Article source
Bloomberg
Article date
Tue, Sep 10, 2013
Political risk insurance provided by a World Bank Group agency in developing nations rose for a third straight year to a record, led by guarantees on power projects from Angola to Bangladesh.
The Multilateral Investment Guarantee Agency in Washington issued $2.78 billion in coverage in the 12 months ended June 30, compared with $2.66 billion a year earlier, according to financial results e-mailed to Bloomberg News. That includes $511.8 million for a hydro project in Angola that has funding arranged by HSBC Holdings Plc. (HSBA)