mutual priorities discussed during a... USTDA more...
Apr 27, 2015 OPIC to Launch Call for Global Development Investment Funds Proposals Fund managers working in developing countries encouraged to join competitive process open May 11- June 8 OPIC-supported funds help emerging economies access long-term growth capital, management skills, and financial expertise WASHINGTON � The Overseas Private Investment... OPIC more...
Apr 27, 2015 East West Bank Named SBA 2015 Export Lender of the Year Pasadena-based Bank Recognized at DC Ceremony WASHINGTON �East West Bank of Pasadena, Calif., was recognized as the 2015 Export Lender of the Year by the U.S. Small Business Administration (SBA), for its remarkable performance in providing $16.43 million in export financing to small... SBA more...
Apr 22, 2015 On Earth Day: Export-Import Bank Names Siemens Renewable Exporter of the Year American Made Wind Turbines Built in Kansas and Iowa Also Named As Part of �Deal of the Year� Washington, D.C. � In honor of Earth Day, the Export-Import Bank of the United States (Ex-Im Bank) announced today that it will present its Deal of the Year and Renewable Exporter of the Year awards... Ex-Im Bank more...
Apr 21, 2015 Export-Import Bank Names Droplet Measurement Technologies as Small Business Exporter of the Year Boulder, CO Company Employs a Team of 45 and Exports to Over 47 Countries Washington, D.C. � Today, the Export-Import Bank of the United States (Ex-Im Bank), announced that Droplet Measurement Technologies (DMT), a Boulder, Colorado small business that manufactures cutting-edge cloud and... Ex-Im Bank more...
Apr 17, 2015 The Export-Import Bank Announces First Recipients of Fiscal Year 2014 Export Awards Washington, D.C. � Today the Export-Import Bank of the U.S. (Ex-Im Bank) announced the first recipients of five of its annual export awards in advance of its 2015 Annual Conference to be held April 23-24 at the Omni Shoreham Hotel in Washington, DC. "We are pleased to recognize such... Ex-Im Bank more...
Apr 13, 2015 Citi and Microcred Senegal sign a FCFA 1.45 billion financing agreement to support the growth of microenterprises in Senegal With this transaction, Microcred Senegal will be able to finance over two thousand micro-entrepreneurs across Senegal. Dakar � Citi Senegal granted Microcred Senegal, a regulated deposit�taking microfinance institution in Senegal, a loan of FCFA 1,450,000,000 / US $2.5 million to drive and... OPIC more...
Apr 13, 2015 President Obama Announces USTDA's Involvement in Clean Energy Finance Facility for Central America & The Caribbean ARLINGTON, VA � Last week, President Obama announced the launch of the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA). Drawing upon the expertise of the U.S. Trade and Development Agency and the Overseas Private Investment Corporation, and in coordination with... USTDA more...
Apr 10, 2015 Ex-Im Bank Approves Financing for Sale of American-Made Helicopters for Use in Colombia's Offshore Oil and Gas Industry Transaction will support an estimated 200 aerospace-related jobs in Pennsylvania Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) has approved a $22.4 million loan guarantee to finance the export of U.S.-made AgustaWestland AW139 helicopters to North Pole... Ex-Im Bank more...
Apr 7, 2015 SBA Announces Cooperative Agreements Available for State Trade and Export Promotion SBA to Award $17 Million to Promote Small Business Exporting WASHINGTON, D.C. � Administrator Maria Contreras-Sweet, head of the U.S. Small Business Administration (SBA) announced today, on her one year anniversary at the helm of the agency that states will be able to apply for cooperative... SBA more...
Mar 31, 2015 Caspian Impact Investments raises $20 million in financing from OPIC WASHINGTON � Caspian Impact Investments (CII) today announced that it closed a debt financing commitment of $20 million from the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution. The OPIC commitment supports the growth of CII India, an... OPIC more...
Mar 30, 2015 USTDA Supports Solar Power Development in Burundi ARLINGTON, VA � Today, the U.S. Trade and Development Agency awarded a grant to Gigawatt Global Burundi S.A. to support the development of a 7.5-megawatt (MW) solar photovoltaic power plant in Mubuga, Burundi. The grant funds a feasibility study that will address key technical and economic... USTDA more...
Mar 27, 2015 USTDA Supports Development of Hydropower in Malawi LILONGWE, Malawi � Today, the U.S. Trade and Development Agency awarded a grant to the Ministry of Natural Resources, Energy and Mining (MNREM) of the Republic of Malawi. The grant will fund a feasibility study to support the development of a hydropower plant on the Luweya River, located in the... USTDA more...
Mar 27, 2015 OPIC Announces Pilot Program to Connect Development Projects with Potential Investors WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, is launching a pilot program to assemble complementary financial instruments to better catalyze capital for global development. The Aligned Capital Pilot Program will connect... OPIC more...
Mar 26, 2015 USTDA Strengthens Support of Wind Power Development in Vietnam Ho Chi Minh City, Vietnam � Today the U.S. Trade and Development Agency awarded a grant to the Cong Ly Construction-Trade-Tourism Company Ltd. to develop a 300-megawatt (MW) wind power project in Vietnam. The feasibility study grant will assist Cong Ly Ltd., a private sector firm that operates... USTDA more...
Mar 20, 2015 Export-Import Bank Small Business Success: Semi-Bulk Systems of Fenton, Mo. Washington, D.C. � Semi-Bulk Systems (SBS) is a manufacturer of modular engineered process solutions involving dry ingredient handling and dry and liquid mixing systems for the food, beverage, and paint industries based in Fenton, Mo. As a result of financing support provided by the... Ex-Im Bank more...
Mar 18, 2015 USTDA Promotes Green Port Development in China BEIJING, China � Today, the U.S. Trade and Development Agency awarded a grant to the China Waterborne Transport Research Institute (CWTRI), an entity under China�s Ministry of Transport, to pilot a communications system that utilizes U.S. technologies to reduce greenhouse gases, improve energy... USTDA more...
Mar 4, 2015 OPIC and Tunisian Banks to Support Economic Growth in Tunisia TUNIS -- The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today announced its support of the Tunisia Credit Guaranty Facility (TCGF) in partnership with leading Tunisian financial institutions Amen Bank, ATBandAttijari Bank. OPIC support... OPIC more...
Mar 2, 2015 USTDA Launches Value-Based Procurement Training for Vietnamese Delegation ARLINGTON, VA. � Today, the U.S. Trade and Development Agency welcomed 15 senior Vietnamese government officials to the United States for a two-week orientation visit on value-based procurement. The visit represents the second phase of the Procurement Assistance Program with Vietnam under... USTDA more...
Feb 19, 2015 OPIC Announces Nationwide Schedule of Expanding Horizons Small Business Workshops for 2015 WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, announced the 2015 schedule for Expanding Horizons, the Agency�s trademark series of traveling workshops designed to help U.S. small businesses grow and expand to developing... OPIC more...
Feb 9, 2015 Leaders of U.S.-China Aviation Cooperation Program Meet to Discuss Future Collaboration ARLINGTON, VA. � Last week, senior leaders of the U.S. Trade & Development Agency (USTDA), the Federal Aviation Administration (FAA), the Civil Aviation Administration of China (CAAC), and the U.S. civil aviation industry met to discuss ongoing and future collaboration under the U.S.-China... USTDA more...
Jan 27, 2015 While in India for Republic Day, OPIC Teams with YES Banks and Wells Fargo to Support Indian Small Business Growth WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, signed a memorandum of understanding today with India�s YES BANK to explore OPIC financing of up to $220 million to increase lending to micro, small and medium enterprises... OPIC more...
Jan 26, 2015 IFC, OPIC, Canada Provide $62.7 Million for Jamaica's Largest Private Sector Wind Farm Kingston, Jamaica � IFC, a member of the World Bank Group, with the support of the Government of Canada and along with the Overseas Private Investment Corporation (OPIC, the U.S. Government�s development finance institution) will help BMR Jamaica Wind Ltd. build, operate and maintain a 36.3 MW... OPIC more...
Jan 26, 2015 President Obama Highlights USTDA's Commitment to Renewable Energy in India NEW DELHI, INDIA � During his remarks at the U.S.-India Business Council Summit, President Obama announced �a series of U.S. initiatives that will generate more than $4 billion in trade and investment with India and support thousands of jobs in both of our countries.� These initiatives include... USTDA more...
Jan 13, 2015 USTDA Welcomes Two New Making Global Local Partners to Promote U.S. Exports ARLINGTON, VA �The U.S. Trade and Development Agency today announced its partnership with the Elgin Development Group (Illinois) and the City of Charlotte (North Carolina) through the Agency's Making Global Local program. �As we embark on a new year, USTDA looks forward to collaborating with... USTDA more...
Jan 12, 2015 Africa-focused Renewable Energy Initiative Reaches Full Commitment of Initial $20 million Investment WASHINGTON � The U.S.-Africa Clean Energy Finance (ACEF) initiative has reached a key milestone in deploying millions of dollars for renewable energy in Africa. In December, the U.S. Trade and Development Agency (USTDA), which links U.S. businesses to global infrastructure opportunities, and the... OPIC more...
