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FEATURE: MIGA-Supported Project Helps Power Turkey’s Renaissance
In Ankara, Turkey’s bustling capital city, everyone used to talk about power outages. With output virtually even with consumption, concerns about potential blackouts dominated conversation. Demand would soon outstrip supply, experts predicted, and outages would become routine.
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Capital Markets Meet Emerging Market Investment Needs
MIGA is forging ahead in its efforts to harness the vast resources of the capital markets to meet the investment needs of emerging market economies, and the risk-return appetites of private investors. The agency’s recent $75 million guarantee contract with the First Kazakh Securitization Company, B.V...
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Agency Covers First Deal in Afghanistan
MIGA recently provided $1.07 million in investment insurance for a cotton project in northern Afghanistan. The project, the first investment in Afghanistan to be guaranteed by MIGA, will provide technical and financial assistance to cotton growers in northern Afghanistan to increase cotton production and yield...
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MIGA-Backed Projects Receive Five 'Deal of the Year' Awards
Two MIGA-insured power projects, one mining project, and one telecom project recently took home top "Deal of the Year 2005" honors from industry powerhouses Project Finance and Trade Finance. Vmobile Telecom, Nigeria, was named "EMEA Telecoms Deal of the Year 2005" by Project Finance.
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MIGA’s Omura Keynotes 2006 Latam Leadership Forum
Speaking at the recent Latin American Leadership Forum in New Orleans, MIGA Executive Vice President Yukiko Omura highlighted the lack of basic services, loss of competitiveness, and other issues resulting from investment shortfalls in the region’s infrastructure.
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NEW CONTRACTS
Services
Barloworld, Angola,
$12.9M
Infrastructure
Dragados Industrial SA, Brazil, $64.7M
Grupo Odinsa S.A. et al, Dominican Republic, $108M
Compagnie Générale des Eaux, China, $40M
Ericsson Credit AB, Nigeria, $45M
Oil and gas
Itochu Corp., Cementhai Chemicals Co., Ltd., et al, Iran, $122M
Finance
Banca Commerciale Lugano, Gerald Metals, Inc., Mongolia, $20M
First Kazakh Securitization Company, B.V., Kazakhstan, $75M
Habib Bank AG Zurich, Pakistan, $9.8
Corporacion Interfin S.A., El Salvador, $3.15
Manufacturing
Cesur Packaging Corporation, Iran, $5M
Prodenvases Crown S.A., Ecuador, $193,500
Agribusiness
DAGRIS, S.A., Afghanistan, $1.1M
DAGRIS, S.A., Madagascar, $2.9M
EVENTS
MIGA speaks at the Arabian Hotel Investment Conference 2006, April 29-May 1, Dubai
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