GOVERNORS AND ALTERNATES - World Bank Group · PDF fileGOVERNORS AND ALTERNATES (cont.) As of June 30, ... Libya Alojeli Abdel Salam Breeni Ali Ramadan Shnebsh ... Pieter Stek Tamara

84 MULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP

GOVERNORS AND ALTERNATES (cont.)

As of June 30, 2002

Member Governor Alternate

Finland Sauli Niinisto Kaarina RautalaFrance Francis Mer Jean-Pierre JouyetGambia, The Famara L. Jatta Dodou B. JagneGeorgia Mirian Gogiashvili Giorgi GachechiladzeGermany Heidemarie Wieczorek-Zeul Caio K. Koch-WeserGhana Yaw Osafo-Maafo Grace ColemanGreece Nikolaos Christodoulakis Vasilis RapanosGrenada Anthony Boatswain Swinburne LestradeGuatemala Juan Jose Serra Eduardo Humberto Weymann FuentesGuinea Cheick Ahmadou Camara Cellou Dalein DialloGuyana Bharrat Jagdeo Saisnarine KowlessarHaiti Faubert Gustave Venel JosephHonduras Arturo Alvarado Maria Elena Mondragon de VillarHungary Jozsef Thuma Laszlo LengyelIceland Halldor Asgrimsson Geir Hilmar HaardeIndia Yashwant Sinha Chander Mohan VasudevIndonesia Boediono Syahril SabirinIreland Charlie McCreevy Tom ConsidineIsrael David Klein Nir GiladItaly Antonio Fazio Lorenzo Bini SmaghiJamaica Omar Lloyd Davies Wesley George HughesJapan Masajuro Shiokawa Shotaro OshimaJordan Bassem I. Awadallah Hala Bsaiso LattoufKazakhstan Alexander Sergeyevich Pavlov Mazhit T. YessenbayevKenya Christopher Mogere Obure Mwaghazi W. MwachofiKorea, Republic of Yun-Churl Jeon Seung ParkKuwait Yousef Hamad Al-Ebraheem Saleh Mubarak Al-FalahKyrgyz Republic Temirbek Akmataliev Kubat Abduldaevich KanimetovLao People's Democratic Republic Soukanh Mahalath Phouphet KhamphounvongLatvia Roberts Zile Aigars KalvitisLebanon Basil R. Fuleihan Fuad A.B. SinioraLesotho Mohlabi Kenneth Tsekoa T.J. RamotsoariLibya Alojeli Abdel Salam Breeni Ali Ramadan ShnebshLithuania Dalia Grybauskaite Arvydas KregzdeLuxembourg Luc Frieden Jean GuillMacedonia, fmr Yugoslav Rep. of Nikola Gruevski Vanco KargovMadagascar Pierrot J. Rajaonarivelo Simon Constant HoraceMalawi Friday Jumbe Zaki ChaliraMalaysia Mahathir Mohamad Samsudin HitamMali Ousmane Issoufi Maiga Mahamadou Zibo MaigaMalta John Dalli Joseph SciclunaMauritania Bodiel Ould Houmeid Sidi Mohamed Ould BakhaMauritius Khushhal Chand Khushiram Philippe Ong SengMicronesia, Federated States of John Ehsa Sebastian L. AnefalMoldova Stefan Odagiu Dumitru UrsuMongolia Chultem Ulaan Ochirbat ChuluunbatMorocco Fathallah Oualalou Ahmed LahlimiMozambique Luisa Dias Diogo Adriano Afonso MaleianeNamibia Andrew Ndishishi Paul Walter HartmannNepal Ram Sharan Mahat Bimal P. KoiralaNetherlands Gerrit Zalm Eveline HerfkensNicaragua Eduardo Montealegre Rivas Mario Alonso IcabalcetaNigeria Adamu Ciroma Thelma Amata IremirenNorway Hilde Frafjord Johnson Olav KjorvenOman Ahmed Macki Mohammed bin Nasser Al-KhasibiPakistan Muhammad Yunis Khan Waqar Masood KhanPalau Casmir Remengesau Lawrence Alan Goddard

MULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP 85

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GOVERNORS AND ALTERNATES (cont.)

