World Bank's MIGA Supports First Carbon Finance Project

MIGA recently announced its first-time support for a project that will sell carbon credits gained by reducing greenhouse gas emissions. The reductions, which can be sold under the Kyoto Protocol, will result from the conversion of methane gases to less harmful carbon dioxide at a landfill in El Salvador...    >> more

MIGA Insures Wastewater Treatment Plant in Jordan

Residents of metropolitan Amman-Zarqa are set to receive an upgraded wastewater treatment system with the construction of a new wastewater plant at the current As-Samra facility in Jordan. The capacity of the original plant, which began operations in 1985, to handle sewage has been increasingly taxed by the region’s rapid population growth, posing threats to the area’s water supply...     >> more

Affordable Housing in Ghana Gets MIGA Support

MIGA recently issued guarantees to Metro Ikram Sdn. Bhd. of Malaysia covering its investment in a housing development project in Ghana. The guarantees are covering the investor’s $2 million equity investment in and $4 million shareholder loan to Ghana-based Meridian Development Limited. The coverage is for five years and protects against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract...   >> more

MIGA Offsets Lenders’ Risk Concerns in Vietnam Power Project

Along the bustling tree-lined streets of Ho Chi Minh City, merchants wearing traditional Vietnamese “ao dais” invite customers into brightly lit shops, and restaurant owners beckon passers-by into their air conditioned establishments. In homes on the outskirts of the city, refrigerators keep food cold and electric fans provide relief from the damp heat.     >> more

The Balkans: New Investment Opportunities with Manageable Risks

(This article originally appeared in the 2006/2007 Euromoney Yearbook.) EU accession could flatten the competitive advantage of doing business in some Eastern European nations. Now, savvy investors would do well to look to the Southeast—a recovering Balkans region, stabilized and offering tremendous opportunity to get in on the ground floor.    >> more