Dec 22, 2014 USTDA Helps Improve Efficiency at New Water Treatment Plant in Brazil Project Will Promote the Inclusion of U.S. Technologies in Plant's Design Plans Rio de Janeiro, Brazil � Today, the U.S. Trade and Development Agency awarded a grant to help the Companhia Estadual de �guas e Esgotos (CEDAE), the primary water supplier and wastewater collection and... The Exporting Source more...
Dec 19, 2014 USTDA Helps Develop Clean Energy in the Dominican Republic Three New Projects Promote Adoption of Innovative Financing Mechanisms and Greener Technologies SANTA DOMINGO, DOMINICAN REPUBLIC � Today, the U.S. Trade and Development Agency awarded grants to three electricity sector entities in support of their efforts to deploy clean energy solutions in... USTDA more...
Dec 18, 2014 OPIC Achieves $3 Billion in Commitments for 2014, Catalyzing Billions More, While Supporting American Business Growth in Developing Countries Generates $358 million for U.S. Taxpayers, Marking 37th Consecutive Year of Helping to Reduce Federal Deficit New Record Achieved for Renewable Energy Commitments WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution,... OPIC more...
Dec 18, 2014 USTDA Supports Traffic Control Improvements in Mexico GUADALAJARA, MEXICO �Today, the U.S. Trade and Development Agency awarded a grant to help modernize traffic control systems and promote the adoption of intelligent transportation system (ITS) technologies in Guadalajara, Mexico�s second largest metropolitan area. Over the last decade, the... USTDA more...
Dec 17, 2014 Simpa Networks Announces Commercial Debt Financing to Scale Up Its Clean Electricity Solutions in Rural India $4 million from OPIC and GDF Suez provides financing to electrify 50,000+ households BANGALORE � Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has... OPIC more...
Dec 12, 2014 USTDA Awards Grants for Two Power Africa Projects Supports Hydropower Development in Tanzania and Rwanda ARLINGTON, VA � This week, the U.S. Trade and Development Agency awarded two grants to support the development of hydropower in Tanzania and Rwanda. These activities build upon USTDA�s long history of connecting U.S. industry to priority... USTDA more...
Dec 12, 2014 USTDA Partners with Electricity Distribution Companies in Nigeria Promotes U.S. Smart Grid Solutions to Increase Energy Access in Lagos LAGOS, NIGERIA � This week, the U.S. Trade and Development Agency signed memoranda of cooperation with the Eko and Ikeja Electricity Distribution Companies, who together serve nearly one million customers in the Lagos... USTDA more...
Dec 11, 2014 OPIC Board of Directors Approves New Financing Commitments WASHINGTON, D.C. � The Board of Directors of the Overseas Private Investment Corporation (OPIC) today held a quarterly meeting considering new projects for approval. OPIC is the U.S. Government�s Development Finance Institution, and through financing, insurance and support to private equity... OPIC more...
Dec 11, 2014 Ex-Im Bank Finances Export of American-made Bridge Components to Cameroon Transaction will support 200 U.S. jobs across New Jersey, Pennsylvania, and Delaware In keeping with its congressional mandates to boost small business exports and increase exports to sub-Saharan Africa, the Export-Import Bank of the United States (Ex-Im Bank) will guarantee a $50 million... Ex-Im Bank more...
Nov 18, 2014 Ex-Im Bank Chairman Hochberg Signs $1 Billion Memorandum of Understanding to Support U.S. Clean Energy Exports to India Announces the MOU at the India-US Technology Summit in Noida Washington, D.C. � Today, Export-Import Bank of the United States (Ex-Im Bank) Chairman Fred P. Hochberg signed a Memorandum of Understanding with Chairman K.S. Popli of the Indian Renewable Energy Development Agency (IREDA) that... Ex-Im Bank more...
Nov 13, 2014 OPIC Selects FMR Consulting Inc. As Originators in Enterprise Development Network WASHINGTON, D.C. �The Overseas Private Investment Corporation (OPIC) has selected FMR Consulting Inc. (FMR), a Washington, D.C. area financial services firm, to serve as an Originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding... OPIC more...
Nov 12, 2014 USTDA Supports APEC's Energy Efficiency and Emissions Reduction Efforts Strengthens U.S. Leadership in Global Fight against Climate Change BEIJING, CHINA - Yesterday, U.S. Trade and Development Agency Director Leocadia I. Zak concluded her participation in the Asia-Pacific Economic Cooperation (APEC) Ministerial and CEO Summit. Supporting APEC's theme of... USTDA more...
Nov 6, 2014 Ex-Im Bank Approves $200 Million to Support Renewable Energy Exports in FY 2014 Washington, D.C. � The Export-Import Bank announced today that it authorized approximately $200 million to finance U.S. renewable energy exports in FY 2014, bringing its total support to nearly $2 billion since 2009. Backed by a congressional mandate to support environmentally beneficial U.S.... Ex-Im Bank more...
Nov 3, 2014 OPIC and Global Communities Celebrate Seven Years of Successful Support to Entrepreneurs in Lebanon Washington, DC � Global Communities and the Overseas Private Investment Corporation (OPIC) are pleased to celebrate the completion of a 2007-signed Loan Guaranty Facility in Lebanon, in which OPIC provided a seven-year guaranty to four partner banks in Lebanon, to encourage lending during a... OPIC more...
Oct 31, 2014 USTDA Unveils Mexico Infrastructure Project Resource Guide During CG/LA Infrastructure Forum Highlights Infrastructure and Sector Development Plans for U.S. Companies WASHINGTON, DC � USTDA releases Major Infrastructure Projects in Mexico resource guide, providing valuable insight for U.S. industry on priority infrastructure projects throughout Mexico. The resource guide was... USTDA more...
Oct 30, 2014 Ex-Im Bank Guarantees $21 Million Export Loan Transaction Supports Hundreds of U.S. Jobs in Texas WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced its guarantee of a $21 million revolving loan facility by Cadence Bank to Jyoti Americas LLC for the export to Canada of lattice transmission towers... Ex-Im Bank more...
Oct 23, 2014 AFC Secures $100 million OPIC and JP Morgan Loan Lagos, Nigeria - The Africa Finance Corporation (AFC) has secured a US$ 100 million long term loan facility from the United States of America (US) Government�s development finance institution, Overseas Private Investment Corporation (OPIC), J.P. Morgan�s Corporate & Investment Bank. US$75... OPIC more...
Oct 20, 2014 USTDA Helps Implement Smart Grids in Turkey ANKARA, TURKEY � Today, the U.S. Trade and Development Agency announced agreements with two leading electricity distribution companies in Turkey for projects designed to increase the reliability and efficiency of the Turkish power grid. The two feasibility studies, with Bas,kent Elektrik Dag(?t?m... USTDA more...
Oct 15, 2014 Ex-Im Bank Signs Credit Agreement to Finance Export of American-made Locomotives to Indonesia Deal Supports 700 U.S. Jobs Washington, D.C. � Today Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred P. Hochberg, GE Transportation President and CEO Russell Stokes, and Indonesia's PT Kereta Api (PTKAI) of Jakarta President and CEO Ignasius Jonan signed a credit... Ex-Im Bank more...
Oct 1, 2014 SunEdison, EBRD and OPIC Close $50 Million Project Financing Arrangement for one of the Largest Solar Power Plants in Jordan BELMONT, Calif. (September 30, 2014) � SunEdison, Inc. (NYSE:SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced the closing of a $50 million debt financing arrangement with the European Bank for Reconstruction and Development (EBRD) and... OPIC more...
Oct 1, 2014 Ex-Im Bank Supports U.S. Jobs Through $1 Billion Guarantee of Pemex Bonds To Be Issued in the Capital Markets Guarantee of Pemex Bonds Will Support an Estimated 6,700 U.S. Jobs The Export-Import Bank of the United States (Ex-Im Bank) on Monday approved two authorizations totaling $1 billion in financing to support the export of U.S. goods and services to Petr�leos Mexicanos (Pemex), Mexico's... Ex-Im Bank more...
Sep 29, 2014 USTDA Promotes Rail Information Technology in Kazakhstan Supports Kazakhstan Temir Zholy in Modernizing its Information Technology and Management Information Systems ASTANA, KAZAKHSTAN � Today, the U.S. Trade and Development Agency awarded a technical assistance grant to Kazakhstan Temir Zholy (KTZ), Kazakhstan's state-owned rail company, to help... USTDA more...
Sep 25, 2014 OPIC Issues First Green Guaranties, Supporting Climate-Friendly Investments WASHINGTON � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, this week issued its first-ever Green Guaranties to eligible U.S. investors in domestic debt capital markets. These U.S. government-guaranteed obligations adhere to the Green... OPIC more...
Sep 24, 2014 USTDA Supports Clean Energy in Indonesia JAKARTA, INDONESIA � Today, the U.S. Trade and Development Agency awarded a grant to PT. Ladang Nusa Gas (PT. LNG) to develop a liquefied natural gas (LNG) project in East Java, Indonesia. The grant will assist PT. LNG, a private sector firm that specializes in developing LNG projects in... USTDA more...
Sep 24, 2014 Vital Capital Closes Financing for Luanda Medical Center with U.S. Government's Overseas Private Investment Corporation WASHINGTON, D.C. � Vital Capital Fund is pleased to announce that the Overseas Private Investment Corporation (OPIC) recently closed a USD $9.8 million loan to support the Luanda Medical Center, a world class medical clinic designed to provide high quality healthcare and diagnostic services for... OPIC more...
