Coprotec Sistemi d.o.o. Orasje

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MIGA has issued a guarantee of $1.11 million to Coprotec Systeme GmbH of Germany for a shareholder loan to its wholly owned subsidiary, Coprotec Sistemi d.o.o. Orasje. The guarantee covers the risk of transfer restriction, expropriation, and war and civil disturbance for a period of up to eight years. Coprotec Sistemi d.o.o. Orasje will establish a greenfield manufacturing facility in the Posavina Canton area of northern Bosnia and Herzegovina. The factory will manufacture high-grade processed steel components for export to the automobile industry (parts and vehicle manufacturers) in Germany. MIGA's support for this investment is aligned with the World Bank Group's country assistance strategy in Bosnia and Herzegovina, particularly with regard to supporting the development of a competitive private sector. Moreover, the transfer of high-tech manufacturing and quality control processes and precision equipment to the project company is expected to yield positive benefits for local staff. MIGA's participation in the project is aligned with key agency priorities, including encouraging investment in conflict-affected and IDA-eligible (the world's poorest) countries. The project was underwritten through MIGA's Small Investment Program.

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