Miga covers Cote d'Ivoire project's political risk

Washington - The World Bank's insurance arm, the Multilateral Investment Guarantee Agency (Miga), has provided $16.4m in political risk cover to a project in Cote d'Ivoire. The deal, which marks the first time Miga has worked in the country, involves insuring Touton of France's equity investments and shareholder loans against the risks of expropriation, war and civil disturbance. Touton is looking to acquire and rehabilitate three cocoa plantations and build a factory to clean and bag cocoa leaves.