Sep 23, 2014 USTDA Promotes Agribusiness in Egypt CAIRO, EGYPT � Today, the U.S. Trade and Development Agency awarded a grant to Hama for Food Industries, a leading Egyptian citrus supplier, in support of its plans to expand its processing and packing facilities. The feasibility study will provide recommendations on the implementation of... USTDA more...
Sep 19, 2014 OPIC Board of Directors Strengthens Commitment to Lasting African Development WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s Development Finance Institution, has approved support to an investment fund focused on promoting economic growth in Africa. OPIC�s board approved a $100 million commitment to... OPIC more...
Sep 18, 2014 USTDA Helps Modernize Transit Systems and Power Grids in Vietnam HO CHI MINH CITY, VIETNAM � Today, U.S. Trade and Development Agency Director Leocadia I. Zak signed two grants with the Agency's partners in Vietnam to support efforts to modernize the country's infrastructure. These activities build upon USTDA's history of connecting its Vietnamese partners to... USTDA more...
Sep 16, 2014 USTDA Advances Aviation and Energy Infrastructure in the Philippines MANILA, PHILIPPINES � Today, the U.S. Trade and Development Agency awarded two grants to its partners in the Philippines to support their efforts to modernize the country's aviation and energy sectors. USTDA Director Leocadia I. Zak emphasized the Agency's longstanding commitment to leveraging... USTDA more...
Sep 15, 2014 USTDA Promotes Green Locomotive Technologies in Mexico Strengthens Partnership with Mexico's National Railroad Association WASHINGTON, DC � The U.S. Trade and Development Agency awarded a grant to the Asociaci�n Mexicana de Ferrocarriles (AMF) to speed the adoption of green power technologies throughout Mexico's freight rail locomotive fleet.... USTDA more...
Sep 2, 2014 USTDA Supports Geothermal Power Plant in Colombia Builds Upon Activities in Renewable Energy and Smart Grid MEDELL�N, COLOMBIA � Last week, the U.S. Trade and Development Agency awarded a grant to Empresas P�blicas de Medell�n E.S.P. (Public Enterprises of Medell�n, or EPM) to evaluate the technical, economic and financial feasibility of... USTDA more...
Aug 25, 2014 Ex-Im Financing Supports the Export of Wind Turbines made in Kansas and Iowa to Peru The sale will support approximately 800 jobs in those states Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) has authorized a pair of direct loans to two wind power projects in Peru for the export of wind turbines manufactured in Hutchinson, Kan., and Fort... Ex-Im Bank more...
Aug 20, 2014 USTDA Promotes Improved Data Hosting in Colombia BOGOT�, COLOMBIA � Today, the U.S. Trade and Development Agency signed a grant agreement with the C�mara Colombiana de Inform�tica y Telecomunicaciones (Colombian Chamber of Information Technology and Telecommunications, or CCIT), a leading industry association headquartered in Bogot�, to support... USTDA more...
Aug 5, 2014 Ex-Im Bank and Angola Sign Memorandum of Understanding To Boost U.S.-Angolan Trade Ex-Im Bank-Angola MOU Signed During U.S.-Africa Leaders Summit in Washington, D.C. Washington, D.C.: � The Export-Import Bank of the United States (Ex-Im Bank) has signed a memorandum of understanding (MOU) with Angola to boost job growth in both countries by strengthening collaboration on... Ex-Im Bank more...
Aug 5, 2014 Ex-Im Bank Approves Record $1.7 Billion in Financing of U.S. Exports to Sub-Saharan Africa $3 Billion in Financing Support Pledged for U.S. Exports Over the Next 2 Years Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) announced today that it has authorized a record $1.7 billion in financing to support U.S. exports to sub-Saharan Africa over the past 10... Ex-Im Bank more...
Aug 5, 2014 American Capital Energy & Infrastructure's Azura-Edo Power Project Receives $50 Million Financing Commitment from OPIC Washington, DC � American Capital Energy & Infrastructure (ACEI) announced today that the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, has approved up to $50 million in direct financing to support construction and operation of the... OPIC more...
Aug 4, 2014 USTDA Establishes Partnership with Vietnam on Value-Based Procurement Provides Training to 150 Public Procurement Officials in Three Cities HANOI, VIETNAM � Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding with the Public Procurement Agency (PPA) of Vietnam, establishing the Agency's second country partnership under the... USTDA more...
Jul 15, 2014 Itau Unibanco Closes Financing with OPIC S�o Paulo, Brazil - Ita� Unibanco, the biggest bank in Latin America by market value, announced today that it has secured financing of US$400 million from the Overseas Private Investment Corporation (OPIC), the U.S. government�s development finance institution, with an additional US$80 million... OPIC more...
Jul 10, 2014 Ex-Im Bank Finances Export of U.S.-Manufactured Wind Turbines to Talas de Maciel Wind Farm in Uruguay Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) is providing a $64.5 million direct loan to Astidey S.A., in Montevideo, Uruguay, for the purchase of U.S.-manufactured wind-turbine generators being exported by Gamesa Technology Corporation Inc., headquartered in... Ex-Im Bank more...
Jul 9, 2014 The Export-Import Bank Continues to Open Doors for U.S. Small Businesses to Export to China in 2014 Direct and indirect small business support part of record-high $1.8 billion authorizations for exports to China year-to-date SHENZHEN, CHINA � As the Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred Hochberg tours China to encourage the purchase of Made-in-America... Ex-Im Bank more...
Jul 8, 2014 USTDA Supports China's Efforts to Combat Global Climate Change Signs Three Grants ahead of U.S.-China Strategic & Economic Dialogue BEIJING, CHINA � Today, U.S. Trade and Development Agency Director Leocadia I. Zak signed grants for three activities that support the United States' and China's joint commitment to mitigating the effects of global... USTDA more...
Jun 30, 2014 SunEdison, IDB, OPIC and CorpBanca close US$190 Million Project Financing for the Largest Merchant Solar Plant in Latin America BELMONT, California � SunEdison, Inc. (NYSE:SUNE), a leading global solar technology manufacturer and provider of solar energy services today announced the closing of a US$ 155 million non-recourse debt financing arrangement with OPIC (Overseas Private Investment Corporation), the U.S.... OPIC more...
Jun 30, 2014 USTDA Promotes Gas-Fired and Renewable Power in Kazakhstan Supports Batys Transit in Expanding Clean Power Generation ALMATY, KAZAKHSTAN � Today, the U.S. Trade and Development Agency awarded a grant to Batys Transit joint stock company (BTTR) to support a feasibility study for a gas-fired power plant project in northwest Kazakhstan. The grant will... USTDA more...
Jun 24, 2014 Citi, OPIC and ACBA Credit Agricole Bank Support the Growth of the Microfinance Sector in Armenia New York � Citi and the Overseas Private Investment Corporation (OPIC) today announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA Credit Agricole Bank�s agribusiness microfinance portfolio in the Republic of Armenia. The arrangement... OPIC more...
Jun 23, 2014 USTDA Strengthens Partnership with Botswana on Value-Based Procurement Provides Procurement Advisors to Botswana's Ministry of Minerals, Energy and Water Resources GABORONE, BOTSWANA � Today, the U.S. Trade and Development Agency awarded a grant to the Republic of Botswana's Ministry of Minerals, Energy and Water Resources (MMEWR) to enhance the Agency's... USTDA more...
Jun 18, 2014 Ex-Im Bank Approves Financing to Export American Power-Generation Equipment Deal Supports U.S Manufacturing Competitiveness and Supports 100 American Jobs Washington, D.C. � The Board of the Export-Import Bank of the United States (Ex-Im Bank) has voted to guarantee a $15 million loan extended by Rabobank International of Utrecht, Netherlands, to Energyst B.V. to... Ex-Im Bank more...
Jun 12, 2014 OPIC Board of Directors Approves New Financing Commitments WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation convened today for a quarterly meeting considering new projects for approval. OPIC is the U.S. Government�s Development Finance Institution, and through financing, insurance and support to private equity investment... OPIC more...
Jun 12, 2014 USTDA Accelerates the Deployment of Distributed Energy Resources in India Improving the Reliability and Carbon Footprint of Tata Power's Delhi Distribution Operations NEW DELHI, INDIA � Today, the U.S. Trade and Development Agency awarded a grant to Tata Power Delhi Distribution Limited (TPDDL), a leading electricity distribution company in India, for the... USTDA more...
Jun 10, 2014 OPIC Board of Directors Commits to Lake Turkana Wind Power Project, Affirms Power Africa Pledge WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, has approved an investment guaranty of up to $250 million to support construction of the Lake Turkana Wind Power project in northern Kenya. OPIC... OPIC more...
Jun 9, 2014 MIGA and OPIC Team Up to Support Private Equity Fund, Supporting Half a Million Small Farmers in Sub-Saharan Africa The U.S. Overseas Private Investment Corporation (OPIC) and the Multilateral Investment Guarantee Agency (MIGA) announced today a $350 million political risk facility to support agribusiness investments in countries throughout sub-Saharan Africa, contributing to improved food security and... OPIC more...
