Aradhana Kumar-Capoor Appointed as MIGA Director and
Appointment augments political risk insurance and credit enhancement products
WASHINGTON DC, Dec 27, 2016— The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced the appointment of Aradhana Kumar-Capoor as Director and General Counsel for MIGA.
Ms. Kumar-Capoor, an Indian national, joined the Bank in January 2001 as Counsel in the MIGA Legal Affairs and Claims Department. She has since held various positions, with her most recent assignment being Chief Counsel in MIGA.
In this new position Ms. Kumar-Capoor will be responsible for the legal aspects of all MIGA policies and transactions, including eligibility and deal structure, contract negotiation and drafting, dispute resolution and claims management. Her top three priorities will be: (i) leading MIGA's legal team to find creative solutions for host governments and private investors and supporting innovation; (ii) enhancing MIGA's pre-claim management; and (iii) as a member of MIGA Management Team, contributing to improving the quality of management decisions and MIGA's sustainable growth.
Prior to joining MIGA, Ms. Kumar-Capoor worked for several years as a corporate and transaction attorney in the United States and in India concentrating on project finance, structured finance and risk mitigation. Ms. Kumar-Capoor holds a law degree in international business law and a master's degree in international relations. She is admitted to the bar in New York and in New Delhi.
"Aradhana has had a tremendous track record at MIGA, having worked on several complex financial, infrastructure, and oil, gas and mining transactions," said Keiko Honda, MIGA's Executive Vice President and CEO. "Her appointment is a reflection of her dedication, and also her acumen for handling the most challenging legal issues."
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MIGA was created in 1988 as a member of the World Bank Group to promote foreign direct investment in emerging economies by helping mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war & civil disturbance; and offering credit enhancement to private investors and lenders. For more information, visit www.miga.org
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