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Karnaphuli Fertilizer Company Limited

$19.8 million
Project Brief
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MIGA's guarantees of $9.9 million each support two Japanese equity investors in the Karnaphuli Fertilizer Company Ltd. (KAFCO) in Bangladesh. This large project, which involves a total investment of $435 million, is the first major private-sector investment in Bangladesh. It will provide 2,000 jobs during the construction phase and 835 permanent jobs. Investment insurers from Denmark, Japan, the United Kingdom and the United States, as well as a number of bilateral aid and export agencies, also are expected to participate in the project.

MIGA's insurance covers loan guaranties issued by Marubeni and Chiyoda against the risks of expropriation and war and civil disturbance.