Jun 6, 2014 USTDA Expands Commitment to Renewable Energy Development in South Africa JOHANNESBURG, SOUTH AFRICA� Today, U.S. Trade and Development Agency Director Leocadia I. Zak signed grants for three renewable energy projects in South Africa. "USTDA remains committed to fostering sustainable economic growth in South Africa," said Director Zak. "These activities support... USTDA more...
Jun 4, 2014 OPIC President Presents Framework for Energy Progress in Power Africa ADDIS ABABA � Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), presented a set of guidelines aimed at increasing private sector investment in the power sector in developing countries while speaking today at the U.S.-Africa Energy Ministerial, a... OPIC more...
Jun 3, 2014 Export-Import Bank Announces Over $1 Billion Authorized for U.S. Exports to sub-Saharan Africa in First Seven Months of Fiscal Year 2014 Ex-Im Bank Chairman Fred P. Hochberg makes announcement during U.S.-Africa Energy Ministerial in Ethiopia Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced that the Bank has authorized $1.1 billion to finance U.S. exports to sub-Saharan Africa in the... Ex-Im Bank more...
Jun 3, 2014 USTDA Promotes Cyber Security Solutions in Romania Enhances the Security of Romania's National Computer Security Incident Response Team BUCHAREST, ROMANIA � Earlier today, the U.S. Trade and Development Agency awarded a grant to Centrul National de Raspuns la Incidente de Securitate Cibernetica (CERT-RO), Romania's national computer security... USTDA more...
May 30, 2014 OPIC Committed $2.7 billion to High-Impact Sectors in 2013 WASHINGTON � The Overseas Private Investment Corporation is proud to release for the first time a detailed picture of its Fiscal Year 2013 commitments in the impact investing space. OPIC has long been a leader in defining impact investing, which leverages private capital to invest for positive... OPIC more...
May 22, 2014 USTDA Director Announces New Cooperation Activities in Nigeria Concludes Energy Business Development Mission with Grant Signings LAGOS, NIGERIA � Today, U.S. Trade and Development Agency Director Leocadia I. Zak concluded her participation in the Energy Business Development Mission to West Africa with three grant signings for energy projects in... USTDA more...
May 21, 2014 Ex-Im Bank Sets Goal of $2 Billion in Financing of U.S.-Manufactured Business Aircraft and Helicopters in 2014 Bank Expects To Achieve New Goal by Year�s End Washington, D.C. � Today the Export-Import Bank of the United States (Ex-Im Bank) announced a new goal of $2 billion in financing for U.S.-manufactured business aircraft and helicopters by the end of 2014. The Bank reached its previously... Ex-Im Bank more...
May 6, 2014 Ex-Im Bank Launches Simpler Letter of Interest Application New Online Format Makes It Easier for U.S. Businesses to Finance Exports Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today activated an updated online Letter of Interest application , designed to accelerate the process of financing exports. The new tool's... Ex-Im Bank more...
Apr 23, 2014 SBA Honors 2014 Export Lenders of the Year Citibank and GBC International Recognized at Export Lenders Roundtable, in Washington, D.C. WASHINGTON � Today, Citibank, N.A. and GBC International Bank were honored as the top 2014 Export Lenders of the Year by the U.S. Small Business Administration, for large and small lending... SBA more...
Apr 21, 2014 SBA Announces Grants Available for State Trade and Export Promotion SBA to Award $8 Million to Promote Small Business Exporting WASHINGTON, D.C. � The SBA announced today that for the third year, states will be able to apply for grants from the U.S. Small Business Administration starting April 21 to support efforts to increase exporting by small businesses.... SBA more...
Apr 14, 2014 Ex-Im Bank and MBDA Announce Expansion of its Partnership Washington, D.C. � The Minority Business Development Agency (MBDA) and the Export-Import Bank of the United States (Ex-Im Bank) have announced an expansion of their partnership to help small minority- and women-owned export businesses obtain loans so they can have greater access to foreign... Ex-Im Bank more...
Apr 11, 2014 Ex-Im Bank Signs $100 Million Agreement with PTA Bank Washington, DC � Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Admassu Tadesse, president and chief executive of the Eastern and Southern African Trade and Development Bank (PTA Bank), signed a $100 million memorandum of understanding... Ex-Im Bank more...
Apr 8, 2014 USTDA Supports Development of Solar Power Plant in Tanzania Utilizes US-ACEF Resources to Advance Goals of Power Africa ARLINGTON, VA � Today, the U.S. Trade and Development Agency awarded a grant to NextGen Solawazi Limited to support the implementation of a 5 megawatt (MW) solar photovoltaic power plant in Kigoma, Tanzania. The grant was signed... USTDA more...
Apr 4, 2014 Ex-Im Bank Signs Partnership with World Trade Center Charleston Enhances Access to Financing WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced its working partnership with Charleston Metro Chamber of Commerce and World Trade Center Charleston (WTCC) in South Carolina.The City/State Partnership program gives... Ex-Im Bank more...
Apr 3, 2014 OPIC Selects Premium Consulting, HAMMKE SAS as Originators in Enterprise Development Network WASHINGTON, D.C. � The Overseas Private Investment Corporation (OPIC) has selected two organizations � Premium Consulting, a Lagos, Nigeria-based business and financial advisory firm, and HAMKKE, SAS, a Colombian consulting firm specializing in international business and corporate services � to... OPIC more...
Apr 1, 2014 USTDA Supports Clean Drinking Water Project in Mexico ARLINGTON, VA � The U.S. Trade and Development Agency awarded a grant this week to Mexico's State Water Commission of Durango to support its efforts to provide clean drinking water in the State of Durango. The feasibility study will fund a pilot project to demonstrate the effectiveness of... USTDA more...
Apr 1, 2014 USTDA to Highlight Trade & Development Opportunities in Latin American & the Caribbean in April RLINGTON, VA � The U.S. Trade and Development Agency will be promoting its programs, as well as potential U.S. export opportunities, in the Latin American and the Caribbean (LAC) region on its social media platforms throughout the month of April. Since its inception, USTDA has successfully... USTDA more...
Mar 26, 2014 OPIC Board of Directors Approves Financing for Wells Fargo SME Portfolio WASHINGTON � In a quarterly meeting March 20, the Board of Directors of the Overseas Private Investment Corporation (OPIC) approved a $200 million financing guaranty to Wells Fargo in support of the U.S. Bankers� Guaranteed Lending Facility, a lending program designed to assist U.S.-owned small... OPIC more...
Mar 26, 2014 USTDA Launches Tenth Phase of U.S.-China Aviation Cooperation Program Builds upon Strong History of Support for U.S. Companies in Chinese Aviation Market BEIJING, CHINA � Today, the U.S. Trade and Development Agency and the Civil Aviation Administration of China (CAAC) signed a series of grants to inaugurate the tenth phase of the U.S.-China Aviation... USTDA more...
Mar 25, 2014 GOL Issues $41 Million Ex-Im Bank-Guaranteed Bond for Services Exported by Delta TechOps, MRO Division of Delta Air Lines Ex-Im Bank-guaranteed financing supports an estimated 400 jobs at Delta TechOps Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced the successful issuance of an Ex-Im Bank-guaranteed bond funded by the capital markets that raised $40.7 million for the... Ex-Im Bank more...
Mar 24, 2014 OPIC Board of Directors Approves Risk-Sharing Frameworks with Citi WASHINGTON � In a quarterly meeting March 20, the Overseas Private Investment Corporation�s (OPIC) Board of Directors approved two framework agreements that will align OPIC with Citi, the leading global bank, in sharing credit risk for development financing in overseas projects. The global... OPIC more...
Mar 21, 2014 Ex-Im Bank Signs $1 Billion MOU with Philippine Department of Energy Washington, DC � Patricia Loui, board of director for the Export-Import Bank of the United States (Ex-Im Bank), and Raul B. Aguilos, undersecretary for the Department of Energy (DOE) of the Republic of the Philippines, signed a $1 billion memorandum of understanding (MOU) at a ceremony in Manila... Ex-Im Bank more...
Mar 20, 2014 OPIC Board of Directors Approves Commitment to Negev Solar Power Plant WASHINGTON � The Board of Directors of the Overseas Private Investment Corporation (OPIC) today approved a $250 million loan to Negev Energy-Ashalim Thermo-Solar, Ltd. to support construction of a 110-megawatt concentrated solar power (CSP) plant in Israel�s Negev Desert. This will be the... OPIC more...
Mar 20, 2014 OPIC Provides Groundbreaking Loan to FINCA Microfinance Holding Company WASHINGTON � In a ceremony held March 14, the Overseas Private Investment Corporation, the U.S. government�s development finance institution, recognized the closing of a $45 million loan to the FINCA Microfinance Holding Company, LLC (FMH). OPIC�s loan is a pioneering one for the global... OPIC more...
Mar 20, 2014 USTDA Supports New Petrochemical Production in Nigeria Partners with Honeywell Group of Nigeria to Diversify Petrochemical Industry WASHINGTON, DC � Today, the U.S. Trade and Development Agency awarded a grant to Honeywell Group Limited (Lagos, Nigeria) for a project that will assess different product streams for fertilizer and petrochemical... USTDA more...
Mar 20, 2014 USTDA Supports Renewable Energy Development in Turkey Awards Grant for Hydrokinetic Power Generation Project ANKARA, TURKEY � Today, the U.S. Trade and Development Agency awarded a $669,875 grant to Turkey's largest power generation company, the Electricity Generation Company (EUAS), in support of its efforts to expand its capacity to... USTDA more...
