MIGA UNDERWRITES PHARMACEUTICAL PLANT IN AFGHANISTAN
November 1st, 2006
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency (MIGA), of the World Bank, has underwritten the establishment of a pharmaceutical manufacturing plant in Afghanistan, that will initially produce 300 to 400 million generic antibiotic and analgesic tablets a year. It has issued guarantees worth US$429,840 to Business Humanitarian Forum Association of Geneva, Switzerland, covering its stake in Baz International Pharmaceutical Company (BIPC). The three year coverage will protect the investment against transfer restriction, expropriation, war and civil ...
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