The Wave of the Future: Capital Markets Financing for Infrastructure Projects

(This article originally appeared in the 2006/2007 Project Finance Yearbook.) Matching cash-rich institutional investors with promising infrastructure projects in need of a deeper financing pool creates the proverbial win-win situation, particularly in the developing world, where demand is strong but debt financing is expensive. Increasingly, governments and their private partners are turning to...    >> more


Bouncing Bonds

(This article originally appeared in Latin America Report, Project Finance Magazine, July/August 2006.) Latin America has one of the more optimistic investment outlooks in recent memory. Several stock markets in the region have registered record returns, and rapid growth is contributing to rising tax revenues. Inflation, interest rates, government deficits, exchange rate, and sovereign risk premiums are all down...     >> more


Japanese Grant Enables MIGA to Help Investors Address Environmental and Social Challenges in Africa

MIGA recently announced that the Japanese government is providing a $1 million grant that will permit the agency to launch a pilot facility to help foreign investors address environmental and social challenges in Africa. The program will later be expanded if the model proves successful...   >> more


New Project Targets Port Security in
Sierra Leone

Sierra Leone’s ports received a security boost with a recent $3 million investment in scanning equipment and services by UK investor Intertek International Limited. The investment was guaranteed by MIGA, which provided $5 million in insurance against the risks of currency transfer restriction, expropriation, and war and civil disturbance for a period of up to ten years.     >> more



Guinea-Bissau Joins MIGA

Guinea-Bissau recently became MIGA’s newest shareholder, bringing the agency’s total membership to 168. The membership enables eligible foreign companies seeking to invest in Guinea-Bissau to receive MIGA’s guarantee coverage, which protects investments against the risks of transfer restriction, expropriation, breach of contract, and war and civil disturbance (including terrorism). Investments from Guinea-Bissau going into other developing countries may also receive coverage.    >> more

NEW CONTRACTS

Agribusiness
R. S. Chatthe, Industrial Development Corporation of South Africa Limited, Kenya, $6.7M
MILLco Limited, Uganda, $2.97M
Agro-Industries Sud S.A., Burkina Faso, $6.1M

Financial
Corporaciόn Interfin S.A., Nicaragua, $1.9M
Raiffeisenbank a.s., Serbia and Montenegro, €47.5M

Infrastructure
Abengoa S.A., Uruguay, $0.57M
Ericsson Credit AB, Nigeria, $45M

Services
SGS Société Générale de Surveillance S.A., Nigeria, $26M
Cotecna S.A., Nigeria, $54.9M
Intertek International Limited, Sierra Leone, $5M

Tourism
Louvre International Ltd., Madagascar, €1.8M
Proparco, Ghana, $3.5M

EVENTS
Client Breakfast, World Bank/IMF Annual Meetings, Singapore, Sept. 18, 2006

MIGA is co-sponsoring The Asian Political Risk Insurance, Trade Credit Insurance, Project, Trade and Commodity Finance Summit – 2006, Bangkok, Oct. 19-20, 2006

The Fifth Biennial MIGA-Georgetown Symposium, International Political Risk Management: Meeting the Needs of the Present, Anticipating the Challenges of the Future, Washington, DC, November 3, 2006

RELATED LINKS
About MIGA
Project briefs
Sector briefs
Investment Guarantee Guide
Guarantee application
2006 Annual Report
Press Releases
PSD Blog
FDI Trends
>> Asian Development Bank: Emerging East Asia to Post Strong Growth in 2006
>> United States FDI Outflows Higher in First Quarter 2006
>> UNCTAD: Poorest Countries Attracting More FDI
>> European Union FDI Flows into non-EU Countries Increased in 2005
>> IPAs Are Targeting FDI from Developing Countries
  FDI Resources
   >> FDI Yellow Pages
   >> Berne Union
   >> Doing Business in 2007
   >> Private Sector Development

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