Mar 19, 2014 Ex-Im Bank-backed Orosi Project Wins Latin American Wind Deal of the Year 2013 Washington, D.C. � The Inversiones Eolicas de Orosi Dos S.A. (Orosi) Wind Project, a 50-megawatt wind farm in Costa Rica backed by Export-Import Bank of the United States (Ex-Im Bank) credit, received the Latin American Wind Deal of the Year 2013 from Project Finance Magazine. "We thank... Ex-Im Bank more...
Mar 18, 2014 Ex-Im Bank Partners With FCIB Association Accelerates Access to Export Financing WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced its cross-marketing partnership with thousands of credit and finance professionals who are represented by the Finance, Credit and International Business... Ex-Im Bank more...
Mar 12, 2014 USTDA Concludes High-Level Engagement at U.S.-India Energy Dialogue and India Aviation 2014 Highlights Progress and New Programs to Strengthen Bilateral Cooperation NEW DELHI & HYDERABAD � USTDA is continuing to strengthen its relationship with India's vital aviation and energy sectors as Director Leocadia I. Zak participates in the U.S.-India Energy Dialogue in New Delhi and... USTDA more...
Mar 12, 2014 USTDA Promotes Aviation Safety in Azerbaijan USTDA Supports Azerbaijan Reaching Category 1 Aviation Safety Rating from the FAA BAKU, AZERBAIJAN � The U.S. Trade and Development Agency (USTDA) congratulates the Republic of Azerbaijan's State Civil Aviation Authority (SCAA) on achieving Category 1 Aviation Safety Rating, in compliance... USTDA more...
Mar 11, 2014 OPIC Announces Inaugural Impact Award Winners WASHINGTON, D.C. � The Overseas Private Investment Corporation presented awards for excellence in development finance in a ceremony held today at the U.S. Chamber of Commerce. These �Impact Awards� were an inaugural event for OPIC, the U.S. Government�s Development Finance Institution. The... OPIC more...
Mar 5, 2014 USTDA Partners with the Republic of Botswana to Pursue Excellence in Public Procurement GABORONE, BOTSWANA � Today, the U.S. Trade and Development Agency signed a Memorandum of Understanding (MOU) with the Republic of Botswana's Public Procurement and Asset Disposal Board (PPADB), outlining a joint commitment to establish best-value procurement practices and policies in Botswana.... USTDA more...
Mar 1, 2014 ITA Ensures Access for U.S. Pipe Producer in the Mexican Market The Department of Commerce's International Trade Administration (ITA) helped Ohio-based Advanced Drainage Systems (ADS) to overcome a foreign trade barrier that limited the pipe manufacturer's market access in Mexico. ITA is making our international trade agreements work for ADS and the United... ITA more...
Feb 27, 2014 USTDA Launches Asia-Pacific Clean Energy Program Interagency Effort Supports Clean Energy Development in Southeast Asia Washington, D.C. - Today, the U.S. Trade and Development Agency joined the Overseas Private Investment Corporation (OPIC) and the U.S. Department of State to officially launch the Asia-Pacific Clean Energy Program... USTDA more...
Feb 21, 2014 Ex-Im Bank Tops $1 Billion in Financing for American Business Aircraft and Helicopters Bank Approves $300 Million for Export of Gulfstream Aircraft to China, Supports 2,100 U.S. jobs Washington, D.C. � Today the Export-Import Bank of the United States (Ex-Im Bank) announced it has topped $1 billion in support of American-made business-aircraft and helicopter financings since... Ex-Im Bank more...
Feb 7, 2014 Brazil and the United States to Cooperate on Job-Creating Investments Department of Commerce SelectUSA and Apex-Brasil cement agreement to promote increased investment BRASILIA, Brazil � Acting Under Secretary of Commerce Ken Hyatt and Brazilian Trade and Investment Promotion Agency (Apex-Brasil) Director of Corporate Management Tatiana Porto today signed an... ITA more...
Feb 6, 2014 Ex-Im Bank Opens for Short-Term and Medium-Term Financing in Burma Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) announced today that it will open for business in Burma to help finance short-term and medium-term U.S. export sales. "Today the Export-Import Bank is sending a strong signal that we are committed to strengthening... Ex-Im Bank more...
Jan 22, 2014 USTDA Promotes Smart Grid Implementation in Manila Clean Energy Pilot Project Builds on USACEP Cooperation MANILA, PHILIPPINES � Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to the Manila Electric Company (MERALCO), the largest power distribution utility in the Philippines, to modernize its distribution systems and... USTDA more...
Jan 14, 2014 OPIC Selects The Capital Maverick Group, LLC as Originator in Enterprise Development Network WASHINGTON, D.C. �The Overseas Private Investment Corporation (OPIC) has selected The Capital Maverick Group, LLC, a Houston, Texas-based Global Financial Advisory Firm focused on Impact Investing, to serve as an Originator for a growing alliance with the private sector designed to support small... OPIC more...
Dec 19, 2013 Ex-Im Bank Approves $694 Million to Finance Export of U.S. Mining and Rail Equipment to Australia Transaction Supports 3,400 U.S. Jobs Washington, D.C. � In a decision that will support thousands of U.S. jobs, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $694.4 million loan to Roy Hill Holdings of Australia contingent upon the purchase of U.S. mining and rail... Ex-Im Bank more...
Dec 19, 2013 Ex-Im Bank Finalizes Agreement for U.S. Export Transaction to Mongolia WASHINGTON, D.C. � Officials from the Export-Import Bank of the United States (Ex-Im Bank) and MIAT Mongolian Airlines (MIAT) participated in a signing ceremony today that finalized the export of a U.S. Boeing 767-300ER aircraft with GE engines to MIAT. Ex-Im Bank Chairman and President Fred... Ex-Im Bank more...
Dec 17, 2013 Bolstering Education and Opportunities for Kenyan Schoolchildren OPIC and Bridge International Building Affordable Schools in Kenya Washington, DC � The Overseas Private Investment Corporation (OPIC) and Bridge International Academies today announced their commitment to build and operate 237 affordable schools throughout Kenya. The schools, estimated... OPIC more...
Dec 16, 2013 Ex-Im Bank Approves $45 Million to Finance the Export of U.S. Turbine Products to Israel Supports 100 U.S. Jobs Washington, D.C. � The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a $44.8 million loan extended by G.E. International Inc. to Mashav Initiating and Development Ltd. (Mashav) that will facilitate the export of power-plant... Ex-Im Bank more...
Dec 13, 2013 Financing for Closes for OPIC-Supported Chilean Hydroelectric Power Plant WASHINGTON, D.C. � The Overseas Private Investment Corporation (OPIC) recently closed a $245 million loan to Alto Maipo SpA for the construction of a hydroelectric power plant east of Santiago, Chile. The power plant will be a key generation facility for Santiago and reduce electricity costs, as... OPIC more...
Dec 12, 2013 Export-Import Bank Board Adopts Revised Environmental Guidelines to Reduce Greenhouse Gas Emissions Washington, DC � The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) today adopted revisions to its environmental procedures and guidelines governing high-carbon intensity projects, aligning the Bank with President Obama�s goal of reducing carbon pollution, while... Ex-Im Bank more...
Dec 5, 2013 Ex-Im Bank Approves $641 Million to Finance the Export of U.S.Refinery Equipment to Turkey Transaction Supports 3,000 Jobs Washington, D.C. � In a boost for U.S. jobs, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $640.7 million direct loan to Star Refineri A.S. (Star) of Istanbul, Turkey, that will finance the export of American-made oil refinery... Ex-Im Bank more...
Dec 2, 2013 USTDA Accelerates Clean Energy for Telecom Towers in India Solar Hybrid Methanol Fuel Cells Project Builds on U.S.-India Energy Cooperation MUMBAI, INDIA � This week, USTDA awarded a grant to Idea Cellular Limited, a leading mobile service provider in India, to support the development of clean energy technologies for India's telecom sector. The... USTDA more...
Nov 27, 2013 USTDA Expands Renewable Energy Cooperation under USACEP GE to Partner with Vietnamese Government to Explore Wind Power Integration HANOI, VIETNAM � Today, the Electricity Regulatory Authority of Vietnam (ERAV) and General Electric International (GE; Schenectady, NY) signed a contract to develop a wind grid code for the country's electric... USTDA more...
Nov 26, 2013 Ex-Im Bank Approves $61.1 Million for Export of U.S.-Made Wind-Turbine Generators to Costa Rica WASHINGTON, Nov. 26, 2013 -- The Export-Import Bank of the United States (Ex-Im Bank) has approved a $61.1 million direct loan to Inversiones Eolicas de Orosi Dos S.A. (Orosi), a subsidiary of the leading Central American wind-generation company Globeleq Mesoamerica Energy, for the purchase of... Ex-Im Bank more...
Nov 20, 2013 SunEdison, IFC and OPIC close US$100.4MM Project Financing Arrangement for the Largest Merchant Solar Plant in Latin America BELMONT, California � SunEdison, Inc. (NYSE:SUNE), a leading worldwide solar energy services provider today announced the closing of a $100.4 million non-recourse debt financing arrangement with the Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance... OPIC more...
