Head of MIGA to Visit Singapore
World Bank Group agency focuses outreach in risk-management, financial hub
Washington; Singapore, October 18, 2013—Keiko Honda, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—is traveling to Singapore as part of her first visit to Asia in her official capacity. She arrives in the country on October 19th for talks with government officials, investors, and lenders to showcase how MIGA can support foreign direct investment (FDI) that creates jobs, builds infrastructure, provides basic services, and fosters growth.
Singapore’s role as both a global infrastructure finance hub as well as a World Bank Group hub for infrastructure finance-related knowledge and financial activities make it an important stop on Honda’s Asia trip. The visit underscores MIGA’s aim to work more closely with the Singapore government partners and private sector entities to better support FDI in Asia and beyond. At a practical level, MIGA’s scaled-up presence in Singapore—the Agency now bases its Asia Pacific Regional Head Office there, co-located with World Bank and IFC teams—means that it is better able to serve its Asia-based clients.
“Both within the region and beyond, Asian investment continues to be a very important source of capital,” said Honda. “These flows are not just numbers on a spreadsheet; they bring employment, infrastructure, skills, knowledge, services, and improved living conditions.”
“At MIGA, we’re paying a lot of attention to Asia and we’re pleased to be in Singapore to discuss how we can support investors and lenders,” she continued.
MULTILATERAL INVESTMENT GUARANTEE AGENCY
A Member of the World Bank Group
1818 H Street, NW, Washington, DC 20433
Mallory Saleson, MIGA
Tel: +1 202 473-0844
Rebecca Post, MIGA
Tel: +1 202-473-1964
Cara Santos Pianesi