MIGA offer $1bn guarantees for cross-border investments in MENA

The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) issued $26.4m in guarantees in support of cross-border investment into Egypt in the last fiscal year, which ended on 30 June 2014. It has subsequently issued an additional $23.4m in guarantees.

MIGA has worked with Egyptian companies in the telecommunications, power, and services sectors insuring their outbound investments to different regions (mostly other countries in the Middle East and North Africa, Asia, and sub-Saharan Africa).

MIGA CEO Keiko Honda said that the agency seeks the approval from the Ministry of International Cooperation before it supports an investor going into Egypt.

What is the total value of MIGA guarantees that were issued to Egypt’s private sector during the last year?

MIGA issued $26.4m in guarantees in support of cross-border investment into Egypt in our last fiscal year, which ended on 30 June 2014. Since then, we have issued an additional $23.4m in guarantees.

What are the main institutions that MIGA deals with in Egypt?