In an ideal world, development finance institutions (DFIs) should focus on the biggest constraints for businesses in developing countries. This helps to expand their impact beyond a single project or investment, thereby producing more systemic benefits. However, this is a particularly challenging issue for many DFIs given their operating models, which are typically driven by investor priorities.
CGD Policy Blogs
Even among policymakers, there is plenty of misunderstanding around how the US government’s premier agency charged with advancing a private sector-based development agenda, the Overseas Private Investment Corporation (OPIC), actually operates. When we searched for a database with key OPIC project-level information, we couldn’t find one. So we spent months manually entering all of the publicly available information on OPIC projects into a single location, the OPIC Scraped Portfolio dataset.
Last week President Obama’s Global Development Council at long last held its first official, public meeting at the National Press Club in Washington. For those of you who don’t remember (and you’ll be excused for forgetting), President Obama signed an executive order that formally established the Council in February 2012, although the Council’s origin story dates back to the 2010 Presidential Policy Directive on Global Development.