Dhaka, Bangladesh (BBN)– Keiko Honda, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—will visit Bangladesh from April 27-30.
During her visit, Honda will meet with government representatives, state-owned enterprises, and banks to identify areas where MIGA can help the country mobilize capital for important power and infrastructure projects to meet its development goals, a World Bank statement said in Dhaka on Saturday.
Since MIGA’s inception, the Agency has insured projects in Bangladesh in several sectors, including power, manufacturing, telecommunications, and banking. Most recently, the Agency issued guaranteed in support of the Ashuganj South power plant, which is adding clean generation capacity to the nation’s grid through an indigenous fuel source. MIGA’s current gross exposure in Bangladesh is $330 million.
“While Bangladesh’s recent economic growth is certainly a positive trend, it brings higher demand for power and better infrastructure,” said Honda. She continued, “We believe MIGA can play a continued, important role in catalyzing investments in the country.”
BBN/SSR/AD-26Apr14-11:09 am (BST)