As of June 30, 2002

Member Governor Alternate

Panama Norberto Delgado Duran Domingo LatorracaPapua New Guinea Mekere Morauta Koiari TarataParaguay James Spalding Jose Ernesto Buttner LimprichPeru Pedro Pablo Kuczynski Richard WebbPhilippines Jose Isidro N. Camacho Manuel A. Roxas IIPoland Piotr Tworos Agnieszka B. Rudniak-JancewiczPortugal Manuela Ferreira Leite Miguel FrasquilhoQatar Yousef Hussain Kamal Abdullah Bin Khalid Al-AttiyahRomania Mihai Nicolae Tanasescu Emil Iota GhizariRussian Federation Viktor Khristenko German O. GrefSt. Kitts and Nevis Denzil Douglas Wendell Everton LawrenceSt. Lucia Kenny D. Anthony Bernard La CorbiniereSt. Vincent and the Grenadines Ralph E. Gonsalves Christian MartinSamoa Misa Telefoni Retzlaff Hinauri PetanaSaudi Arabia Ibrahim A. Al-Assaf Hamad Al-SayariSenegal Abdoulaye Diop Cheikh Hadjibou SoumareSeychelles Jeremie Bonnelame Francis Chang LengSierra Leone Peter J. Kuyembeh Samura KamaraSingapore Lee Hsien Loong Heng Swee KeatSlovak Republic Ivan Miklos Marian JuskoSlovenia Anton Rop Irena SodinSouth Africa Trevor Andrew Manuel Mandisi Bongani MpahlwaSpain Rodrigo de Rato Figaredo Juan Costa ClimentSri Lanka Kairshasp Nariman Choksy Charitha RatwatteSudan Abdul Rahim Hamdi Sabir Mohamed HassanSwaziland Meshack M.L. Shongwe Ephraim Mandla HlopheSweden Bosse Ringholm Jan O. KarlssonSwitzerland Oscar Knapp Walter HoferSyrian Arab Republic (vacant) (vacant)Tanzania Abdallah Omar Kigoda Peter J. NgumbulluThailand Somkid Jatusripitak Somchainuk EngtrakulTogo Simfeitcheou Pre Kossi AssimaidouTrinidad and Tobago Conrad Enill Leroy MayersTunisia Fethi Merdassi Abdelhamid TrikiTurkey Faik Oztrak Aydin KaraozTurkmenistan Ymamdurdy Gandymov (vacant)Uganda Gerald M. Ssendaula C. M. KassamiUkraine Vasyl Rohovyi Alexander ShlapakUnited Arab Emirates Mohammed Khalfan Bin Khirbash Jamal Nasser LootahUnited Kingdom Clare Short Gordon BrownUnited States Paul H. O'Neill Alan P. LarsonUruguay Alberto Bension Ariel DavrieuxUzbekistan Makhmudjon A. Askarov Saidakbar AbdurakhimovVanuatu Sela Molisa Andrew KausiamaVenezuela, Republica Bolivariana de Gustavo Marquez Marin Felipe PerezVietnam Le Duc Thuy Duong Thu HuongYemen, Republic of Ahmed Mohamed Sofan Anwar Rizq Al-HaraziYugoslavia, Federal Republic of Miroljub Labus (vacant)Zambia Boniface Nonde Likolo NdalameiZimbabwe Simba Herbert Stanley Makoni Charles Tawonerera Kuwaza


ELECTED BY THE VOTES OF THE SIX LARGEST SHAREHOLDERS

Carole Brookins Robert B. Holland, III United States 30,633 16.62

Yuzo Harada Atsushi Inoue Japan 9,156 4.97

Eckhard Deutscher Eckhardt Biskup Germany 9,113 4.94

Tom Scholar Rosemary B. Stevenson United Kingdom 8,742 4.74

Pierre Duquesne Emmanuel Moulin France 6,889 3.74

Zhu Guangyao Chen Huan a China 5,707 3.10

ELECTED BY THE VOTES OF OTHER SHAREHOLDERS

Philippe M. Peeters Emin Dedeoglu Austria, Belarus, Belgium, Czech Republic, 10,329 5.60(Belgium) (Turkey) Hungary, Kazakhstan, Luxembourg,

Slovak Republic, Slovenia, Turkey

Pieter Stek Tamara Solyanyk Armenia, Bosnia and Herzegovina, 10,134 5.50(Netherlands) (Ukraine) Bulgaria, Croatia, Cyprus, Georgia,

Israel, Macedonia (former Yugoslav Republic of), Moldova, Netherlands, Romania, Ukraine

Terrie O’Leary Sharon Weber The Bahamas, Barbados, Belize, Canada, Dominica, 8,974 4.87(Canada) (Jamaica) Grenada, Guyana, Ireland, Jamaica, St. Kitts and Nevis,

