Dubai Conference Looks at Investment Prospects in the Middle East and North Africa (MENA)
In January, MIGA, together with the Dubai International Financial Centre and the Islamic Corporation for Insurance of Investments and Export Credits, hosted a forum exploring the prospects for regional growth in MENA. The forum evaluated the use of effective risk mitigants and the role of development finance institutions in light of constrained financing and increased risk aversion among investors and lenders. >> more
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Support for Gaza Strip Investment is a First for MIGA
MIGA is supporting private investment and employment generation in the Gaza Strip by insuring the expansion of a beverage factory in the territory. The guarantees to the project are made available through the MIGA-administered West Bank and Gaza Investment Guarantee Trust Fund. >> more
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Meeting Russia's Growing Consumer Demand
Throughout its history, MIGA has supported a wide variety of investments in the Russian Federation. Profiles of two recent projects in Russia demonstrate how foreign direct investments insured by MIGA have created jobs, transferred technology, and supported the economy. >> more
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Burundi's Health Sector Gets Boost from MIGA
The small nation of Burundi is recovering from a 12-year civil war and is struggling to attract much-needed foreign direct investment. MIGA is backing an investment by Medical Exchange Solutions SA of Belgium (MXS) that will deliver technology solutions to strengthen the management and operations of Burundi's health sector. >> more
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Workshop Looks at Liberia's Charcoal Industry
Charcoal is the main source of cooking and heating fuel in Liberia. Though the estimated value of the industry is between $15 and $20 million, it is largely unregulated. A workshop supported through MIGA's Environmental and Social Challenges Fund for Africa sought to examine the challenges facing the industry and to develop suggestions for the sector's long-term sustainability. >> more
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NEW CONTRACTS
Banking and Financial Services I.C.S. Raiffeisen Leasing S.R.L., Moldova 6.8M ProCredit Group Central Bank Mandatory Reserves Coverage, Bolivia 10.8M ProCredit Group Central Bank Mandatory Reserves Coverage, El Salvador 22.8M ProCredit Group Central Bank Mandatory Reserves Coverage, Georgia 13.5M ProCredit Group Central Bank Mandatory Reserves Coverage, Ukraine 4M Infrastructure Senegal Eurobond - Cross Currency Swap Arrangement, Senegal 99M Manufacturing HHW, S.A., Tunisia 4.1M National Beverage Company - Gaza Branch, West Bank and Gaza 2.3M Power Energji Ashta Shpk (Ashta), Albania 159.4M Takoradi 3 Power Plant, Ghana 88M Services Open-IT SPRL, Burundi 0.7M Bitaka S.A., Tunisia 5.1M
PROPOSED GUARANTEES
In accordance with the agency's disclosure policy, MIGA discloses summaries of all proposed guarantees.
Agribusiness Takoradi Renewable Energy Ltd., Ghana 8.9M JP Industrie, S.A., Morocco 3.4M Soroa Pepinieres, S.A.R.L., Morocco 2.6M Agrolito Tunisie, SARL, Tunisia 3.7M Nakheel Palestine for Agricultural Investment, West Bank and Gaza 2.2M Banking and Financial Services HBZ Bank, South Africa 12.3M Power Triumph Power Generating Company Limited, Kenya 106.8M Services Villa Maria Hospital; Callao Hospital; Trecca Tower Medical Center; and Distribution Centers, Peru 173.9M Motorcare Sierra Leone Limited, Sierra Leone 1.4M
EVENTS 2012 IIF Asia CEO Summit, March 13, 2012 SuperReturn China, Beijing, March 26, 2012 Mines and Money Hong Kong, March 19, 2012 Projects and Infrastructure International, Barcelona, Spain, June 18, 2012
RELATED LINKS
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