Project implementation during the third phase will be managed directly from the field through the regional facility. Activities include investment project preparation and national and regional capacity building. In March 1997 the Board of Directors of MIGA approved the establishment of a special Investment Guarantee Trust Fund, sponsored exclusively by the European Union and administered by MIGA to facilitate the flow of foreign investments into Bosnia and Herzegovina. MIGA will issue guarantees on behalf of, and pay compensation from, the trust fund. New investments, including contributions associated with the expansion, modernization, or financial restructuring of existing projects, and acquisitions that involve the privatization of state enterprises are eligible.
Investors pay premiums into the fund.
In March 1997 the Board of Directors of MIGA approved the establishment of a special Investment Guarantee Trust Fund, sponsored exclusively by the European Union and administered by MIGA to facilitate the flow of foreign investments into Bosnia and Herzegovina. MIGA will issue guarantees on behalf of, and pay compensation from, the trust fund. New investments, including contributions associated with the expansion, modernization, or financial restructuring of existing projects, and acquisitions that involve the privatization of state enterprises are eligible. Investors pay premiums into the fund. Developed in late 1995, the program is designed to ensure that Bosnia's reconstruction priorities are addressed consistently by all donors, that reconstruction activities are mutually reinforcing, that scarce donor resources are used efficiently, and that gaps and overlaps are avoided.