Recent News

The World Bank’s MIGA Backs EcoPlanet Bamboo

30th January 2013

The World Bank Group’s political risk insurance arm, Multilateral Investment Guarantee Agency (MIGA), backs EcoPlanet Bamboo’s Nicaraguan bamboo plantations.

Through our partnership, MIGA guarantees $27 million of equity investment in Nicaragua by EcoPlanet Bamboo for a period of up to 15 years against the risks of expropriation and war and civil disturbance.

MIGA's Executive Vice President Izumi Kobayashi states, "This project will help improve the overall sector productivity and promote the sustainable development of new export products.”

MIGA’s backing gives EcoPlanet Bamboo the ability and confidence to increase our investment in Nicaragua, and continue to contribute toward our mutual goals of eradicating poverty, promoting sustainable development and mitigating climate change.

For the full MIGA press release visit www.miga.org.

<  Back to news <  Download article