Keiko Honda, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) – the political risk insurance and credit enhancement arm of the World Bank Group – is scheduled to arrive in Dhaka today on a four-day visit to Bangladesh.
During her visit, Honda will meet with government representatives, state-owned enterprises, and banks to identify areas where MIGA can help the country mobilise capital for important power and infrastructure projects to meet its development goals, said a World Bank press release yesterday. 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 guarantee 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 $330mn. “While Bangladesh’s recent economic growth is certainly a positive trend, it brings higher demand for power and better infrastructure,” said Honda.