St. Lucia, St. Vincent and the Grenadines

Girmai Abraham Richard H. Kaijuka Angola, Botswana, Burundi, Eritrea, The Gambia, Kenya, 8,950 4.86(Eritrea) (Uganda) Lesotho, Malawi, Mozambique, Namibia, Nigeria,

Seychelles, Sierra Leone, South Africa, Sudan, Swaziland,Tanzania, Uganda, Zambia, Zimbabwe

Finn Jønck Inkeri Hirvensalo Denmark, Estonia, Finland, Iceland, 7,332 3.98(Denmark) (Finland) Latvia, Lithuania, Norway, Sweden

Franco Passacantando Helena Cordeiro Albania, Greece, Italy, Malta, Portugal 7,211 3.91(Italy) (Portugal)

Jaime Ruiz Luis Antonio Balduino Brazil, Colombia, Dominican Republic, Ecuador, Haiti, 6,159 3.34(Colombia) (Brazil) Panama, Philippines, Trinidad and Tobago

Neil F. Hyden Dong-Soo Chin Australia, Cambodia, Korea (Republic of), (Australia) (Rep. of Korea) Micronesia (Federated States of), Mongolia, Palau, 5,850 3.17

Papua New Guinea, Samoa, Vanuatu

Vacant b Eugene Miagkov Russian Federation 5,705 3.10(Russian Federation) (Russian Federation)

Yahya Abdulla M. Alyahya Abdulrahman M. Saudi Arabia 5,705 3.10(Saudi Arabia) Almofadhi

(Saudi Arabia)

Moises Pineda Jose H. Machillanda Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, 5,590 3.03(Mexico) (Rep. Bol. de Venezuela)Spain, Venezuela (Republica Bolivariana de)

Mahdy Esmail Aljazzaf Mohamed Kamel Amr Bahrain, Egypt (Arab Republic of), Jordan, Kuwait, Lebanon, (Kuwait) (Arab Republic of Egypt) Libya, Oman, Qatar, United Arab Emirates, 5,445 2.95

Yemen (Republic of)

DIRECTORS AND ALTERNATES: VOTING POWERAs of June 30, 2002

Total % of

Director Alternate Casting votes of votes total


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Abdul Aziz Mohd. Yaacob Nguyen Doan Hung Fiji, Indonesia, Lao People’s Democratic Republic, 4,903 2.66(Malaysia) (Vietnam) Malaysia, Nepal, Singapore, Vietnam

Pietro Veglio Jerzy Hylewski Azerbaijan, Kyrgyz Republic, Poland, Switzerland, (Switzerland) (Poland) Turkmenistan, Uzbekistan 4,902 2.66

Bassary Toure Paulo F. Gomes Benin, Burkina Faso, Cameroon, Cape Verde, 4,510 2.45(Mali) (Guinea-Bissau) Central African Republic, Congo (Democratic Republic of),

Congo (Republic of), Côte d’Ivoire, Equatorial Guinea, Guinea, Madagascar, Mali, Mauritania, Mauritius,Senegal, Togo

Balmiki Prasad Singh c Akbar Ali Khan Bangladesh, India, Sri Lanka 4,293 2.33(India) (Bangladesh)

Ahmed Sadoudi Inaamul Haque d Algeria, Ghana, Morocco, Pakistan, Tunisia 4,206 2.28(Algeria) (Pakistan)

Mario Soto-Platero Roberto Garcia-Lopez Argentina, Bolivia, Chile, Paraguay, Peru, Uruguay 3,865 2.10(Uruguay) (Argentina)

In addition to the directors and alternates shown in the foregoing list, the following also served after June 30, 2001:

Director End of period of service Alternate director End of period of service

Khalid M. Al-Saad October 31, 2002 Anna M. Brandt July 31, 2001(Kuwait) (Sweden)

Andrei Bugrov March 31, 2002 Lewis D. Holden July 6, 2001(Russian Federation) (New Zealand)

Matthias Meyer March 31, 2002 Mahbub Kabir September 21, 2001(Switzerland) (Bangladesh)

Jean-Claude Milleron August 1, 2001(France)

Stephen Pickford December 16, 2001(United Kingdom)

Jan Piercy August 19, 2001(United States)

Helmut Schaffer June 15, 2002(Germany)

Note: Ethiopia (247 votes) did not participate in the 2000 Regular Election of Directors. Chad (237 votes), Syrian Arab Republic (345 votes), Thailand(598 votes) and the Federal Republic of Yugoslavia (408 votes) became members after that election.

a To be succeeded by Wu Jinkang (China) effective July 15, 2002.b To be succeeded by Alexey G. Kvasov (Russian Federation) effective July 1, 2002.c To be succeeded by C. M. Vasudev (India) effective August 1, 2002.d To be succeeded by Tanwir Ali Agha (Pakistan) effective July 1, 2002.

