ADB, MIGA expand development finance in APAC

Region:

Asia-Pacific

The Asian Development Bank and the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, have agreed to work together to increase the flow of private sector investment into emerging economies in Asia and the Pacific.

The two institutions signed a Cooperation Agreement that envisages greater use of their respective financial products in joint projects.

The agreement further calls for greater coordination on all stages of a project, from consultations and marketing, to underwriting and implementation.

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