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MIGA Launches New Operational
Strategy to Achieve Greater Impact
 

A new three-year strategy issued by MIGA in April underpins continued growth by nearly 50 percent over the next four years. The Agency’s focus areas continue to be IDA and fragile and conflict-affected states, and transformational projects; transactions with strong development impact in Middle Income Countries and the Agency will support the World Bank Group efforts on energy efficiency and climate change.  The Agency will optimize opportunities presented by its expanded political risk insurance and credit enhancement products and broader client base by strengthening business development across sectors and regions.
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 MIGA Launches New Operational Strategy to Achieve Greater Impact

South Sudan Signs Host Country Agreements during World Bank Group Spring Meetings

Potential clients interested in MIGA’s cover for investments in South Sudan will benefit from agreements signed between the Agency and South Sudan in April. The legal protection agreement and local currency agreement provide added protection for MIGA and its clients, decreasing the risk and cost of doing business in the new country. South Sudan’s finance minister stated the vast need for investment in the country and expressed his optimism that investors will focus on the significant opportunities there.
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South Sudan Signs Host Country Agreements during World Bank Group Spring Meetings

MIGA Announces New Heads of Infrastructure, Asia Hub 

Carlo Bongianni has joined MIGA as sector manager for infrastructure (covering transportation and water). In this capacity, he leads business development and underwriting for the sector. Muhamet Fall, who joined MIGA in 2004, was appointed head of the Agency’s Asia hub based in in Singapore.
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MIGA Announces New Heads of Infrastructure, Asia Hub 

MIGA Backs Debt Financing for Public Infrastructure in Vietnam

With the introduction of MIGA’s non-honoring product in 2010, the Agency is playing an increasingly prominent role in mobilizing commercial debt financing for large public infrastructure projects. In March, MIGA provided non-honoring of sovereign financial obligations cover of $500 million to the lenders financing the construction works for a severely dilapidated section of a crucial highway in Vietnam. The road works will reduce travel time, improve safety, and increase rural incomes in a region where close to 40 percent of the rural population still lives below the poverty line. 
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MIGA Backs Debt Financing for Public Infrastructure in Vietnam 

NEW CONTRACTS 

Financial
NBG Central Bank Mandatory Reserves Coverage in Macedonia, Macedonia, 143.9M

NBG Central Bank Mandatory Reserves Coverage in Serbia, Serbia, 214.5M

Transporation
BT20 National Highway 20, BT20 National Highway 20, Vietnam 500M

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

Agribusiness
Silverlands Tanzania Limited, Tanzania 34M

Financial
AFP Crecer S.A., El Salvador, El Salvador Cameroon, 103M
Financiera del Desarollo S.A., Colombia 95M

Manufacturing
National Beverage Company - Gaza Branch, Gaza, 18M 

Power
Adjaristsqali Hydro Project, Georgia, 64M

Services
Cotecna Inspection, S.A., Burundi Liaison Office, Burundi, 8.6M
Sky Handling Partner Sierra Leone Limited,  Sierra Leone, 5.5M


EVENTS
Africa Financial Services Investment Conference (MIGA speaking), Brighton, UK, May 15 to 16, 2014

Global Infrastructure Basel Summit (MIGA Speaking) Basel, Switzerland, May 21 to 25, 2014

Euromoney's 5th Annual Development and Agency Finance Conference Washington, DC, June 9 to 10, 2014


RELATED LINKS 

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

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