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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.

 
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