OPIC

  • OPIC Plan for Liberia Biomass Collapses

    OPIC Plan for Liberia Biomass Collapses

    Sunday, 1st February 2015
    BUCHANAN, Liberia (AP) — On paper, the pitch was simple: A renewable energy company backed by $217 million in U.S. government loans would convert one of Africa's poorest countries into the world's first biomass-driven economy. But the plan to help Liberia collapsed amid questionable business decisions and oversight.