MIGA Executive Vice President and CEO Visits Morocco

MIGA Executive Vice President and CEO Visits Morocco

Washington DC, Rabat, March 3, 2015 – Keiko Honda, Executive Vice President and Chief Executive Officer of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance and credit enhancement arm of the World Bank Group—arrives today for her first visit to Morocco as head of the Agency. Honda’s two-day trip underscores MIGA’s continued support to the country as it seeks to attract private sector investment that will help boost economic growth.

Honda will meet with government ministries, banks, and private sector entities to discuss strengthening cooperation between MIGA and Morocco to better support foreign direct investment into the country, as well as Moroccan investment going abroad. She will highlight ways MIGA’s insurance can offer investors and lenders protection to overcome constraints that may hinder investment.

“Morocco is one of the top recipients of foreign direct investment on the continent and sends a healthy amount of investment abroad,” said Honda. “As the country continues with its plans for economic modernization with an eye to becoming an international financial center, these flows are increasingly important—and MIGA stands ready to support them.”

Since its inception, MIGA has insured several investments in Morocco’s manufacturing, agribusiness, and banking sectors.

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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