Poor Infrastructure Hobbles Growth in Latin America; MIGA Provides Impetus for Needed Investment
View slideshow

Latin America and the Caribbean have registered strong economic growth in recent years. Yet infrastructure spending by countries in the region has fallen sharply, and the region's potential to continue to grow and reduce poverty is being stymied by clogged ports, poor roads, and uneven access to electricity—particularly in rural areas. The public sector alone cannot meet the region's infrastructure needs, yet private investors remain somewhat reticent to invest due to perceptions of risks...    >> more

New MIGA Disclosure and Safeguard Policies to Take Effect October 1, 2007

MIGA's Board of Directors recently approved new MIGA policies on social and environmental sustainability, as well as on disclosure. While drawing on the IFC's policies, there will be some differences for MIGA, reflecting the agency's role as an insurance provider rather than as a lender or equity investor. The new policies will reinforce MIGA's role as a multilateral development agency, with a business model built around openness and transparency...    >> more

Mega Deals, Mega Risks: The Enduring Relevance of PRI

(Reprinted with permission from Project Finance Yearbook, where this article originally appeared.) The global investment scene is looking rather bullish these days, with capital markets flush with cash and investors displaying a newfound willingness to take on more risk. And companies are realizing the potential in emerging market countries, home to growing middle classes, eager workforces, and reform-minded governments—all of which has led to a nice rebound in FDI flows to the developing world, following a difficult few years post 9/11...    >> more

Agency Issues $285 Million Guarantee for Mortgage Lending in Russia

MIGA's recent guarantee to Societe Generale, covering a $300 million loan to DeltaCredit, a Russian bank that specializes in mortgage lending, represents the latest trend in MIGA product offerings for the region. The agency is working with banks and financial institutions in many countries in the region, including transition economies, to develop the local financial sector and help meet the growing demand for residential mortgages...    >> more

World Bank Group Directs $34.3 Billion in 2007 to Boost Growth and Overcome Poverty

During fiscal year 2007, ending June 30, the World Bank Group committed $34.3 billion in loans, grants, equity investments, and guarantees to its members and to private business in its member countries—up $2.7 billion (7.8 percent) from fiscal year 2006. The recipients are using these funds in more than 620 projects designed to overcome poverty and enhance growth.    >> more


Société Générale S.A., Russian Federation, $285M

World Power Holdings Luxembourg S.à.r.l., Uganda, $115M

Rockland Steel Trading Ltd., State Bank of India, Nigeria, $11.4M

Société Malienne de Promotion Hôtelière, Guinea-Bissau, $0.65M


2nd Annual Structured Finance in CEE conference, Budapest, Sept. 18-19 (Ileana Boza, MIGA, panelist)

Managing & Insuring Political Risks & Terrorism, London, Sept. 18-19 (Yukiko Omura, Exec. VP, Keynote Speaker)

The Geneva Private Capital Symposium, Geneva, Sept. 24-25 (Hal Bosher, MIGA, speaker)

15th Kazakhstan International Oil and Gas Exhibition, Almaty, Oct. 2-5 (Mamadou Barry, MIGA, speaker)

Insurance Institute of London, International Lecture Programme, London, Oct. 3 (Yukiko Omura, Keynote Speaker)

US-Africa Infrastructure Conference (CCA), Washington, DC, Oct. 8-10 (Elena Palei, MIGA, speaker)

Asian PRI Summit, Singapore, Oct. 11-12 (Elena Palei, speaker)

12th Annual Financing Energy Projects in Asia, Singapore, Oct. 25-26 (Michael Silverman, MIGA, speaker)


About MIGA
Project briefs
Sector briefs
Investment Guarantee Guide
Guarantee application
2006 Annual Report
Press Releases
PSD Blog
PRI Center
FDI Trends
>> Now Available: World Investment Prospects to 2011
>> Vietnam Lures More FDI in First 7 Months
>> Foreign Direct Investment in Brazil Grew 67 Percent
>> Foreign Direct Investment in Indonesia Leaps 123 Percent Jan-Aug
>> China Launches $1 Billion Africa Fund
>> More FDI News
  FDI Resources
   >> FDI.net
   >> FDI Yellow Pages
   >> Berne Union
   >> Doing Business in 2007
   >> FDI Trends and Analysis

SEND FEEDBACK TO miganews@worldbank.org
FOR GENERAL INQUIRES AND APPLICATIONS, CONTACT Michael Durr at migainquiry@worldbank.org