MIGA Executive Vice President and CEO Visits Egypt

MIGA Executive Vice President and CEO Visits Egypt

View the press release in Arabic​

Washington, Cairo, September  15, 2014 – Keiko Honda, the Executive Vice President and CEO of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—will visit Egypt September 15-18. Honda’s visit underscores MIGA’s commitment to support private sector investment at a pivotal time for the country. 

During her visit, Honda will hold meetings with government officials and the private sector to discuss how the Agency can assist with projects aligned with government priorities in strategic and job-creating sectors such as energy, transportation, manufacturing, tourism, and agriculture.

In Cairo, Honda will also give a keynote speech at the Euromoney Egypt Conference. She will use the opportunity to emphasize the country’s potential for international investors and underline how MIGA can help stimulate the entrance of productive capital to support the government’s plans for economic growth.

MIGA is currently supporting projects in the energy and manufacturing sectors, including a greenfield investment in the manufacturing sector that is expected to contribute significantly to the economy.

“MIGA stands ready to insure investments that will send a positive signal to others considering entering—or re-entering—during these challenging times,” said Honda. She underlined, “We are committed to supporting Egypt during this important moment of transition.”

While FDI into Egypt has recovered since 2011, when there was a net outflow of nearly $500 million, it has yet to reach earlier levels. To assist the country and the broader region, MIGA launched an initiative in the wake of the unrest that began in 2011 under which the Agency has mobilized capacity of up to $1 billion for new guarantees for cross-border investments in the Middle East and North Africa.

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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