main navigation menu miga logo
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter
x

About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Togo

Cotecna Inspection S.A. Bureau de Liaison du Togo

$10.7 million
Services
Summary of Proposed Guarantee
Not Active

This summary covers an investment by Cotecna Inspection S.A. of Switzerland in Cotecna Inspection S.A. Bureau de Liaison du Togo (COINS-Togo). The investor has applied for MIGA guarantees of up to €7.51 million ($10.7 million equivalent) for a period of up to five years against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract.

COINS-Togo is providing import verification services on behalf of the government of Togo under a build, operate, and transfer concession between Cotecna Inspection S.A. and the government of Togo. The service contract involves the supply, installation, and operation of an x-ray scanner and GPS-based container tracking equipment, as well as the management of the import verification system for goods entering Togo through the Port of Lomé.

Environmental Categorization

The project is a category B under MIGA’s Policy on Social and Environmental Sustainability. Click here to view the Environmental and Social Review Summary.

Development Impact

The project will improve Togo’s position as a trading partner by introducing greater transparency and efficiency into the Port of Lomé’s operations. This will help Togo realize the benefits of a deepwater port that can serve neighboring land-locked countries. The transparent audit trail provided by scanning data will also help the government secure revenues through the elimination of opportunities for fraud and fiscal evasion. Security at the port will also be enhanced by ensuring that containerized goods are not illegal.

This proposed project is aligned with MIGA’s strategic priorities of supporting investments into countries eligible for assistance from the International Development Association as well as countries affected by conflict.