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This newsletter provides a selection of the most recent information on MIGA's activities and projects.

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MIGANews December 2015 Issue

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MIGA provides $1 billion in guarantees for Oyu Tolgoi, engine of Mongolian jobs and growth

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In December, MIGA announced its support to the world-class Oyu Tolgoi copper and gold mine in Mongolia's South Gobi desert. Together, IFC and MIGA have arranged $2.2 billion in debt and guarantees for the project, which is set to create thousands of jobs, generate billions of dollars in government revenues and local spending, and support a large-scale vocational training program. Oyu Tolgoi is a tremendous financial undertaking and its success sends a positive signal to other investors looking to support investments in Mongolia. The World Bank Group's engagement also reflects a commitment to see the project developed in accordance with high environmental and social standards, and to help the private sector build and operate projects with significant development impact.

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MIGA NEWS
Created at 12/21/2015 3:56 PM by Cara Santos Pianesi
Last modified at 12/30/2015 11:03 AM by Cara Santos Pianesi