DIRECTORS AND ALTERNATES: VOTING POWER (cont.)

As of June 30, 2002

Total % of

Director Alternate Casting votes of votes total


Afghanistan* Albania Algeria Angola Antigua and Barbuda *Argentina Armenia Australia Austria Azerbaijan Bahamas, The Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bolivia Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile China Colombia Congo, Democratic

Republic of Congo, Republic of Costa Rica Côte d'Ivoire Croatia Cyprus Czech Republic Denmark Dominica

Dominican Republic Ecuador Egypt, Arab Republic of El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Fiji Finland France Gabon *Gambia, The Georgia Germany Ghana Greece Grenada Guatemala Guinea Guinea-Bissau * Guyana Haiti Honduras Hungary Iceland India Indonesia Iran, Islamic Republic of * Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Korea, Republic of Kuwait Kyrgyz Republic Lao People's Democratic

Republic Latvia Lebanon

Lesotho Liberia *Libya Lithuania Luxembourg Macedonia, FYR of Madagascar Malawi Malaysia Maldives *Mali Malta Mauritania Mauritius Micronesia, Fed. States of Moldova Mongolia Morocco Mozambique Namibia Nepal Netherlands Nicaragua Niger *Nigeria Norway Oman Pakistan Palau Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Qatar Romania Russian Federation Rwanda **St. Kitts and Nevis St. Lucia St. Vincent and

the Grenadines

Samoa Saudi Arabia Senegal Seychelles Sierra Leone Singapore Slovak Republic Slovenia Solomon Islands *South Africa Spain Sri Lanka Sudan Suriname *Swaziland Sweden Switzerland Syrian Arab Republic Tajikistan **Tanzania Thailand Togo Trinidad and Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, R.B. de Vietnam Yemen, Republic of Yugoslavia, Fed. Rep. of Zambia Zimbabwe

SIGNATORIES TO MIGA CONVENTIONAs of June 30, 2002

Note: All member countries unless otherwise noted.* Non-member country** Country that has ratified the Convention but not yet completed membership requirements.


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BUDGET FY03 Expressed in thousands of US dollars

INCOMENet premium and commitment fees earned 44,930Investment income 27,800

Total income 72,730

EXPENDITURE BY ORGANIZATIONAL UNITExecutive Office 2,270 Office of Central Administration 3,330 Corporate Relations 1,400 Finance and Risk Management 2,788 Underwriting 6,844 Investment Marketing Services 4,185 Legal and Claims 2,690 Policy and Environment 1,341 Operations Evaluation Unit 689 Field Offices 1,959

Total MIGA Budget 27,496

EXPENDITURE BY CATEGORYDiscretionary costs

Staff costs 10,580Operational travel 1,934 Representation 164 Consultant fees 1,106 Contractual services 751 IFC services 57 Training 153 Marketing and publications 463 Communications and IT 450 Information Technology 938 Office Equipment and Furniture 74 Depreciation 36 Miscellaneous 274

Subtotal 16,980

OTHER DIRECT COSTSStaff benefits 5,797Office occupancy 1,566 IBRD service and support fee 2,341 Overhead 223

Subtotal 9,927

REIMBURSABLES (12)General Contingency 600

TOTAL MIGA BUDGET 27,496

Note: The fiscal 2003 budget was approved by the Board of Directors in accordance with MIGA's bylaws.


