guarantees as high as 90 percent of the investment money and up to 95 percent of the original loan.
Bond added that the annual support provided by MIGA
is about $1.
Izumi Kobayashi, MIGA
's Executive Vice President, notes the initiative is strongly aligned with World Bank and MIGA
objectives as well as MIGA
's commitment to respond to countries hit by the financial crisis.
What are the main institutions that MIGA
deals with in Egypt?
The DIFC and MIGA
are working closely to nurture, assist and support the industry to expand and gain depth," said Abdulla Al Awar, chief executive of the DIFC Authority.
In the MIGA
report cited earlier, the agency maintains that insurance against the possibility that a government will impose currency transfer restrictions, or that a currency will become difficult to convert into a major international currency, whether caused by government or market actions, will "protect against losses arising from an investor's inability to convert local currency .
While it might take four months to get political risk insurance coverage through OPIC or MIGA
, in the private market the project could gain insurance within a month, and in some cases, in as little as two days, Minor said.
Omura, who is currently running a charitable company in London to raise finances for worldwide AIDS prevention, will replace Motomichi Ikawa, also a Japanese national, as MIGA
executive vice president, the group said.
, therefore, offers insurance for investment projects not yet protected by insurance.
Under the joint financing scheme, MITI will guarantee $400 million worth of loans by a syndicate of commercial banks led by Deutsche Bank and the Industrial Bank of Japan, MITI and MIGA
said in a statement.
3 million underground gold and silver mine against "the risks of currency transfer restriction, expropriation and war and civil disturbance," according to MIGA
Some companies believe purchasing political risk insurance from OPIC or MIGA
has an added element of prevention.