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MIGA Bridges Information Gap on Foreign Investment and Political Risks
MIGA has added a powerful new Internet tool to its development arsenal — the Political Risk Insurance Center — a first-of-its-kind web service that responds to a growing demand for information on mitigating the political or noncommercial risks associated with investing in developing countries. Also making its debut is FDI.net, a complementary web portal that offers on-demand country analysis and information on all things related to foreign direct investment in 175 countries...
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Innovation Marks MIGA's FY06 Performance
During the fiscal year ending June 30, 2006, MIGA issued $1.3 billion in investment guarantees (insurance) for 41 projects in developing countries. The results bring total coverage issued by the agency to $16 billion. Many of the projects focused on MIGA's priorities of supporting investment in "frontier markets" (high-risk/low-income), in conflict-affected and IDA-eligible (the world's poorest) countries, and investments between developing countries...
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Agency Supports Economic Development and Reconstruction in Afghanistan
MIGA recently provided support for two new investments in Afghanistan to address the lack of financing available to micro and small businesses, as well as the need for low-cost generic medicine. The projects were underwritten through the Afghanistan Investment Guarantee Facility (AIGF), a special fund designed to encourage foreign direct investment into the country...
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MIGA Review Sets Standards for Improved Investment Promotion Agency Services
Investment promotion agencies (IPAs) in developing countries are not yet providing the level of service that investors require when researching locations, MIGA recently reported. As a result, these developing countries are falling behind in the competition for foreign direct investments. These are the findings of a new study — "Investment Promotion Agency Performance Review 2006" — conducted by MIGA and the London-based consulting firm DTZ Consulting and Research...
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NEW
CONTRACTS
Financial
Mauritius Commercial Bank Limited, Mozambique, $22.8M
ShoreCap International Ltd., Afghanistan, $1.5 M
Raiffeisen Zentralbank Österreich AG, Russian Federation, $102 M
Manufacturing
Mahindra Overseas Investment Company, China, $7.2M
Business Humanitarian Forum Association (BHF), Afghanistan, $0.36M
Barclays Bank of Ghana, Ghana, $1.3M
EVENTS
World Heavy Oil Conference, Beijing, Nov. 12-15 (presenting)
2006
Mines and Money Conference, London, Nov. 20-22 (presenting)
World Junior Oil and Gas Congress, London, Nov. 27-29 (presenting)
Structured Finance in Latin America, Miami, FL, Jan. 22-23 (presenting)
RELATED
LINKS
About MIGA
Project
briefs Sector
briefs Investment
Guarantee Guide Guarantee
application 2006 Annual Report
Press
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