bdnews24.com :The head of the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), Keiko Honda, will arrive in Dhaka on Sunday and stay on until Apr 30.MIGA is the political risk insurance and credit enhancement arm of the Washington-based global lender.Keiko Honda will be meeting government representatives, and those of state-owned enterprises and banks “to identify areas where MIGA can help the country mobilize capital for important power and infrastructure projects to meet its development goals”.MIGA in a media release said since its 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.Its current gross exposure in Bangladesh is $330 million. “While Bangladesh’s recent economic growth is certainly a positive trend, it brings higher demand for power and better infrastructure,” Honda was quoted as saying in the media release.She said MIGA can play “a continued, important role in catalyzing investments” in Bangladesh.
