Our Currency Inconvertibility and Transfer Restriction coverage provides protection against losses arising from an investor’s inability to legally convert local currency (capital, interest, principal, profits, royalties, and other remittances) into hard currency (Dollar, Euro or Yen) and/or to transfer hard currency outside the host country where such a situation results from a government action or failure to act. Currency depreciation is not covered. In the event of a claim, MIGA pays compensation in the hard currency specified in the contract of guarantee.
Case Study
Illuminating Congo's Future: A Collaborative Approach to Energy Access
The Nuru Metro Grid project represents a breakthrough approach to energy access bringing together private sector investors, multilateral risk mitigation and investment from the World Bank Group and other development partners, and local market expertise from Nuru SASU. It targeted provinces with low grid electrification but high economic activity and market potential, aiming to transform energy access in these underserved regions.
