One of the best things about working at OPIC
is its talented and dedicated staff, said Ray W.
's facility will help Yes Bank expand its SME lending capacity, specifically enabling them to reach both women and entrepreneurs in low income states who have much to contribute to India's economic growth," Dev Jagadesan, OPIC
Acting President and CEO said.
This is the third transaction between OPIC
and YES BANK and comes close on the heels of last year's USD 265 million OPIC
facility, which YES BANK will use to extend SME financing in India.
Minister Dar expressed hope that OPIC
will be able to join government's efforts in energy sector.
approved the final loan under the current agency president, Elizabeth Littlefield, without conducting an on-site environmental and social due diligence visit to a country devastated by a civil war and longstanding reports of abuses against women.
Out of the USD200m of funding that is to be provided by OPIC
, USD100m will be used to support either micro-SMEs or SMEs in underserved rural and urban markets.
Significant proportion of OPIC
investments in the Kingdom are in the power sector, such as the water sector, and the corporation believes these are crucial to achieve development and create new jobs for locals.
The global risk-sharing frameworks cover both commercial lending and a new inclusive finance facility, OPIC
Sharing details of the existing OPIC
portfolio in Pakistan worth $400 million, Ms.
This Wind Power Project will enable Pakistan to take advantage of its massive renewable energy potential to help meet unmet demand for electricity," OPIC
President and CEO Elizabeth L.
will design a streamlined loan approval process and loan terms which can be modified based on local conditions and regulations.