Asia and the Pacific

Since its inception, MIGA has issued nearly $2.0 billion in guarantees for more than 90 projects in Asia, with guarantees ranging from less than $200,000 for a project in China to $118 million for an investment in the Philippines.

In fiscal year 2009, MIGA guaranteed three projects, totaling $77.1 million. Two of the projects were in China, including a wastewater treatment project in Chongqing municipality which we anticipate will promote improved water quality as well as better environmental practices in a region of the country that has lagged behind in attracting FDI.

MIGA also provided guarantees in support of the financial sector in Pakistan. The sector faces many challenges, including low banking penetration and limited access to finance, especially where SMEs and rural communities are concerned. To continue to assist underserved yet productive segments of the economy, MIGA issued guarantees last year totaling $1.8 million for the establishment of the Kashf Microfinance Bank in conjunction with the Kashf Foundation, a foundation which uses group lending to provide finance to micro and small business owners, especially women, in regions across the country.

Updated September 2009

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