Original disclosure @ MIGA website
Updated in EWS Apr 29, 2023
Disclosed by Bank Dec 6, 2022
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According to the Bank’s website, MIGA issued for a period of up to 18 years a Non-Honoring of Sovereign Financial Obligations (NHSFO) guarantee totaling c. US$550 million to Standard Chartered Bank of the United Kingdom, Credit Agricole Corporate and Investment Bank of France, and JPMorgan Chase Bank National Association, London Branch of the United States, for their non-shareholder loan to the Government of Senegal (GoS), in support of investments in DP World Dakar SA (DPWD), one of the operators of the port of Dakar's container terminals. The proceeds of the MIGA-backed loan will refinance debt contracted by the GoS to increase its shareholding interest in DPWD.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Crédit Agricole Corporate and Investment Bank S.A.||Client||-|
|-||-||-||-||JPMorgan Chase & Co||Client||-|
|-||-||-||-||Standard Chartered Bank||Client||-|
No contact information provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information
You can also request general information about MIGA and for information on guarantees by emailing: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org