Nov 19, 2013 OPIC Selects LMB Consultants Limited as Originator in Enterprise Development Network WASHINGTON, D.C. �The Overseas Private Investment Corporation (OPIC) has selected LBM Consultants Limited, an independent consultancy and advisory services firm registered in England and Wales, to serve as an Originator for a growing alliance with the private sector designed to support small and... OPIC more...
Nov 14, 2013 Ex-Im Bank Authorizes Wells Fargo to Lend for US Small Business Exports to Singapore Supports Jobs in Four Western States WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced that two small businesses employing 165 workers in Wyoming and Texas are enabled to export about $7 million worth of nitrogen pumps to an energy-industry company... Ex-Im Bank more...
Nov 7, 2013 Ex-Im Bank and FedEx Join Forces to Empower U.S. Businesses to Export New Agreement Creates Collaboration to Help Small Businesses Reach Customers Overseas Washington, DC � The Export-Import Bank of The United States (Ex-Im Bank) and FedEx have announced an innovative new alliance that will help U.S. small and medium-sized businesses (SMEs) reach the 95% of... Ex-Im Bank more...
Nov 6, 2013 SunEdison Announces R1.8 Billion in Funding for 66mw Boshof Solar Park OPIC to provide US$185 million in foreign debt funding in for third South Africa project Johannesburg, South Africa and Belmont, Calif. [November 6, 2013] � Leading global solar energy services and technology provider SunEdison (NYSE:SUNE) today announced it had secured R1.8 billion ($185... OPIC more...
Oct 23, 2013 OPIC Launches New Global Call for Emerging Market Private Equity Managers WASHINGTON, D.C. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today launched a call for proposals to support qualified private equity investment funds in emerging markets worldwide. OPIC will consider providing between $35 million... OPIC more...
Sep 30, 2013 USTDA Supports Aviation Development in India Three new activities build upon cooperative dialogue NEW DELHI, INDIA � USTDA underscored the breadth of its engagement in India's aviation market by concluding three grant activities with India's civil aviation agencies that will introduce U.S. technologies and best practices to key... USTDA more...
Sep 30, 2013 Ex-Im Bank Supports Export of U.S. Aircraft for Food Security in Brazil WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced support for a seven-figure purchase of two new American agricultural aircraft by Jose Antonio Goncalves Viana, a soybean and corn agribusiness in Brazil. The buyer is a repeat customer of Air Tractor Inc.... Ex-Im Bank more...
Sep 25, 2013 OPIC and Citi to Leverage up to $200 Million in Financing to Connect Micro and Small Enterprises with Corporate and Financial Institutions Support will aid financial institutions and large corporations to include micro and small enterprises as business and supply chain clients Initiative will help Citi clients unlock economic potential and extend corporate value chains in developing markets New York � The Overseas... OPIC more...
Sep 19, 2013 Ex-Im Bank Approves $34 Million to Finance the Export of U.S. Solar-Related Products to Spain and South Africa Transaction Supports White House Power Africa Initiative Washington, D.C. � As part of its renewable-energy push, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a pair of direct loans totaling $33.6 million to Abengoa of Seville, Spain, that will facilitate the... Ex-Im Bank more...
Sep 19, 2013 USTDA Sponsors Nigeria Electricity Distribution Sector RTM Fostering the participation of U.S. companies in the modernization of Nigeria's electricity distribution infrastructure WASHINGTON, DC � To connect U.S. industry to electricity distribution infrastructure projects in Nigeria, the U.S. Trade and Development Agency (USTDA) is sponsoring a... USTDA more...
Sep 12, 2013 USTDA Grant to Accelerate Wind Power Development in Vietnam Technical Assistance for Wind Grid Code Builds on U.S.-Vietnam Energy Cooperation HANOI, VIETNAM � This week, USTDA announced a $287,917 grant to the Electricity Regulatory Authority of Vietnam (ERAV), part of the Ministry of Industry and Trade (MOIT), in order to support the development of... USTDA more...
Sep 11, 2013 USTDA Supports Rooftop Solar Project in Western Cape, South Africa Facilitating South Africa's transition to clean energy CAPE TOWN, SOUTH AFRICA � Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to the Green Cape Sector Development Agency NPC (Green Cape), serving on behalf of the Western Cape Government's (WCG) Department of Transport... USTDA more...
Sep 10, 2013 SunEdison, IFC and OPIC Close $212.5M Project Financing arrangement for a 100 MWp Solar Power Plant in Chile BELMONT, Calif. � SunEdison, Inc. (NYSE:SUNE), a leading worldwide solar energy services provider today announced the closing of a $212.5 million non-recourse debt financing arrangement with IFC, a member of the World Bank Group and the Overseas Private Investment Corporation (OPIC), the U.S.... OPIC more...
Sep 6, 2013 USTR, SBA Launch New Effort to Help U.S. Small Businesses Export to the European Union Small Businesses to Offer Suggestions for Increasing Exports under the Transatlantic Trade & Investment Partnership (TTIP) WASHINGTON �U.S. small businesses currently exporting to the European Union (EU) will have the opportunity to voice their concerns on existing barriers to trade with... SBA more...
Sep 5, 2013 OPIC Joins Broad Group of Development Institutions in Agreeing to Scale-up Investments in the Green Economy Representatives of 15 Development Finance Institutions and Development Banks (DFIs and DBs) agree to collaborate in substantially scaling-up green investment activities in developing countries and emerging economies; With USD 18 billion in new commitments for clean investments in... OPIC more...
Sep 5, 2013 USTDA Supports Intelligent Transportation System Technologies in Colombia Supports the Design of Two New Pilot Projects to Demonstrate ITS Technologies BOGOT�, COLOMBIA � USTDA has awarded a grant for technical assistance to support the Colombian Ministry of Transport in its efforts to develop a plan for the implementation of intelligent transportation systems... USTDA more...
Sep 4, 2013 Main One Cable to Expand Connection from Lagos to Port Harcourt Grant to Support Evaluation of Extending 300 Mile Connection LAGOS, NIGERIA �The U.S. Trade and Development Agency (USTDA) awarded a grant to the Nigerian communications services company Main One Cable Company Nigeria Ltd. (Main One), to support a feasibility study on the extension of a... USTDA more...
Aug 30, 2013 USTDA Supports Development of Ionospheric Threat Model for Brazilian Airspace Facilitating Deployment of Ground Based Augmentation Systems (GBAS) RIO DE JANEIRO, BRAZIL � Yesterday, the U.S. Trade and Development Agency (USTDA) awarded a grant to Servi�os de Defesa e Tecnol�gicas de Processos (SDTP), a federally mandated nonprofit foundation established in 2002 to... USTDA more...
Aug 29, 2013 Ex-Im Bank Approves $1.5 Billion to Finance Energy Equipment and Services to Mexico Financing Supports 6,800 U.S. Jobs Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.5 billion of export financing in a pair of transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil and... Ex-Im Bank more...
Aug 29, 2013 USTDA Supports Expanded Economic Partnership with Indonesia Through Infrastructure Development Projects JAKARTA, INDONESIA � Today, USTDA concluded two new grants supporting the development of energy and information and communications technology (ICT) infrastructure in Indonesia. These activities are part of broader efforts to support economic development and connectivity throughout the country,... USTDA more...
Aug 28, 2013 USTDA Promotes Communications in Azerbaijan Supports the development of the Azerspace-2 Communications Satellite BAKU, AZERBAIJAN �The U.S. Trade and Development Agency (USTDA) awarded a grant to Azercosmos Open Joint Stock Company, a Government-owned entity, to provide a feasibility study for a second communications satellite that... USTDA more...
Aug 27, 2013 ITA Assists U.S. Chemical Manufacturers with Protecting Confidential Business Information in Japan The International Trade Administration worked with the American Chemistry Council (ACC), the Society of Chemical Manufacturers and Affiliates (SOCMA), Baker Hughes, and five other companies to ensure that U.S. exporters of chemical substances were able to protect confidential business information... ITA more...
Aug 23, 2013 Ex-Im Bank Approves $105.4 Million Loan to Finance SpaceX Launch Washington, D.C. � Continuing its support of the space industry in America, the Export-Import Bank of the United States (Ex-Im Bank) has authorized a $105.4 million loan to Space Communication Ltd. of Ramat Gan, Israel, to finance the Space Exploration Technologies (SpaceX) launch of the Amos-6... Ex-Im Bank more...
Aug 23, 2013 USTDA Supports Offshore Gas Development Project in South Africa Facilitating South Africa's transition to clean energy PRETORIA, SOUTH AFRICA � Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to Sunbird Energy Ltd to support the development of South Africa's Ibhubesi offshore gas field. Sunbird Energy has executed an agreement to... USTDA more...
Aug 9, 2013 USTDA Advances Information Technology Development in Romania Supports Romania's efforts to improve data management systems BUCHAREST, ROMANIA �The U.S. Trade and Development Agency (USTDA) continues its support for the Government of Romania to improve their use of information and communications technologies (ICT) to build a stronger economy.... USTDA more...
Aug 8, 2013 ITA Helps Alleviate Against Import Restrictions on Consumer Goods in Vietnam The Department of Commerce�s International Trade Administration (ITA) helped members of the U.S. food and beverage industry overcome a trade-restrictive import licensing policy imposed by the Government of Vietnam�s (GoV) Ministry of Industry and Trade (MOIT). This market access barrier had the... ITA more...
