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Keiko Honda Appointed MIGA Executive Vice President

World Bank Group President Jim Yong Kim announced the appointment of Keiko Honda in March. Honda, a Japanese national, is joining MIGA from McKinsey and Co where she is a Director. She has also served on a number of Japanese government committees including the Council of Regulatory Reform for Prime Minister Koizumi and several earlier administrations. Current EVP Izumi Kobayashi will step down when her term ends on June 30, 2013. Honda will take up her position on July 15.
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Keeping the Private Sector Thriving in West Bank and Gaza

Board Approves Conflict-Affected and Fragile Economies Facility

A new trust fund will allow MIGA to increase its support for investments into conflict-affected and fragile economies, while responsibly managing the Agency’s risk exposure. The facility will use donor partner contributions and guarantees as well as MIGA guarantees to provide an initial loss layer to insure investment projects in conflict-affected and fragile economies. The Canadian International Development Agency is providing CAD $20 million in funding and discussions are under way with other potential donors.
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MIGA Supports First Power-Sector Credit Facility Agreement in Bangladesh

MIGA Announces Representative in Seoul

Ms. Junglim Hahm has joined MIGA as its representative in Seoul, a move that highlights Korea’s significance as a strategic market for outward investment. Hahm’s appointment also follows the announcement last October of the opening of a World Bank Group office in Seoul to strengthen joint efforts between the World Bank Group and Korea to find sustainable development solutions for emerging countries. 
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 MIGA Announces Representative in Seoul 

Mobilizing Foreign Direct Investment in Côte d’Ivoire

In the past year, MIGA has provided investment guarantees for three major infrastructure investments in Côte d’Ivoire. Together, these investments are mobilizing more than $2 billion into this post-conflict country. They include a toll new bridge in Abidjan that is the first public-private partnership to use a minimum revenue guarantee; the expansion of thermal power plant to combined-cycle technology; and the expansion of an offshore gas facility supplying the country’s thermal power plants.
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Mobilizing Foreign Direct Investment in Côte d’Ivoire

Comoros Joins MIGA 

Comoros joined MIGA in March, becoming the Agency’s 179th member country. Investors going into the Comoros archipelago in the Indian Ocean may now apply for MIGA’s investment guarantees. 
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Business Goes on in the West Bank and Gaza

NEW CONTRACTS

Agribusiness
Yalelo Limited, Zambia, 2.5M

Financial
Eurobank AD Beograd – Central Bank Mandatory Reserves Coverage(Thimar), Serbia, 250.1M

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

Agribusiness
Silverlands Ranching Limited, Zambia 9.8M

Financial
GeoCapital, Georgia, 2M
Erste Bank a.d. Novi Sad,, Serbia 74.1M

Manufacturing
Bio ZMZM for Plastic Industries
, West Bank and Gaza, 1.8M

Power
Cambambe Hydroelectric Project-Phase II, Angola, 605M

Services
Cotecna de El Salvador S.A. de C.V. El Salvador, 24.6M
Société de Scanning du Gabon S.A., Gabon, 7.5M
Malagasy Community Network Services S.A. – GasyNet, Madagascar, 2.9M

Tourism
Azalaï Abidjan Hotel, Côte d’Ivoire, 8.2M

Transportation
BT20 National Highway 20,Vietnam, 400M
Hanoi-Haiphong Expressway, Vietnam, 650M


SPECIAL EVENT 

MIGA Announces Representative in Seoul

MIGA is supporting Euromoney's Development and Agency Finance Conference in Washington, DC June 10-11. In honor of MIGA's 25th anniversary, Euromoney is offering MIGA clients and colleagues a 25% discount on registration. Learn more and register here. Discount code is MIGA25.


RELATED LINKS 

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

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