MIGA provide guarantee to Korea-Myanmar Industrial Complex

The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, on October 26 issued guarantees to Korea Land & Housing Corporation of the Republic of Korea (LH) covering its equity investment of up to US$5.7 million in the Korea-Myanmar Industrial Complex Development Co., Ltd (KDC) for a period of up to 15 […]

Myingyan: Plugging Myanmar’s Power Gap

Sponsors of the $300 million 225MW gas-fired Myingyan IPP project in Myanmar have signed on a $250 million non-recourse DFI-backed loan. The deal is the unrated country’s debut in the internationally banked long-term project finance market and its first non-recourse financing in the power sector. The project was awarded under a 22-year BOT concession to […]

World Bank signals $2b injection

The World Bank plans to invest US$2 billion on projects called ‘multi-year programs’ that to improve access to energy and health care for poor people and support other key development priorities, World Bank president Jim Yong Kim announced on January 26 during his visit to Yangon. “Our $2b multi-year program will support the government’s plans […]

Benefits on offer to all investors in Myanmar

Insurance against political risks from World Bank unit Myanmar’s membership in the Multilateral Investment Guarantee Agency will be of great benefit to local businesspeople as well as foreign investors working in the country, according to its officials. MIGA, an arm of the World Bank Group offering political-risk insurance and credit enhancement, announced late last month […]