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Malagasy Community Network Services S.A. - GasyNet

Sector: Government • Location: Madagascar

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Active

Project Description On April 26, 2013, MIGA issued a guarantee of $2.9 million to SGS S.A. of Switzerland covering its loan guarantee to BNI-Madagascar for its loan to Malagasy Community Network Services S.A. - Gasynet in Madagascar. The coverage is for a period of up to 12 months against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract. The proj

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The project “Malagasy Community Network Services S.A. - GasyNet” is an infrastructure initiative in the Government sector, located in Madagascar. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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active

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Description

Description

Project Description On April 26, 2013, MIGA issued a guarantee of $2.9 million to SGS S.A. of Switzerland covering its loan guarantee to BNI-Madagascar for its loan to Malagasy Community Network Services S.A. - Gasynet in Madagascar. The coverage is for a period of up to 12 months against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract. The project involves the provision of import and export good verification and the deployment of TradeNet software application to the government of Madagascar. The MIGA coverage is for an existing project approved by MIGA's Board of Directors in October 2007. MIGA's continued support for the project will help to improve port governance and transparency of the country's trade transactions. The project is also consistent with MIGA's strategic priority of supporting investments into countries eligible for concessional financing from the International Development Association.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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