Chad Becomes Newest Member of MIGA

Chad Becomes Newest Member of MIGA

WASHINGTON, DC, June 17, 2002 — Chad joined 156 other nations on June 11 to become a member of the Multilateral Investment Guarantee Agency (MIGA), a World Bank Group agency.
As a member of MIGA, investments going into Chad are now eligible for guarantee coverage by the agency. Chadian investors interested in taking their business into other developing countries can now receive coverage as well. The country is also eligible to receive MIGA's technical assistance services.

Chad, a landlocked country in Central Africa with a population of 7.6 million, is one of the world's poorest countries.

"We are delighted Chad has completed its membership requirements," said Motomichi Ikawa, the executive vice president of MIGA. "Promoting investment in Africa is one of the agency's priorities, and this will enable us to further broaden our scope on the continent."

For information

On MIGA, contact:
Angela Gentile, agentile@worldbank.org, t. 202.473.3509