WASHINGTON DC, April 9, 2018 — Keiko Honda, Executive Vice President and CEO of the Multilateral Investment Guarantee Agency (MIGA) - the political risk insurance arm of the World Bank Group - will visit Tokyo, Japan from April 11 to April 16 to meet with government officials and private sector investors and lenders. While there, Ms. Honda will also be speaking on Japan's contributions to development finance at Waseda University on April 13.
As of February 2018, MIGA is supporting approximately $20 billion investments in developing countries, including over $2 billion by Japanese companies, primarily in infrastructure such as transportation and power.
"Japanese firms and banks have been steadfast partners in helping tackle development challenges, including building high quality infrastructure across the world," Honda said. "We are grateful and honored for the ongoing support of the Japanese government, and the people of Japan."
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.
This year marks MIGA's 30th Anniversary. Over the last three decades, MIGA has directly supported $45 billion in investments for 830 projects in 111 developing countries.
In Washington: Vamsee Krishna Kanchi, (202) 458-9771, firstname.lastname@example.org
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