BRAC Afghanistan Bank (MIGA-6938)

  • Afghanistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
ShoreCap International Ltd
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 30, 2019

Disclosed by Bank Oct 16, 2018

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Project Description

According to the bank website, "The investors have applied for a MIGA guarantee of up to $225,000 (90 percent of additional equity of $250,000) for a period of up to ten years against the risks of transfer restriction, expropriation, and war and civil disturbance. ShoreCap invested $1 million into BAB in 2006 which was also covered by aMIGA guaranteeagainst the same risks.

SCI along with three foreign sponsors, including theInternational Finance Corporation (IFC), a World Bank Group member, will invest additional capital into BRAC Afghanistan Bank. The additional funds are required to meet the Afghanistan Bank's $5 million minimum bank capital requirement; to fund infrastructure investments in additional branches, automated teller machines and point of sale devices; and toleverage a small business loan portfolio which is expected to grow to almost $50 million by the end of 2008."

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
  • ShoreCap International Ltd -- Implementing Company
Contact Information

No contact information provided at the time of disclosure.


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