MIGA Archives


It’s not enough to build towers. The last mile has to be complemented by the middle mile and the first mile (though that seems a strained metaphor for international cables). The Multilateral Investment Guarantee Agency had backed the $105.74 million loan from the Bank of China (Hong Kong) to the Myanmar Fiber Optic Communication Network, MIGA said in a statement on January 25. The guarantee provides coverage for up to five years against such risks as currency inconvertibility and transfer restrictions, expropriation, and war and civil disturbance, MIGA said.