The benefits of the BUILD Act

Interview with Ray W. Washburne, President and CEO of the Overseas Private Investment Corporation (OPIC) The U.S. government recently passed the Better Utilization of Investment Leading to Development (BUILD) Act, which creates a a new agency to lend to developing countries. In this interview, Ray W. Washburne, President and CEO of the Overseas Private Investment Corporation (OPIC) talks about the benefits of the BUILD Act and how it opens up new opportunities for investment. How will the recently passed BUILD Act improve OPIC’s operations? With the BUILD Act’s passing, we have a lot more tools to go out with. Sometimes agencies are very active in marketing themselves, and sometimes they’re not. We’re very outwardly focused on letting people know what […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]