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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
Manas Management Company
Project ID
Fiscal year
Not Active
Guarantee holder
Italian Technology & Innovations S.r.l. and FINREP HANDLES GmbH
Investor country
Host country
Kyrgyz Republic
Environmental category
Gross exposure
 $0.8 million
Project type
Priority Areas: IDA, SME

MIGA issued $442,500 million in guarantee coverage to Italian Technology & Innovations S.r.l. (ITI) of Italy and $442,500 to FINREP HANDELS GmbH (FHG) of Austria for their respective investments of $500,000 each in Manas Management Company (MMC) of the Kyrgyz Republic. The guarantees cover the respective investments against the risks of transfer restriction, expropriation, and war and civil disturbance. The coverage does not support new financial or capital investments, but rather reflects a partial transfer of equity from ITI to FHG relating to the project, which was originally supported by MIGA in fiscal 1998 and 1999.

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