2003 FDI Greenfield and Reinvestment - By Size

1. 2003 FDI Greenfield and Reinvestment - By Size

2. 2003 FDI Greenfield and Reinvestment - By Sector

3. 2003 FDI Greenfield and Reinvestment - By Country

4. Thank you for the invitation to address the conference today. I am very pleased to have the opportunity to be with you because this conference provides an opportunity to discuss both broader issues that may determine the sustainability of natural resource development and specific investment possibilities, in particular regions/countries. Before I begin my remarks this afternoon, I would like to say a few words about the World Bank Group. The International Bank for Reconstruction and Development, as well as the International Monetary Fund were created in 1944 at the Bretton Woods conference. Today, the World Bank is owned by 178 governments and has as its three principle missions the reduction of poverty, promotion of sustainable development, the enhancement of private sector development. The Bank operates as a true financial institution. We raise funds on the international money markets and lend to various governments. The Bank has a triple A credit rating and is profitable. The Bank Group consists of several distinct entities, each with a specific role. The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) lend to governments for various infrastructure, health, education, structural adjustment, and other loans. IDA loans carry nominal interest rates and are for the world’s poorest countries. In some cases, the Bank provides guarantees to mitigate risks associated with government commitments, including contractual obligations to a project. Its private sector arm, IFC, supplies direct debt and equity financing for mining projects and advisory services on project finance and privatization. Its involvement is often the key to reducing risk for foreign investors and lenders bringing difficult deals to market. MIGA provides insurance, with programs offering advisory services and guarantees of private investments against political risk.Thank you for the invitation to address the conference today. I am very pleased to have the opportunity to be with you because this conference provides an opportunity to discuss both broader issues that may determine the sustainability of natural resource development and specific investment possibilities, in particular regions/countries. Before I begin my remarks this afternoon, I would like to say a few words about the World Bank Group. The International Bank for Reconstruction and Development, as well as the International Monetary Fund were created in 1944 at the Bretton Woods conference. Today, the World Bank is owned by 178 governments and has as its three principle missions the reduction of poverty, promotion of sustainable development, the enhancement of private sector development. The Bank operates as a true financial institution. We raise funds on the international money markets and lend to various governments. The Bank has a triple A credit rating and is profitable. The Bank Group consists of several distinct entities, each with a specific role. The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) lend to governments for various infrastructure, health, education, structural adjustment, and other loans. IDA loans carry nominal interest rates and are for the world’s poorest countries. In some cases, the Bank provides guarantees to mitigate risks associated with government commitments, including contractual obligations to a project. Its private sector arm, IFC, supplies direct debt and equity financing for mining projects and advisory services on project finance and privatization. Its involvement is often the key to reducing risk for foreign investors and lenders bringing difficult deals to market. MIGA provides insurance, with programs offering advisory services and guarantees of private investments against political risk.

5. MIGAGuarantees Program

6. MIGA’S GUARANTEE PROGRAM Types of Coverage Currency transfer restriction and inconvertibility Expropriation War and civil disturbance Breach of contract From any of MIGA’s 163 member countries into any developing member country.

7. MIGA’S GUARANTEE PROGRAMTerms and Conditions Eligibility - New investments, including some equity (min. 3 years) Investment types : Equity Shareholder loans Loan guaranties Non-shareholder loans Non-Equity Direct Investment Tenors - Coverage up to 15 years (on occasion 20 yrs) Amounts - Up to $200 million directly (greater amounts possible through coinsurance and syndication) Coverage - Equity covered up to 90% & Debt up to 95%

8. INVESTMENT MARKETING SERVICES (IMS) Equipping Host Countries to Attract FDI Capacity Building Developing and enhancing skills, knowledge, and tools available to investment promotion intermediaries through training in cutting edge marketing and management techniques Information Dissemination Disseminating information on investment opportunities, business operating conditions, and potential business partners in emerging markets worldwide Investment FacilitationPromoting foreign investment by bringing together foreign investors, host governments, and project sponsors.

9. Information Products and Services (IPS) FDI Xchange Formerly, the MIGA dbase was entirely managed in-house. Our content specialists cataloged new content from a wide variety of sources – World Bank, other MDAs, government Web sites and research institutions. With FDI Xchange we see the decentralization of content management – allowing content partners to manage their own resources in our database. Moreover, we offer them the ability to “push” their content to the desktops of investors.Formerly, the MIGA dbase was entirely managed in-house. Our content specialists cataloged new content from a wide variety of sources – World Bank, other MDAs, government Web sites and research institutions. With FDI Xchange we see the decentralization of content management – allowing content partners to manage their own resources in our database. Moreover, we offer them the ability to “push” their content to the desktops of investors.