MIGA Issues First Guarantee for 'Shariah-Compliant' Project Financing  

MIGA has provided its first-ever guarantee for Shariah-compliant project financing. The $427 million guarantee will support investments into a new container terminal in Djibouti. MIGA's participation is allowing the syndication of a significant amount of financing provided by several banks on favorable terms and conditions under an Islamic financing structure.     >> more

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Climate Change: Political Risk Insurance as Part of the Solution 

In late 2007, the destruction wrought by Cyclone Sidr in Bangladesh provided a somber reminder that global warming—and the intense damage it can unleash—is no longer something that will happen in the future. MIGA is helping to reduce the harmful practices associated with global warming by supporting investments in renewable energy, energy conservation, and increased efficiency.     >> more

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MIGA Helps Madagascar Increase Efficiency in Trade Transactions 

Madagascar's efforts to reform its customs clearance processes got a recent boost with help from MIGA. The agency issued a $10.97 million guarantee for a project that will introduce modern technology, including a state-of-the-art software platform, linking the various parties involved in external trade into a single data network.   >> more

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Uganda's Bujagali Hydropower Project Reaches Financial Close  

The World Bank Group's $360 million investment of loans and guarantees for the Bujagali Hydropower Project took effect in late December as the project's private sponsors and lenders reached financial closure. The 250 MW project is an integral component of Uganda's strategy to close an energy supply gap that seriously constrains the country's social and economic development.   >> more

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Agency Facilitates Clean Energy Project in Kenya 

A new MIGA-supported power project is set to provide clean energy to Kenya, where severe power shortages have hampered economic growth and where only about 15 percent of the population has access to electricity. The $88.3 million guarantee will support investments in a geothermal power plant with a combined capacity of 48MW in the Olkaria geothermal fields of the Rift Valley, 50 kilometers northwest of Nairobi.    >> more

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NEW CONTRACTS

Financial
Habib Bank AG Zurich, Pakistan, $36M


Infrastructure
Ormat Holding Corporation, Kenya, $88M
Standard Chartered Bank, DP World Djibouti FZCO, Dubai Islamic Bank PJSC, WestLB AG, Djibouti, $427M
Sonatel, Guinea-Bissau, $26M


Manufacturing

AMCO Fabrics Private Ltd., Democratic Republic of Congo, $0.63M


Services
SGS S.A., Madagascar, $11M


EVENTS

18th Annual Convention, Insuring Export Credit & Political Risk, London, February 25-28  (Yukiko Omura, EVP MIGA, presenting)

Indaba Mining Conference, Cape Town, SA, February 4-6 (Mamadou Barry, MIGA, presenting)

Latin Finance: Bio-Fuels & Agribusiness Finance in Latin America, New York, March 4 (Nkem Onwuamaegbu, MIGA, presenting)


RELATED LINKS

About MIGA
Project briefs
Sector briefs
Investment Guarantee Guide
Guarantee application
2006 Annual Report
Press Releases
PSD Blog
PRI Center

FDI Trends
>>Philippines See Foreign Investment Jumping 100% Next Year
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>>Mexico Foreign Investment to Fall in 2008
>>More FDI news

FDI Resources
>>FDI.net
>>World Investment Report 2007
>>Berne Union
>>Doing Business in 2007
>>FDI Trends and Analysis


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