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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.

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

Pakistan

Habib Bank AG Zurich, Pakistan Branches

$5.9 million
Banking
Project Brief
Not Active
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MIGA has issued Habib Bank AG Zurich of Switzerland a $5.9 million guarantee covering its branch capital investment in Habib Bank AG Zurich, Pakistan Branches. The guarantee is for a period of up to 15 years and covers against the risks of transfer restriction and expropriation.

The investment aims to meet Habib’s immediate growth needs and help it comply with Basel II capitalization requirements. Habib currently has 17 branches in Pakistan and is planning to open four more. Habib employs about 675 people, and expects to add 100 new employees to its payroll by 2006. The bank will provide extensive training and benefits. Habib’s continued presence in Pakistan has a strong demonstration effect on the banking sector, with its emphasis on good corporate governance and its stable capital base, high liquidity, and close cooperation with regulatory bodies.

MIGA’s support to Habib fits into the World Bank Group strategy for Pakistan’s financial sector, which aims to increase competition and expand access to financial services.

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