SUBSCRIPTIONS TO THE GENERAL CAPITAL INCREASEAs of June 30, 2002

Shares Subscribed Amount US$

Category One Australia 1,306 14,130,920(21 countries) Austria 591 6,394,620

Belgium 1,547 16,738,540Canada 2,260 24,453,200Denmark 547 5,918,540Finland 457 4,944,740France 1,852 20,038,640Germany 3,865 41,819,300Greece 213 2,304,660Ireland 281 3,040,420Italy 2,150 23,263,000Japan 3,884 42,024,880Luxembourg 88 952,160Netherlands 1,653 17,885,460Norway 533 5,767,060Portugal 291 3,148,620Spain 980 10,603,600Sweden 800 8,656,000Switzerland 1,143 12,367,260United Kingdom 3,705 40,088,100United States 9,937 107,518,340

38,083 412,058,060

Category Two Algeria 495 5,355,900(46 countries) Bahamas, The 76 822,320

Bahrain 59 638,380Barbados 52 562,640Belize 38 411,160Brazil 1,067 11,544,940Bulgaria 278 3,007,960China 2,392 25,881,440Colombia 333 3,603,060Croatia 143 1,547,260Cyprus 79 854,780Czech Republic 339 3,667,980Egypt, Arab Republic of 350 3,787,000Honduras 77 833,140Hungary 430 4,652,600Indonesia 800 8,656,000Israel 361 3,906,020Jordan 74 800,680Kazakhstan 159 1,720,380Kenya 131 1,417,420Korea, Republic of 342 3,700,440Latvia 74 800,680Lebanon 108 1,168,560Lithuania 81 876,420Macedonia, FYR of 38 411,160Malaysia 441 4,771,620Malta 57 616,740Mauritius 66 714,120Morocco 265 2,867,300Nepal 53 573,460Nigeria 643 6,957,260Oman 72 779,040Pakistan 503 5,442,460Panama 50 541,000Peru 284 3,072,880Romania 423 4,576,860Russian Federation 2,391 25,870,620St. Lucia 38 411,160St. Vincent and the Grenadines 38 411,160Saudi Arabia 2,391 25,870,620Slovak Republic 169 1,828,580Slovenia 78 843,960South Africa 719 7,779,580Sri Lanka 103 1,114,460Trinidad and Tobago 155 1,677,100Vietnam 168 1,817,760

17,483 189,166,060

Total 55,566 601,224,120(67 countries)

% of Total GCI 70.73%


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FACULTATIVE REINSURANCE PARTNERS, REINSURANCE PROVIDED to MIGA

Investment Insurer Country

ACE Global Markets, Lloyd's Syndicate 2488 United Kingdom

Alleghany Consortium, Lloyd's Syndicate 376 United Kingdom

C.N.R. Atkin Esq., and Others, Lloyd's Syndicate 1183 United Kingdom

Compagnie Française d’Assurance pour le Commerce Extérieur (COFACE) France

Cox Insurance Holding PLC., Lloyd's Syndicate 2591 United Kingdom

Export Credits Guarantee Department (ECGD) United Kingdom

Export Development Corporation (EDC) Canada

Finnvera Plc Finland

Garanti-Institute for Eksportkreditt (GIEK) Norway

Global Re, B.V., captive insurer of Philips Electronics N.V. Netherlands

Great Northern Insurance Company (Chubb & Sons) United States

Israel Foreign Trade Risks Insurance Corporation (IFTRIC)* Israel

Münchener Rückverischerungs-Gesellschaft Germany

National Union First Insurance Co. of Pittsburgh (AIG) United States

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) Netherlands

Österreichische Kontrollbank A.G. (OeKB) Austria

S.J.Catlin, Esq., and Others, Lloyd's Syndicates 1003 and 2003 United Kingdom

Sovereign Risk Insurance Ltd. Bermuda

Steadfast Insurance Company (Zurich) United States

The Goshawk War and Political Risks Consortium, Lloyd's Syndicate 9132 United Kingdom

XL London Market Ltd., Lloyd's Syndicate 1209 United Kingdom

* New Partners in FY02

FACULTATIVE REINSURANCE PARTNERS, REINSURANCE PROVIDED by MIGA


Compañía Española de Seguros de Crédito a la Exportación (CESCE) Spain

Export Development Corporation (EDC) Canada

Ministry of International Trade and Investment (MITI) Japan

Nordia Insurance Company (Pan Financial, Inc.) United States

Österreichische Kontrollbank A.G. (OeKB) Austria

Overseas Private Investment Corporation (OPIC) United States

Slovene Export Corporation (SEC)* Slovenia



COOPERATIVE UNDERWRITING PROGRAM PARTICIPANTS*


ACE Global Markets, Lloyd's Syndicate 2488 United Kingdom

A.D. Hicks, Esq. And M.H.Wheeler, Esq. And Others, Lloyd's Syndicate 1007 United Kingdom