Aug 1, 2013 U.S. Trade and Development Agency and George Washington University Announce New Partnership to Develop the Global Procurement Initiative Designed to Foster Best-Value Determination and Life-Cycle Cost Analysis in Public Procurements WASHINGTON, DC - The U.S. Trade and Development Agency (USTDA) and the George Washington University (GW) have signed a Memorandum of Understanding establishing a partnership to develop the... USTDA more...
Jul 19, 2013 OPIC Provides Financing for Expansion of Aga Khan University Hospital in Pakistan Karachi, Pakistan � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today signed a Loan Agreement with the Aga Khan Hospital and Medical College Foundation for the expansion of the Aga Khan University Hospital. The agreement was signed by... OPIC more...
Jul 12, 2013 ITA Ensures Smooth Supply of Papa John's Products to El Salvador The Department of Commerce�s International Trade Administration (ITA) helped Louisville based Papa John�s International Inc. overcome a cheese quota allocation issue in El Salvador. This could have significantly limited the company�s ability to adequately supply U.S. mozzarella to its current and... ITA more...
Jul 10, 2013 Ex-Im Bank Finances Export of Farm Equipment to China Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) announced today a pair of comprehensive guarantees of two HSBC loans totaling $55.6 million to support the export of American aircraft and agricultural machinery to China. According to Bank estimates derived from... Ex-Im Bank more...
Jul 10, 2013 World Trade Center Utah Named to OPIC's Partners Program WASHINGTON, D.C. � World Trade Center Utah was named as the newest member of the Overseas Private Investment Corporation�s Partners Program, a public diplomacy initiative designed to expand knowledge of OPIC�s role as the U.S. Government�s development finance institution. The designation was... OPIC more...
Jul 10, 2013 ITA Helps U.S. Sporting Goods Manufacturer Regain Ownership of its Trademark in Russia The International Trade Administration�s (ITA) helped Johnson Outdoors, an outdoor recreational equipment manufacturer based in Racine, Wisconsin, regain ownership of its trademark in Russia, which enabled the Company to sustain $100 million in annual revenue for its flagship Minn Kota brand.... ITA more...
Jul 8, 2013 Ex-Im Bank to Provide $108 Million in Financing for Sale of American Locomotives to South Africa Transaction Brings Ex-Im�s Transnet Financing Total to $230 Million, Will Help Support both American and South African jobs Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today announced that Transnet SOC Limited (Transnet), a company based in Johannesburg, South... Ex-Im Bank more...
Jun 28, 2013 OPIC Selects Opportunity 2 Excel as Originator in Enterprise Development Network WASHINGTON, D.C. �The Overseas Private Investment Corporation (OPIC) has selected Opportunity 2 Excel (O2E), an Accra based Consultancy Firm located at Hse No 1100 Service Plot D.T.D Lashibi Tema, Community 17 Accra, Ghana to serve as an Originator for a growing alliance with the private sector... WTTL more...
Jun 27, 2013 Ex-Im Bank Authorizes $130 Million To Finance Export of U.S.-Manufactured Aircraft and Engines to Ethiopian Airlines Ex-Im Bank Chairman Fred P. Hochberg Announces Financing in Addis Ababa Today Addis Ababa, Ethiopia � The Export-Import Bank of the United States (Ex-Im Bank) has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to... Ex-Im Bank more...
Jun 24, 2013 OPIC Board Approves Financing for Academic Health Sciences Center in Malaysia Public-Private Partnership Includes Teaching Hospital, Medical School and Research Center WASHINGTON, D.C. � The Board of Directors of the Overseas Private Investment Corporation (OPIC) recently approved a $250 million loan to help build Malaysia�s first fully-integrated private medical... OPIC more...
Jun 24, 2013 Haiti's Parliament Ratifies OPIC's Investment Incentive Agreement WASHINGTON, D.C. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, recently announced the official publication of an Investment Incentive Agreement (IIA) with the Government of Haiti to support U.S. private sector investment in the... OPIC more...
Jun 21, 2013 ITA Helps California Companies Avoid Unnecessary Costs of Exporting to Europe The Department of Commerce�s International Trade Administration (ITA) worked with KLA-Tencor Corporation of Milpitas, California and other semiconductor equipment manufacturers to provide clarity as to whether spare parts for large machines fall within the scope of the revised European Union... ITA more...
Jun 21, 2013 ITA Ensures the Recall of Counterfeit Sporting Goods in Egypt The Department of Commerce�s International Trade Administration (ITA) helped Nike, an Oregon-based consumer goods firm, overcome a high-profile intellectual property issue that risked damaging the company�s market share in Egypt and its international brand. Why it matters Intellectual... ITA more...
Jun 18, 2013 Appeals Court Decision Rejects Delta Request for Invalidation of Ex-Im Bank Air India Transactions Washington, DC --- The U.S. Court of Appeals in Washington, DC today rejected a request by Delta Air Lines to vacate the Export-Import Bank of the United States� (�Ex-Im Bank�s�) support of sales of U.S.-manufactured aircraft to Air India. The Court has asked Ex-Im Bank to further explain its... Ex-Im Bank more...
Jun 14, 2013 OPIC Board Approves Financing for Wind Farm in Uruguay Washington, DC - The Board of Directors of the Overseas Private Investment Corporation (OPIC) recently approved financing for a renewable energy project that will provide electricity to Uruguay. An OPIC loan of up to $96 million will support the Melowind project, a 50 MW wind farm in... OPIC more...
Jun 7, 2013 Ex-Im Guarantees $20 Million Loan to Finance Export of Liftboat by Louisiana Small Business Washington, D.C. � The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a $19.9 million loan extended by HSBC Bank to Michharry & Company Ltd. (Miccharry) of Port Harcourt, Nigeria, that will facilitate the export of one used liftboat provided by Offshore... Ex-Im Bank more...
Jun 7, 2013 ITA Ensures Streamlined Import Licensing Procedures for Distilled Spirits in Turkey The Department of Commerce�s International Trade Administration (ITA) helped the Distilled Spirits Council of the United States (DISCUS) overcome an import licensing barrier that harmed association members� operations in Turkey�s distilled spirits market. Why it Matters If the United... ITA more...
Jun 5, 2013 USTDA Grant Supports Development of Intermodal Corridor in Chile Improving transportation connections between the Port of San Antonio and the city of Santiago SANTIAGO, CHILE � USTDA awarded a grant May 22, 2013 to Empresa Portuaria San Antonio (Port Company of San Antonio or "EPSA"), in support of its efforts to increase the Port of San Antonio's cargo... USTDA more...
Jun 3, 2013 Ex-Im Bank Adds to Record-Level Support for American Satellite Industry, Authorizes $343.3 Million Loan Financing AsiaSat�s Purchase of Communications Satellites and Launch Services Latest Ex-Im Satellite Authorization Supports an Estimated 2,400 U.S. Jobs Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $343.3 million direct loan to Asia Satellite Telecommunications Co. Ltd. (AsiaSat) to finance the purchase of two... Ex-Im Bank more...
Jun 3, 2013 Ex-Im Loan Supports Georgia Small Business' Expansion Efforts Loan is part of Bank's Global Credit Express Program Washington, D.C.-- In line with its focus on boosting small-business exports, the Export-Import Bank of the United States (Ex-Im Bank) authorized a $50,000 Global Credit Express (GCE) loan to Post Medical Inc. of Alpharetta, Ga., to... Ex-Im Bank more...
May 31, 2013 ITA Helps Ensure a Level Playing Field for Information and Communication Technology Services in Japan The Department of Commerce�s International Trade Administration (ITA) helped U.S. ICT services firms compete on equal footing in the $56 billion Japanese ICT market. ITA ensured that these firms were provided opportunities to comment on the development of new Japanese ICT requirements, especially... ITA more...
May 31, 2013 Ex-Im Bank Provides $187.4 Million Guarantee for Bond Issuance Supporting Sikorsky Helicopters to Milestone Aviation Group First Use of Capital-Markets Funding for Ex-Im-Backed Helicopter Exports Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) is providing a $187.4 million guarantee of a capital-markets bond to finance the export of Sikorsky S-92� helicopters to The Milestone Aviation... Ex-Im Bank more...
May 31, 2013 USTDA Awards Grant to Develop Intelligent Transportation Systems in Brazil Grant supports the improvement of transportation efficiency and safety in S�o Paulo S�O PAULO, BRAZIL � The U.S. Trade and Development Agency (USTDA) awarded a grant Wednesday to the Traffic Engineering Company of S�o Paulo (Companhia de Engenharia e Trafego, CET- S�o Paulo) in support of... USTDA more...
May 16, 2013 Ex-Im Approves $500 million to Finance U.S. Exports for Use in Mongolian Mine Transaction Will Support 2,000 Jobs Across Several States Washington, D.C. � The board of the Export-Import Bank of the United States (Ex-Im Bank) has voted to authorize an approximately $500 million direct loan to finance the continued development of a Mongolian mine that upon completion... Ex-Im Bank more...
May 16, 2013 USTDA Promotes Smart Grid in Kazakhstan Will Support JSC Alatau Zharyk's Plan to Improve its Electricity Distribution Network ALMATY, KAZAKHSTAN � The U.S. Trade and Development Agency (USTDA) awarded a grant to the Kazakhstan electricity distribution company, JSC Alatau Zharyk (AZHK), to provide a feasibility study on a... USTDA more...
