MIGA underwrites pharma plant in Afghanistan
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank has underwritten the establishment of a pharmaceutical manufacturing plant in Afghanistan, that will initially produce 300 to 400 million generic antibiotic and analgesic tablets a year.
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank has underwritten the establishment of a pharmaceutical manufacturing plant in Afghanistan, that will initially produce 300 to 400 million generic antibiotic and analgesic tablets a year.
It has issued guarantees worth US$429,840 to Business Humanitarian Forum Association of Geneva, Switzerland, covering its stake in Baz International Pharmaceutical Company (BIPC). The three-year coverage will protect the investment against transfer restriction, expropriation, war and civil disturbance.
Baz wants to build a pharmaceutical plant in the Puli-E Charqui industrial area, near Kabul. The project would 'improve the availability, quality, and access to essential medicines in Afghanistan', said a MIGA note.