ELIZABETH L. LITTLEFIELD was appointed by President Obama as the President and CEO of the Overseas Private Investment Corporation (OPIC), an Under Secretary-level position in which she served from 2010 until January 2017. As the US government’s development finance institution, OPIC manages a $22 billion portfolio of financing and insurance across 106 developing countries. Its mission is to stimulate private investment in sustainable economic development, especially in the world’s poorest countries. Under Littlefield’s leadership, OPIC’s commitments to renewable resources projects grew ten-fold in three years to $1.5 billion annually, while generating increasing income for the US federal budget and nearly doubling the agency’s portfolio. Littlefield also instituted major reforms of the agency’s policies, systems and processes, introduced new financial innovations to augment the agency’s development impact and shifted focus to frontier markets.
From 2000 until 2010 Littlefield was a Director at the World Bank and CEO of the Consultative Group to Assist the Poor (CGAP), a policy and research center dedicated to advancing poor people’s access to financial services. Prior to joining CGAP in 1999, Littlefield was based in London as JP Morgan’s Managing Director in charge of capital markets and financing in emerging markets in Europe, Middle East and Africa. She also served as JP Morgan’s head debt trader for Africa, Eastern Europe and the Middle East and as a Director in JP Morgan’s investment bank in Paris.
Littlefield spent 1989-1990 living in West and Central Africa setting up several microfinance institutions.
Littlefield has served on the Boards of a number of organizations, including the MasterCard and Calvert Foundations. She was an adjunct professor at the Johns Hopkins School of Advanced International Studies, is a graduate of Brown University and also attended Ecole Nationale de Sciences Politiques in Paris.