May 16, 2013 Expanding Energy Investments in Southeast Asia USTDA Accepting Project Proposals for Clean Energy Development In order to support the U.S.-Asia-Pacific Comprehensive Energy Partnership, USTDA's programs are available to foreign project sponsors for energy project development and preparation activities. USTDA will be expanding... USTDA more...
May 16, 2013 Pennsylvania Firm Wins SBA Exporter of the Year Award SBA Deputy Administrator was a Keynote Speaker at World Trade Day Conference in Denver, Where Awards Were Presented WASHINGTON -- Zeigler Bros., Inc. (ZBI), a leader in the research, development and production of nutritional solutions for the aquaculture, pet/zoo and lab/biomedical... SBA more...
May 9, 2013 Ex-Im Bank Approves $45.5 Million for Brazilian Airline Maintenance by Delta Airlines Ex-Im Financing will support high-quality Delta jobs in Atlanta WASHINGTON, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) today approved a Final Commitment for a $45.5 million loan guarantee to VRG Linhas Aereas S.A. (GOL), a Brazilian airline. The Ex-Im Bank supported... Ex-Im Bank more...
May 8, 2013 OPIC Board Approves $100 Million Investment in Paladin Realty's 4th Latin American Fund First-time home buyers to benefit with new affordable housing WASHINGTON, D.C. � The Board of Directors of the Overseas Private Investment Corporation (OPIC) recently approved a new financing commitment of up to $100 million to Paladin Realty Latin America Investors IV LP, a new investment... OPIC more...
May 7, 2013 Medical Device Requirements in Korea The Department of Commerce�s International Trade Administration (ITA) helped U.S. medical device manufacturers overcome a Korean regulatory trade barrier that imposed onerous registration requirements on U.S. medical devices. Why it matters Without ITA�s assistance, U.S. companies with... ITA more...
May 3, 2013 USTDA Supports Expansion of Energy Resources in India Two Grants Demonstrate Strategic Cooperation in Clean Energy in India MUMBAI, INDIA � Today, the U.S. Trade and Development Agency (USTDA) concluded two grant agreements in Mumbai to assist in improving power sector efficiency and developing shale gas and oil in India. Ms. Jamie... USTDA more...
Apr 26, 2013 USTDA Awards Grant to Support Information Technology and Smart Grid Development in Vietnam Builds on Past Success as NPT Strengthens its Power Grid ARLINGTON, VIRGINIA � The U.S. Trade and Development Agency (USTDA) awarded a grant today to the National Power Transmission Corporation (EVNNPT) of Vietnam to support its efforts to improve transmission efficiencies to meet... USTDA more...
Apr 26, 2013 ITA Utilizes Free Trade Agreement to Ensure Proper Customs Valuation and Appeal Procedures in Chile The Department of Commerce�s International Trade Administration (ITA) worked with Epson Chile (Epson), a wholly-owned subsidiary of Epson America Inc., based in Long Beach, CA, to ensure that Chile�s customs valuation methods and appeal procedures complied with the World Trade Organization�s... ITA more...
Apr 26, 2013 ITA Helps Maintain Market Access for U.S. Companies in the Korean Cosmetics Industry The Department of Commerce�s International Trade Administration (ITA) helped the Washington, D.C.-based Personal Care Products Council (PCPC) advocate for better terms under the labeling and advertising provisions in the Korean Cosmetics Act (KCA) which would have otherwise negatively impacted... ITA more...
Apr 25, 2013 Arkansas Small Business Brews Up Big Change to Rwandan Coffee Industry with OPIC Support WASHINGTON, D.C. � An Arkansas small business is modernizing virtually every aspect of Rwanda�s coffee industry � upgrading technology, increasing production, converting waste to biofuel, raising wages and gaining access to global markets � with the support of $19.4 million in political risk... OPIC more...
Apr 24, 2013 OPIC Signs Loan Agreement for Georgian-American University Campus Renovation Tbilisi, Georgia � Overseas Private Investment Corporation (OPIC) Managing Director of Project Finance Kenneth Angell today joined Georgian-American University Chancellor Nino Toronjadze, U.S. Ambassador Richard Norland, and Georgian-American University founder Michael Cowgill for a ribbon... OPIC more...
Apr 18, 2013 Ex-Im Renews Supply-Chain Guarantee for Citibank Supporting CNH Suppliers Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) renewed a 90-percent guarantee of a $100 million supply-chain facility for Citibank to purchase invoices that are generated through the sales of goods and services by eligible U.S. suppliers to CNH America LLC (CNH).... Ex-Im Bank more...
Apr 17, 2013 OPIC, South Sudan Sign Investment Agreement Signing Kicks Off the U.S. Government-Sponsored South Sudan Investment Forum Washington, D.C. � The Overseas Private Investment Corporation (OPIC), the U.S. Government�s development finance institution, today signed an Investment Incentive Agreement with the Government of South Sudan... OPIC more...
Apr 16, 2013 OPIC Selects Lyon Capital, Inc. & Athanasios Niforos as Originators for Enterprise Development Network WASHINGTON, D.C. �The Overseas Private Investment Corporation (OPIC) has selected Lyon Capital Inc., a Washington, D.C.-based firm specializing in international finance, business development and strategic planning, and Athanasio Niforo, a financial and investment advisor, to serve as originators... OPIC more...
Apr 16, 2013 USTDA Grant Supports Diversifying Energy Mix in Chile Supporting Wind Energy Development on Chilo� SANTIAGO, CHILE � USTDA awarded a grant today to Empresa E�lica Tablaruca S.A. (Tablaruca Wind Company or "Tablaruca") in support of its efforts to develop a wind farm of approximately 99 megawatts (MW) on the Chilean island of Chilo�. As Chile... USTDA more...
Apr 12, 2013 USTDA Supports Deployment of Intelligent Transportation System for Traffic Management in China GUANGZHOU, CHINA � Today, Director Leocadia I. Zak concluded a grant agreement with the Panyu District Government in Guangzhou that will support the completion of a feasibility study and pilot project for the deployment of an intelligent transportation system (ITS) for traffic management.... USTDA more...
Apr 10, 2013 Ex-Im Bank and Dubai Economic Council Sign $5 Billion Agreement Washington, D.C. � Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Hani Rashid Al Hamli, secretary general of the Dubai Economic Council (DEC), inked a $5 billion memorandum of understanding (MOU) Thursday at Ex-Im Bank�s 38th Annual... Ex-Im Bank more...
Apr 8, 2013 OPIC Issues Call for Proposals to U.S. Banks for Guaranteed Loan Facility for Small Businesses WASHINGTON, D.C. � The Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, today announced a Call for Proposals for a new and innovative loan guarantee program designed to encourage U.S. banks to expand their lending to U.S. small and... OPIC more...
Apr 5, 2013 Vanport Outfitters of Oregon The Company Vanport Outfitters produces handmade bags and luggage in Portland, Oregon, using natural materials from the highest quality local distributors and the sturdiest construction practices possible. Founded in 2009, the company is the creation of Nicholas Everett, who has worked with... ITA more...
Apr 5, 2013 Pneumatic Vacuum Elevator LLC of Florida The Department of Commerce�s Trade Agreements Compliance Program led by the International Trade Administration�s (ITA) Market Access and Compliance (MAC) Unit, recently helped Pneumatic Vacuum Elevator LLC (PVE), a small-to-medium size enterprise (SME) headquartered in Miami, Florida, overcome a... ITA more...
Apr 3, 2013 BBCN Bank named SBA Export Lender of the Year 2013 SBA, Lenders Convene in Washington, D.C. for the 6th Annual SBA Export Lenders� Roundtable WASHINGTON �U.S. Small Business Administrator (SBA) Karen Mills today named BBCN Bank the SBA Export Lender of the Year for 2013. During the announcement, made at today�s 6th Annual Export Lenders�... SBA more...
Apr 3, 2013 Ex-Im Bank To Participate in U.S. Global Business Solutions � Interagency Initiative To Increase Small-Business Exports Washington, D.C. � The Export-Import Bank of the United States (Ex-Im Bank) will participate in U.S. Global Business Solutions, a new interagency initiative to expand the reach of federal export assistance and add 50,000 small businesses to the nation's exporter base by 2017. Announced today... Ex-Im Bank more...
Mar 28, 2013 USTDA Grant Supports Technology Deployment at India's Airports Helping to Ensure India Keeps Pace with Passenger and Cargo Growth NEW DELHI, INDIA � Today, the U.S. Trade and Development Agency (USTDA) awarded a grant to the Airports Authority of India (AAI) to support a feasibility study for the implementation of the Jeppesen Total Airspace and Airport... USTDA more...
Mar 26, 2013 California Company Miasol� Exports Thin-Film Solar Panels for Solar-Energy Project in India, Backed by $9 Million Ex-Im Bank Loan Company Plans To Add 200 U.S. Jobs Due to Growing Export Business Washington, D.C. � Miasol�, a solar-energy company in Santa Clara, Calif., has exported thin-film solar panels to a solar photovoltaic (PV) project in Rajasthan, India, with the support of a $9 million direct loan from the... Ex-Im Bank more...
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