Keiko Honda, executive vice president and CEO of the Multilateral Investment Guarantee Agency (MIGA), will visit Myanmar during October 22-24.
The visit underscores MIGA's inclination to helping its newest member achieve its growth potential, the political risk insurance and credit enhancement arm of the World Bank Group said.
It is the first time the head of MIGA has visited the country.
Honda will be meeting with government officials, members of parliament, and the private sector to emphasize that MIGA is ready to assist Myanmar in meeting its urgent need for electricity, other infrastructure, and a thriving finance sector. She will also use the opportunity to express support for creating more opportunities for women.
“Myanmar is a country at a crossroads and we are eager to support investments that help the country succeed in its transformation,” says Honda.
“Investments that create jobs – especially for women – and provide critical infrastructure will help Myanmar realize the benefits of this historic change.”
Honda noted that the government is promoting an ambitious economic reform agenda to drive stronger growth, but challenges remain.
“MIGA will work with its World Bank Group partners and others to encourage more foreign direct investment to support economic expansion and contribute to these plans.”
Myanmar became MIGA’s 180th member in December of last year.