Wednesday, 19 April 2017

The World Bank Group’s Multilateral Investment Guarantee Agency insures three major companies in Afghanistan

The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has so far insured three major companies in Afghanistan in an bid to promote foreign direct investment in the country. Collectively worth USD 154 million, these companies are insured against losses incurred in a change in political systems and trade problems. “World Bank has insured 3 companies through MIGA, but there is little awareness about this service. More awareness needs to be made in order to provide better investment climate in Afghanistan,” said a representative of the Afghanistan Chamber of Commerce of Industries (ACCI).