News Column

MIGA Vice President Visits Ethiopia

July 7, 2014

WASHINGTON, July 7 -- The Multilateral Investment Guarantee Agency, a member of the World Bank Group, issued the following news release:

Michel Wormser, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency (MIGA)--the political risk insurance and credit enhancement arm of the World Bank Group--will visit Ethiopia from July 8-11. Wormser's visit underscores MIGA's continued support to the country's development goals through private sector investment.

The aim of Wormser's visit is to identify areas where MIGA can help the country mobilize capital for important projects--including those in the infrastructure, energy, agribusiness, and manufacturing sectors --and other job-creating enterprises that can help the country meet its development objectives. Wormser will meet with government ministries and private sector entities.

MIGA has supported private sector investment into Ethiopia in agribusiness and manufacturing. "The purpose of my trip is to underscore our willingness to continue to support foreign direct investment in Ethiopia and identify priority areas where MIGA's support can be the most helpful in advancing the country's development agenda," said Wormser.

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Source: Targeted News Service

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