MIGA and the Government of Mongolia Commit to Further Collaboration

MIGA and the Government of Mongolia Commit
to Further Collaboration
Agreements will Facilitate Private Sector Investment into the Country

Washington, DC, April 20, 2015—The Government of Mongolia and the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, signed important legal agreements during the spring meetings of the World Bank Group that will facilitate MIGA’s ability to insure foreign direct investment into the country.

At a signing ceremony held on Saturday, His Excellency Jargaltulga Erdenebat, Minister of Finance, said, “We appreciate MIGA’s commitment to help Mongolia bring much-needed foreign direct investment into the country and we look forward to fruitful collaboration.”

Keiko Honda, MIGA Executive Vice President and CEO, noted “These important agreements pave the way for us to support private sector investment that will help Mongolia diversify its economy and contribute to the country’s infrastructure development.”

The parties discussed a number of areas where MIGA could potentially support foreign investments, including the energy and financial services sector.

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MULTILATERAL INVESTMENT GUARANTEE AGENCY
A Member of the World Bank Group
1818 H Street, NW, Washington, DC 20433

MIGA Contact:
Mallory Saleson, MIGA
Tel: +1 202 473-0844
E-mail: msaleson@worldbank.org

Rebecca Post, MIGA
Tel: +1 202-473-1964
E-mail: rpost@worldbank.org

Cara Santos Pianesi, MIGA
Tel: +1.202.458.2097
E-mail: csantospianesi@worldbank.org