WB head for MIGA due in capital

Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) will arrive in the capital on Saturday night on a four-day visit.

Keiko Honda, the head of the political risk insurance and credit enhancement arm of the World Bank Group, will meet with government representatives, state-owned enterprises and banks during the visit, reports BSS.

During the meeting, Keiko will identify areas where MIGA can help the country mobilise capital for important power and infrastructure projects to meet its development goals.

Since MIGA's inception, the agency has insured projects in Bangladesh in several sectors, including power, manufacturing, telecommunications, and banking.

Most recently, the agency issued guaranteed in support of the Ashuganj South power plant, which is adding clean generation capacity to the nation's grid through an indigenous fuel source.

MIGA's current gross exposure in Bangladesh is $330m.