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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 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.

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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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.

Guinea

Société des Grands Moulins de Guinée S.A.

$9 million
Agribusiness
Project Brief
Not Active
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MIGA issued a $9 million guarantee for a shareholder loan made by Agro-Industrial Investment and Development S.A. of Panama to Société des Grands Moulins de Guinée S.A., a mill that produces flour for local distribution and bran for export. This follows previous contracts issued by MIGA for the initial equity and debt investments in the project enterprise. The new coverage is for an additional shareholder loan to restructure and refinance the project's debt. It offers protection against the risks of expropriation, and war and civil disturbance.

The flour mill, the only one in the country, helps offset the need to import flour. In addition, the project is employing local workers, providing staff training, and initiating community involvement through university training programs and local sports events. The project is also benefiting local flour distributors and users by providing cheaper, fresher flour, saving about $4 million a year in imports and generating export and foreign exchange revenue.

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