MIGA Head Visits Colombia

MIGA Head Visits Colombia

Washington, DC, Bogotá, March 19, 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, travels to Colombia March 20th for a visit underlining the agency’s support to cross-border private investment.

Honda will meet with government officials and private investors including banks to showcase how MIGA’s investment insurance and credit enhancement can further help the country meet its development objectives.

“There is a great deal of energy in Colombia’s economy right now as the country is attracting significant foreign direct investment” said Honda. “I want to raise awareness about how MIGA can contribute to further economic growth.”

MIGA recently provided $95 million in credit enhancement to KfW Bankengruppe—the German development finance agency—for its long-term financing to Colombia’s Findeter, a development finance institution that lends to urban infrastructure projects directly and through financial intermediaries such as commercial banks.

Since the agency’s inception, MIGA has provided $353 million in guarantees to support investments into Colombia in a broad range of sectors including financial services, banking, power, telecommunications, and mining.  The agency has insured outbound investment in the financial services, transportation, and manufacturing sectors.

_________________________

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