A.F.Beazley, Esq. And Others, Lloyd's Syndicate 623 United Kingdom

AXIS Specialty Limited* Bermuda

Compagnie Tunisienne pour l'Assurance du Commerce Extérieur (COTUNACE)* Tunisia

Cox Insurance Holdings PLC., Lloyd's Syndicate 2591 United Kingdom

General Security Insurance Company (Unistrat) United States

Great Northern Insurance Company (Chubb & Son) United States

Gulf Insurance Company U.K. Limited (Citicorp/Travellers) United Kingdom/United States

H.H. Hayward, Esq., and Others, Lloyd's Syndicate 1084 United Kingdom

Hiscox Syndicates Limited, Lloyd's Syndicate 33 United Kingdom

Kiln 510 Combined, Lloyd's Syndicate 510 United Kingdom

Liberty Syndicate Management, Lloyd's Syndicate 282* United Kingdom

M.D. Reith and Others, Syndicate 1414 at Lloyd's (Ascot)* United Kingdom

S.J.Catlin, Esq., and Others, Lloyd's Syndicates 1003 and 2003 United Kingdom

Steadfast Insurance Company (Zurich) United States

The Goshawk War and Political Risks Consortium, Lloyd's Syndicate 9132 United Kingdom

XL London Market Ltd., Lloyd's Syndicate 1209 United Kingdom



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ABB Kraft ASABN AMRO BankAegean Free Zone, L.L.C.AES Corporation *Afriproduce Ltd.Agro-Industrial Investment and

Development, S.A. Alain Tagini *Alimenta, S.p.A.American Cyanamid Co.Anglo American Corp. of South AfricaAnmercosa Mining (West Africa) Ltd.Anglogold LtdAnglovaal Mining Ltd.Atlantic Commerical Finance, B.V.Avon Cycles Ltd.Azertel Telekominikasyon Ve Dis Ticaret A.S.Balkcem Ltd.Banco Santander Central Hispano S.A.Banff Resources Ltd.Bank Austria Creditanstalt Leasing GmbHBank Hapoalim B.M. Bank Kreiss A.G.Bank of America, N.A.Banque Belgolaise, S.A. Banque de Commerce et de

Placements S.A.Banque Européenne pour l’Amérique Latine

(BEAL) S.A.Banque Indosuez Banque Sudameris *BNP ParibasBarge Energy, L.L.C.Barlows Tractor International Ltd. Barrick Gold Corp.BCH International Puerto Rico, Inc.Beekay Engineering & Castings Ltd.Bell Atlantic Investments, Inc.Bergenshalvoens Kommunale Kraftselskap AS *BHP Copper, Inc.Boeing Capital Corp.BWF Unternehmensbeteiligungen GmbHCadbury Schweppes plcCapital Indonesia Power I C.V.C.A.S., S.p.A.Catalina Lighting, Inc.CCB Management Services Chase Manhattan BankChina Capital Development Corp.Chiyoda Corp. Citigroup Inc.Coastal Corp. Coca-Cola Co.Cogen Technologies Inc.Comercio Internacional, Consultoria e Servicos, S.A.*Commercial Bank of Greece, S.A. Companhia Brasileira de Projetos e ObrasCompania Espanola de Financiacion del Desarrollo *Conservation Tourism Ltd.Cooperatieve Centrale Raiffeisen-Boerenleenbank

B.A. (Rabobank Nederland)Construtora Norberto Odebrecht S.A.Construcciones y Auxiliar de Ferrocarriles, S.A. *Crédit Lyonnais, S.A.Cyprus Climax Metals Co.Desco A.B.Deutsche Bank AGDimetronic S.A. *

Dole Food Company Inc.Dresdner Bank AGDrummond Co., Inc.Dunriding Company, N.V.ECI Telecom Ltd.EAC/Turkey International Enterprise Inc.Econet Wireless, Ltd. *Efes International B.V. EGIS Projects S.A.El Paso Energy International Co. Empresas Comegua, S.A.Endesa International, S.A.Energy Investors Fund II, L.P.Enka Holding Yatirim A.S.Enron Corp.EPED Holding Co.ERI Holdings IIEricsson Credit AB *Erste Bank der Österreichischen Sparkassen AGEskom Faisal Finance, S.A.FleetBoston Financial Co.Fintur Holdings B.V.France Cables et Radio Vietnam Pte Ltd.Fraport AG *Freeport McMoran Copper Co.Ge.Por.Tur. sasGreenwood Mills, Inc.Gribal S.A.Guinea Investment Co. Ltd.Habib Bank A.G. Zurich Hamburger Hafen-und Lagerhaus AG Harris Advanced Technology Sdn. Bhd.Holding Savana, S.A. Honeywell, Inc.Hydelec *Hydra-Co Enterprise, Inc.Hydro-Quebec International, Inc.Hypo Alpe-Adria-Bank AGIBA, B.V.Illinova Generating Co.Imperial Group Ltd. Impregilo, S.p.A.Industrial Development Corp. of

