Miga insures plant in Bosnia

The Multilateral Investment Guarantee Agency (Miga), part of the World Bank group, provided a US$23.3m guarantee for a Coca-Cola plant in Bosnia. The five year guarantee which covers the plant against currency transfer restrictions, expropriation, war and civil disturbances as issued in conjunction with the EU Investment Guarantee Trust Fund for Bosnia. Coca-Cola of the Netherlands is the first multinational to invest in the country since the war ended in 1995. The EU Investment Guarantee Trust Fund for Bosnia was established in 1997 as a EU-Miga partnership. Coca-Cola purchased the plant last year and has spent $21mn on upgrading it.