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MIGA and Financial Times Host Fourth Summit on Managing Global Political Risk

The relationship between sovereign risk and political risk—and its impact on global markets—attracted keen interest among panelists and some 120 delegates ranging from representatives from banking and financial institutions to academic and business experts, analysts, and investors. While some dwelled on the obstacles in the current economic and political client, others saw opportunity.
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MIGA and Financial Times Host Fourth Summit on Managing Global Political Risk

World Investment and Political Risk Report Highlights Sovereign Default Risk

MIGA released its fourth annual World Investment and Political Risk report in December. The 2012 edition of the report looks at the risk of sovereign defaults, typically caused by adverse economic shocks, and how it relates to expropriation. It also provides the results of an investor survey. Despite ongoing uncertainty, half of the survey’s respondents plan to increase investment in developing countries in the next 12 months.
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World Investment and Political Risk Report Highlights Sovereign Default Risk

Sao Tome and Principe Becomes MIGA Member

MIGA’s member countries reached 178 in December. São Tomé and Principe’s membership in MIGA means that direct foreign investment into the country is eligible for the agency’s political risk insurance. Investors from the São Tomé and Principe going into other developing countries may also receive coverage from MIGA for their investments into other developing member countries.
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Sao Tome and Principe Becomes MIGA Member

World Bank Group Approves First Country Partnership Strategy for Iraq

Shortly after MIGA Executive Vice President visited Iraq in December, the World Bank Group approved a strategy for Iraq focusing on inclusive growth, jobs, and good governance. Having already supported one manufacturing investment project, MIGA remains open to supporting investments into Iraq from all countries, including South-based and regional investors.
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World Bank Group Approves First Country Partnership Strategy for Iraq

Business Goes on in the West Bank and Gaza

Demand for coverage under the MIGA-administered West Bank and Gaza Investment Guarantee Fund has increased markedly in recent years. In December, the fund guaranteed two investments in the manufacturing sector. MIGA blogger and local representative Layali Abdeen says the resilience of the Palestinian private sector is evident as businesspeople insist on keeping operational in the face of the harsh conditions they face every day.
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Business Goes on in the West Bank and Gaza

NEW CONTRACTS

Leasing
I.C.S. Raiffeisen Leasing S.R.L., Moldova, 6.1M

Manufacturing
Al Haram Modern Plastic Products Industry Company, West Bank and Gaza, 1.7M
Al Jebrini Cheese Industry, West Bank and Gaza, 1.7M

Services
Sky Handling Partner Sierra Leone Limited, 1.9M

Water Supply
Seawater Desalination Project in Ghana, 179.2M

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

Agribusiness
EcoPlanet Bamboo, Nicaragua 27M

Manufacturing
Gabon Fertilizer Company SA, Gabon 800M

Telecommunications
Comzatel Mozambique, 12.4M


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Investment Guarantee Guide
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