http://www.miga.org/documents/miganews/images/banner_sepoct12.jpg

2012 Annual Report Notes Strong Results and Continued Financial Strength

MIGA launched its 2012 Annual Report in September. The report notes the Agency's support for significant levels of foreign direct investment in frontier markets. Overall, 70 percent of MIGA's new volume this year fell into one or more of MIGA's priority areas: investments in the world's poorest countries, "South-South" investments, investments in conflict-affected countries, and investments in complex projects.
>> more

2012 Annual Report Notes Strong Results and Continued Financial Strength

MIGA Leads the Way in Libya

In October, MIGA provided an investment guarantee backing the ongoing operations and expansion of Jafara Group Limited, a company that produces, bottles, and distributes drinking water, juice, and harissa in Libya. MIGA's support through its Small Investment Program represented the first use of a World Bank Group lending or guarantee instrument in the country.
>> more

MIGA Leads the Way in Libya

Nicaragua's Eolo Wind Farm Backed by MIGA Guarantee

MIGA is covering an equity investment by Globeleq Mesoamerica Energy (Wind) Limited that will generate up to 170 gigawatt hours of electricity per year without requiring any fossil fuel supply. The wind farm is in Nicaragua's Rivas Province and consists of 22 wind turbine generators, as well as the facilities and equipment required to connect the generators to a high-voltage substation.
>> more

Nicaragua's Eolo Wind Farm Backed by MIGA Guarantee

MIGA Reinsurance Shores up Investment in Egypt

MIGA is providing reinsurance of $150 million to the Overseas Private Investment Corporation (OPIC) for its coverage to Apache Corporation's investments in Egypt. MIGA's provision of long-term reinsurance to OPIC will allow Apache, an oil and gas exploration and production company, to maintain its insurance coverage after the private insurance market partially withdrew from Egypt following the recent political unrest.  (Photo:  Apache Corporation)
>> more

MIGA Reinsurance Shores up Investment in Egypt

NEW CONTRACTS

Manufacturing
Jafara Co. for Food Production, Libya, 9.8M
Oil and Gas
Apache, Egypt, 150M
Power
Bujagali Energy Ltd., Uganda, 10M
Eolo Wind Farm, Nicaragua, 16.3M

PROPOSED GUARANTEES
In accordance with the agency's disclosure policy, MIGA discloses summaries of all proposed guarantees.

Agribusiness

Yalelo, Ltd., Zambia, 6M
Leasing
I.C.S. Raiffeisen Leasing S.R.L in Moldova, Moldova, 6.1M
Manufacturing
Rwanda Stones & Construction Ltd., Rwanda, 5.9M
Power
Ashuganj Power Station Company Ltd. (APSCL), Bangladesh, 300.0M
Services
Cotecna Inspection S.A., Niamey Liaison Office, Niger 6M
Solid Waste Management
Municipal Solid Waste to Energy, Sri Lanka, 38M


EVENTS
China Overseas Investment Fair, Beijing, December 3-4, 2012

FT-MIGA Summit: Managing Global Political Risk - The Sovereign Debt Threat, London, London, December 6, 2012


RELATED LINKS

About MIGA
Project briefs
Sector briefs
Investment Guarantee Guide
Guarantee application
Press releases

Follow us on Twitter

 


FOR PREVIOUS ISSUES OF MIGANEWS, VISIT THE MIGANews Archive
SEND FEEDBACK TO miganews@worldbank.org
FOR GENERAL INQUIRES AND APPLICATIONS, CONTACT Michael Durr at migainquiry@worldbank.org
TO SUBSCRIBE, CLICK HERE. TO UNSUBSCRIBE, CLICK HERE
.