President Barack Obama has announced that he will nominate Elizabeth Littlefield to become President of the Overseas Private Investment Corporation (OPIC). Ms Littlefield is currently a Director of the World Bank and the CEO of CGAP (Consultative Group to Assist the Poor), a multi-donor organization created to help build a the microfinance industry. Ms. Littlefield previously worked with JP Morgan, where she was the Managing Director of the Emerging Markets Capital Markets Division. She has served on the executive board of Women’s World Banking, Profund, Africa International Financial Holding, the Mastercard Foundation, the Calvert Foundation, and E&Co. Littlefield is a graduate of Brown University and also attended Ecole Nationale de Sciences Politiques in Paris.
OPIC, a US government agency which aims to facilitate investment in developing countries, recently committed to loaning USD 125 million to the Microenterprise Growth Facility, which is targeted to invest in microfinance institutions in Latin America and the Caribbean.
Additional resources:
Overseas Private Investment Corporation (OPIC):
www.opic.gov
CGAP (Consultative Group to Assist the Poor)
www.cgap.org
Source press release:
WASHINGTON, November 19 – Today, President Barack Obama announced his intent to nominate the following individuals to key administration posts:
Elizabeth Littlefield, President of the Overseas Private Investment Corporation
Harry K. Thomas, Jr., Ambassador to the Republic of the Philippines
David Adelman, Ambassador to the Republic of Singapore
President Obama said, “These individuals will represent our nation well and work to fulfill the important goal of strengthening our relationships abroad. I look forward to working with them in the coming months and years.”
President Obama announced his intent to nominate the following individuals today:
Elizabeth Littlefield, Nominee for President of the Overseas Private Investment Corporation
Elizabeth Littlefield is currently a Director of the World Bank and the CEO of the Consultative Group to Assist the Poor (CGAP), a multi-donor organization created to help build a large scale permanent microfinance industry providing flexible, high-quality financial services on a sustainable basis to the poor. Ms. Littlefield previously worked with JP Morgan, where she was the Managing Director in charge of JP Morgan’s Emerging Markets Capital Markets Division. As such, she oversaw JP Morgan’s capital markets business in Central, Eastern and Southern Europe, Central Asia, Middle East and Africa. In parallel to her career in investment banking, Ms. Littlefield also spent a year and a half providing guidance to several start-up microfinance institutions in West and Central Africa and in Pakistan. She has served on the executive board of several organizations including Women’s World Banking, Profund, Africa International Financial Holding, the Mastercard Foundation, the Calvert Foundation, and E&Co. Littlefield is a graduate of Brown University and also attended Ecole Nationale de Sciences Politiques in Paris.
Harry K. Thomas, Jr., Nominee for Ambassador to the Republic of the Philippines
Harry K. Thomas, Jr. is a career member of the Senior Foreign Service and served most recently as Director General of the Foreign Service and Director of Human Resources. He previously served as a Special Assistant to the Secretary and Executive Secretary of the Department. Thomas, who joined the Foreign Service in 1984, served as U.S. Ambassador to Bangladesh from 2003 to 2005. He also served in the White House as the Director for South Asia at the National Security Council from 2001 to 2002. His other postings include: New Delhi, India; Harare, Zimbabwe; Kaduna, Nigeria; and Lima, Peru. He has served as Senior Watch Officer, Deputy Director, and Director of the State Department Operations Center; Special Assistant to the Under Secretary for Political Affairs; and Staff Assistant to the Assistant Secretary for African Affairs. Thomas holds a bachelors degree from the College of the Holy Cross.
David Adelman, Nominee for Ambassador to the Republic of Singapore
David Adelman has been a member of the State of Georgia Senate since being elected in 2002. He serves as Minority Whip and Chairman of the Urban Affairs Committee. Senator Adelman is an equity partner in the firm Sutherland Asbill and Brennan LLP where he has practiced law since 1993 representing energy and communications companies. Prior to entering private practice, Senator Adelman was an Assistant Attorney General in Georgia for three years. In addition to his commercial practice, for many years Senator Adelman has represented veterans pro bono before the United States Court of Appeals for Veterans Claims. He has been active in his community on domestic violence issues and served on the Board of the Fulton-DeKalb Hospital Authority. Senator Adelman graduated from the University of Georgia with a B.A. and received an M.P.A. from Georgia State University and a J.D. from the Emory University School of Law.
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