South Africa Ltd.ING Bank, N.V. Ingersoll-Rand Co.Interface Asia Pacific, Inc.Interfima, B.V.International Dialysis Centers, B.V. International Energy Partners, L.P.International Paper Co.International Water Services, B.V. International Wireless Communications Pakistan Ltd.*Internationale Nederlanden Bank, N.V.Inversiones en Concesiones Ferroviarias *Investcom Global Ltd. *Italian Technology & Innovations S.r.l.Itochu Corp.Jari PeltokangasJoseph FermonKemira Danmark A/S Keppel FELS Energy Pte. Ltd. *Kimberly-Clark Corp.Kintbury Investments Ltd.Kjaer Group A.S. *Koçbank A.S.

GUARANTEE CLIENTS


Komatsu Ltd.Kreditanstalt für WiederaufbauKvaerner Energy A.S.L’Office National des Télécommunications *Lloyds TSB Bank, Plc Louis Dreyfus Négoce, S.A.Magma Netherlands, B.V.MarioBoselli Yarns S.p.A.Marriott International, Inc. Marubeni Corp. Mediaone International Holdings, Inc.MCC S.p.A. (formerly Mediocredito Centrale S.p.A.) Meeco International Co. Ltd.Mees Pierson N.V.Mercurat Beteiligungs GmbHMersey Docks and Harbour Co.Middenbank Curaçao, N.V.Midland Bank, plcMinorco, S.A.Mitsubishi Corp. Mitsui & Co. Ltd. Motorola, Inc. MSF Holding Ltd.MTN International Ltd. *Natexis BanqueNew Arian Resources Corp.Newmont Gold Co.Nissho Iwai Corp.Noranda Inc.Nordic Power Invest A.B.Österreichische Volksbanken AGOrascom Telecom Holding *Ormat International Inc. Pamukbank T.A.S Parmalat, S.p.A.Philips Electronics, N.V.Portus Indico-Sociedad de Servicos Portuarios, S.A. *Promofin Outremer, S.A.Puerto Seco, S.A.Purolite International Ltd.Radisson Hotels International Inc.Raiffeisen Zentralbank Österreich AG Rand Merchant BankRemetal, S.A.Rio Algom Ltd. Rio Tinto Overseas Holdings Ltd.Rockfort Power Associates Inc.Rover Overseas Holdings Ltd.

S.A. White MartinsSalvintur-Sociedade de InvestimentosTuristicos, S.A.Santander Brazil Risk Insured TrustSchmalbach-Lubeca AG Scudder Latin American Secil-Companhia Geral de Cal e Cimento, S.A.Sena Holdings Ltd. SF-Bau Projektentwicklung GmbHSiemens AGSithe International, Inc.Sociedade de Empreitadas Adriano, S.A.Société de Promotion Financière et

d’Investissement, S.A. Société Générale, S.A. Société Marromeu Ltd.Slovene Export Corporation *Standard Bank London Ltd.Starlight Telecommunications Ltd., L.L.C.Statkraft SFSumitomo Corp.Sungrain SASunnen Products Co.Teck Corp.The Bank of Nova Scotia The Fuji Bank Ltd.Tilda Holdings Ltd. Touton S.A.Tractebel S.A. *Ukrainian Investment Fund Ltd.UMC Equatorial Guinea Corp.Unatrac International Co.-S.A.E.Union Bank of SwitzerlandUnion Carbide Corp.Unión Fenosa Internacional S.A. US WEST International Holdings, Inc.USEC-Precursor, Inc.Vaasan Saippua Oy-Vasa Tval AbVBC Energy Corp.Victory Oil B.V.Volvo Truck Corp.Wärtsilä Development, Inc. Westdeutsche Landesbank Wilken Group Ltd.Wings of Papagayo LLC

GUARANTEE CLIENTS (cont.)

