News
05 June 2018
IFC finances Afghan raisin processing plant, MIGA in talks over insurance
In:
Agriculture/food chain
Region:
Asia-Pacific
The International Finance Corporation and Multilateral Investment Guarantee Agency are set to provide $3 million in financing and $7.8 million in political risk insurance coverage for a new raisin processing plant in Afghanistan to help boost the country's agribusiness sector.
The IFC-MIGA package will help the Rikweda Fruit Process Company develop a state-of-the-art raisin processing plant in Istalif. IFC is providing $3 million in financing to support the project. MIGA is currently in discussions with the investors, aiming to execute the political risk insurance contract shortly.
