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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
Fabrica de Lixivia Corasol, Ltda
Project ID
1081
Fiscal year
1998
Status
Not Active
Guarantee holder
Vaasan Saippua Oy - Vasa Tval Ab
Mr. Jari Peltokangas
Investor country
Finland
Portugal
Host country
Angola
Sector
Manufacturing
Gross exposure
 $2.3 million
Project type
Non-SIP

MIGA issued $2.3 million in coverage to two investors, from Portugal and Finland, for their investments in the construction of a soap factory in Viana, near Luanda. The guarantees provide coverage against the risks of transfer restriction, expropriation, and war and civil disturbance.

The new soap factory will diversify the product line of the existing project enterprise, which manufactures liquid detergents and scouring powder. The new range of soaps will reduce Angola's dependence on imports of these products. The developmental impacts of the project include upstream and downstream benefits such as local procurement of plastic bottles, wrapping, cardboard boxes, and local transport services.

 
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