* New Client in FY02


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ABBREVIATIONS

ADA Armenian Development AgencyAGOA African Growth and Opportunities ActASEAN Association of Southeast Asian NationsATI African Trade Insurance AgencyBOI Board of InvestmentsCAO Compliance Advisor/OmbudsmanCEI Center for Exports and Investment (Nicaragua)CODAM Committee on Directors’ Administrative MattersCOFACE Companie Française d’Assurance pour le Commerce Extérieur (France)COMESA Common Market for Eastern and Southern AfricaCOSO Committee of Sponsoring OrganizationsCOTUNACE Compagnie Tunisienne pour l'Assurance du Commerce ExtérieurCPI Investment Promotion Center (Mozambique)CUP Cooperative Underwriting ProgramEBRD European Bank for Reconstruction and DevelopmentEAP Asia and PacificECA Europe and Central AsiaECIO Export Credit Insurance Organization (Greece)EDC Export Development Corporation (Canada)EFIC Export Finance and Insurance Corporation (Australia)EIB European Investment BankEID/MITI Export-Import Insurance Department/Ministry of International Trade and Industry (Japan)EU European UnionFIAS Foreign Investment Advisory ServiceFIPA Foreign Investment Promotion AgencyFDI Foreign Direct InvestmentFYR Former Yugoslav RepublicIBRD International Bank for Reconstruction and DevelopmentICIEC Islamic Corporation for the Insurance of Investment and Export Credit (Saudi Arabia)IDA International Development AssociationIDB Intern-American Development BankIFC International Finance CorporationIFTRIC Israel Foreign Trade Insurance CompanyIPA Investment Promotion AgencyIPQ Investment Promotion QuarterlyKEIC Korea Export Insurance CorporationKISC Korean Investment Services CentreLIL Learning and Innovation LoanMIGA Multilateral Investment Guarantee AgencyMOU Memorandum of UnderstandingOECD Organization for Economic Cooperation and DevelopmentOeKB Östrreichische KontrollbankOEU Operations Evaluation UnitOPIC Overseas Private Investment Corporation (United States)PHRD Policy and Human Resources DevelopmentPICC People’s Insurance Company of ChinaSEC Slovene Export CorporationSIEPA Serbian Investment and Export Promotion AgencySIMEST Società Italiana per le Imprese all’Estero (Italy)SME Small- and Medium-sized EnterprisesTA Technical AssistanceUNCTAD United Nations Conference on Trade and DevelopmentUNDP United Nations Development ProgrammeUNIDO United Nations Industrial Development OrganizationUSAID United States Agency for International DevelopmentWAIPA World Association of Investment Promotion Agencies

Editor Marcus Williams

Editorial Assistant Wyfield Chow

Editorial Consultant Ann Moline

Design and Production Suzanne Pelland

Contributors Maria Lorna AlcantaraLouise DavidsonShamali de SilvaNoureddin EnnaboulssiAngela GentileOlimpia GjinoJanice KanePiotr KaznacheevMonique KoningEsther LaoKeith MartinMaiko MiyakeCecilia SagerStephan Wegner

Reviewers Moina VarkieTony WanGerald T. West

PHOTO CREDITS

p. iv Suzanne Pelland, MIGAp. v Breton Littlehalesp. vi Roger Whitesidep. vii Roger Whitesidep. 2 TIDCORP

Suzanne Pelland, MIGASuzanne Pelland, MIGA

p. 4-5 Keppel FELLS Ltdp. 6-7 Graham, World Bank Photo Libraryp. 8-9 Edwin Huffman, World Bank Photo Libraryp. 10-11 Curt Carnemark, World Bank Photo Libraryp. 14 Tomas Sennett, World Bank Photo Libraryp. 21 Rodrigo Ortiz, MIGAp. 25 Francis Dobbs, World Bank Photo Libraryp. 27 Project consultantp. 30 Curt Carnemark, World Bank Photo Libraryp. 34 Yosef Hadar, World Bank Photo Libraryp. 40 James Pickerell, World Bank Photo Libraryp. 46 Curt Carnemark, World Bank Photo Libraryp. 48 Tomas Sennett, World Bank Photo LibraryCover World Bank Photo LibraryBack World Bank Photo Library

© 2002 Multilateral Investment Guarantee Agency

Manufactured in the United States of America

All rights reserved

Printed on recycled paper with soy-based ink.


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World Bank Group

ISBN 0-8213-5327-6SN 15327

www.miga.org

Documents

GOVERNORS AND ALTERNATES - World Bank Group · PDF fileGOVERNORS AND ALTERNATES (cont.) As of June 30, ... Libya Alojeli Abdel Salam Breeni Ali Ramadan Shnebsh ... Pieter Stek Tamara