MIGA Head Visits Zambia

MIGA Head Visits Zambia

Washington DC, Lusaka, July 14, 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 in Lusaka July 15 for her first visit to Zambia as head of the agency. Honda's three-day visit 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 to better support foreign direct investment into the country. She will highlight ways MIGA's political risk insurance can offer investors and lenders protection to overcome constraints that may hinder investment.

"We see significant opportunities for Zambia and MIGA can help by facilitating private investments in energy, agribusiness, manufacturing, and other sectors," said Honda. She added, "MIGA has been active in Zambia and I'm here to underscore our continued support for projects that help growth and development."

MIGA is currently supporting a manufacturing project in Lusaka that reconditions used parts and components from heavy-duty earth-moving machinery, primarily in the mining sector. MIGA has also supported agribusiness projects, including Yalelo fishery on Lake Kariba. Since the agency's inception MIGA has provided $164 million in guarantees to support investments into Zambia.

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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

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