Projects
Project Brief
Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.
- Project name
- Iveri Payment Technologies
- Project ID
- 7790
- Fiscal year
- 2012
- Status
- Not Active
- Guarantee holder
-
ADC IT & Payment Solutions
- Investor country
-
Mauritius
- Host country
-
South Africa
- Environmental category
- C
- Sector
-
Financial Services
- Date SPG disclosed
- January 27, 2012
- Project Board date
- February 10, 2012
- Gross exposure
- $0.8 million
- Project type
- SIP
View Summary of Proposed Guarantee
In fiscal year 2009, MIGA issued a guarantee of $320,000 for ADC IT & Payment Solutions (ADC) of Mauritius covering its equity investment in Iveri Payment Technologies of South Africa. In fiscal year 2012, the contract was amended to provide additional coverage of $0.8 million, bringing MIGA’s gross exposure under the project to $1.1 million. The scope of the project has not changed. Please refer to the project brief issued in fiscal year 2009.
