If economic growth of the developing world over the last 15 years was an anomaly, was a blip, then we're in trouble. If instead it's a new normal then we've got a good chance of getting close to this goal [to eradicate extreme poverty.]
You have to assume that some core portion of those votes [against OPIC's reauthorization] were members of Congress who always vote against foreign aid. What strikes me is that the opposition that we’ve seen over the last two years against Ex-Im has not translated into opposition against OPIC.
OPIC should push further in the direction of venture capital investments, where some degree of failure is acceptable and even necessary to ensure an institution is operating at the cutting edge of where a market can and should be going.