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Investors Cautious, Finds World Investment and Political Risk Report

In December, MIGA launched its fifth annual World Investment and Political Risk report at a London event cohosted by the Financial Times. A survey conducted for the report found that macroeconomic instability and political risk rank neck-and-neck as top concerns for investors as they plan over the short and medium terms. Once again, breach of contract and regulatory risks top survey respondents’ political risk concerns. The London event, Managing Global Political Risk, featured a discussion of the report’s findings as well as a look into how emerging markets can be more creative in accessing capital markets.
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Investors Cautious, Finds World Investment and Political Risk Report

Heads of World Bank, IFC, and MIGA Speak to US Private Sector

In a show of commitment to engaging the private sector in development, World Bank Group President Jim Yong Kim, IFC head Jin-Yong Cai, and MIGA head Keiko Honda spoke at a November event hosted by the United States Chamber of Commerce. By all accounts, this was the first time the heads of the three agencies appeared together before a private-sector audience. They outlined how the World Bank Group agencies will work more closely together to combine grants, concessional finance, private sector investment, and investment guarantees to support development.
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Capital Markets Issue Gets Boost from MIGA Coverage

Myanmar Becomes MIGA Member 

After signing MIGA’s Convention in October, Myanmar became MIGA’s 180th member country in December. MIGA is eager to support environmentally and socially sustainable investments that will help the country realize the benefits of the transition that has taken place there.
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Myanmar Becomes MIGA Member
 

Keeping the Lights on in Lebanon

In November, MIGA issued guarantees supporting several upgrades to the power distribution network in northern Lebanon – the Agency’s first support of an investment in the country. The project involves customer support services, installation of a new metering system, operations and maintenance, planning and design, construction, and network surveys. MIGA blogger and Lebanese national Antoine Jaoude reflects on the country’s power deficit. 
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Keeping the Lights on in Lebanon 

MIGA Backs Dairy Processing Facility in Afghanistan 

In November, MIGA issued guarantees to Van den Heuvel Dairy Food Equipment B.V. of the Netherlands and two individual investors for their investment in a facility that will produce high-quality dairy products in Kabul Province. The products will offer a cheaper and healthier alternative to imported UHT milk and help the dairy industry recover after it was largely destroyed during the Afghan civil war.
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MIGA Backs Dairy Processing Facility in Afghanistan 

NEW CONTRACTS 

Agribusiness
Kabul Dairy Processing Plant, Afghanistan, 1.8M

Services
Butec Utility Services S.A.L. in Lebanon, Lebanon, 35.5M

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

Financial
Société Générale Banka Srbija a.d. Beograd – Central Bank, Serbia, 199.5M
RN Bank, Russian Federation, 390M

Infrastructure
Redal S.A. and Amendis S.A., Morocco, 195M

Manufacturing
Elif Global Packaging S.A.E., Egypt, 40.6M
OOO Ken-Pak Zavod Upakovki, Russian Federation, 64.6M

Oil and Gas
Egyptian Refining Company, Egypt, 26M

Power
Energía Eólica de Honduras S.A, Honduras, 84M

Tourism
HBD Ecotourism Development, Sao Tome and Principe, 82.9M


EVENTS

Insuring Export Credit and Political Risk, London, February 26, 2014

Africa Port Development Forum, Durban, March 3 to 6, 2014


RELATED LINKS 

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

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