Washington, DC, Zagreb, February 27, 2014 – 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—arrived today for a two-day visit to Croatia. The aim of her first trip to the country as head of MIGA is to identify areas where the Agency can assist in supporting Croatia’s growth goals. During her visit, Honda will meet with government ministries, the Central Bank, and MIGA clients.
“Croatia is an important country for MIGA,” said Honda. “We have insured a number of projects that strengthen the country’s banking sector and foster private sector-led growth. The purpose of my visit is to demonstrate our continued support.”
The World Bank Group strategy aims to help the authorities in addressing key challenges for economic recovery and maximizing the benefits of European Union (EU) membership. MIGA’s role within the Group is to provide guarantees that encourage continued private sector investment.
MIGA was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance and credit enhancement to investors and lenders.