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

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

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

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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.

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Young woman bending down to tending to her outside chores

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

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Hyundai building

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

Kazakhstan

GSM Kazakhstan O.A.O.

$14.3 million
Telecommunications
Project Brief
Not Active
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MIGA issued an $8 million guarantee to Bank Kreiss AG of Germany and a $6.3 million guarantee to Banque de Commerce et Placements S.A. of Switzerland for their respective loans to a digital cellular telecommunications network in Kazakhstan. The loans are insured against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project consists of the operation of a state-of-the-art cellular network in Kazakhstan according to the GSM (Global System for Mobile telecommunications) standard, in which Turkcell, a major Turkish telecommunications operator, will have a majority share. GSM Kazakhstan expects its number of subscribers to increase from currently 15,000 to more than a million by the year 2008. The company is expected to employ 83 local staff by the year 2000 who will receive technical, general GSM, and marketing training.

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