He adds that, "Under the new WBG strategy, MIGA
will make available its insurance capacity to further accelerate ICT investments in higher-risk countries, notably fragile and post-conflict countries, where ICT will be key to growth, job creation, sharing of knowledge, and governance.
Kobayashi remarked that she would be meeting government officials as well as private sector figures to promote MIGA
projects, and most specifically promote a fund to finance projects in Gaza.
fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders, covering risks including expropriation, breach of contract, currency transfer restriction, war and civil disturbance, and non-honoring of sovereign financial obligations.
This enables MIGA
to provide an umbrella of deterrence against government actions that could disrupt projects, also called expropriation, and assist in the resolution of disputes between investors and governments.
is the ideal partner given its global expertise, unique package of products, and ability to enhance global business confidence throughout the regions in which it operates.
This proposed project is aligned with MIGA
s strategic priorities of supporting investments into fragile and conflict-affected countries and countries eligible for concessional lending from the International Development Association.
CEO Keiko Honda said that the agency seeks the approval from the Ministry of International Cooperation before it supports an investor going into Egypt.
In August 2011, MIGA
issued guarantees for the passenger car-ferry TANIT, one of Tunisia's main transportation links with Europe.
is also providing coverage for Thika Power Limited and Olkaria III, Kenya's first geothermal IPP.
WASHINGTON, November 5, 2012 (WAFA)-- Izumi Kobayashi, executive vice president of the Multilateral Investment Guarantee Agency (MIGA
) -- the political risk insurance arm of the World Bank Group -- will visit the West Bank and Gaza in early November to discuss opportunities for private sector investment, a MIGA
press release said Monday.
Abdul Hafeez Shaikh Finance Minister of Pakistan while speaking at a MIGA
lunch hosted in his honor where more than thirty representatives of the top Japanese companies participated.
has invested over 58% of its volume in infrastructure projects.