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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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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 OAO Kazakhtelecom LLP

$23.5 million
Telecommunications
Project Brief
Not Active
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MIGA issued further guarantees totaling $23.5 million for equity investments and two shareholder loans provided to GSM Kazakhstan by Fintur Holdings B.V. of the Netherlands and Pamukbank TAS of Turkey. MIGA's gross exposure under the project, including the guarantees issued in 1999, is $32 million. The project entails the expansion of existing digital cellular technology in Kazakhstan and extension of services into previously underserved areas.

The project will contribute to the development of modern telecommunication services in Kazakhstan using the GSM (Global System for Mobile telecommunication) network. The expansion also includes the integration of Internet and satellite and data transmission services. MIGA will support an increasingly important and growing sector in the Kazakhstani economy, while consumers will benefit from the availability of high-quality telecommunication services. The Kazakhstani GSM subscriber base is expected to increase to 460,000 by year-end 2001, from 141,000 at the end of 2000.

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