World Bank’s political risk arm appoints two

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank, has made two appointments.

Carlo Bongianni will head its infrastructure team leading business development and underwriting. Before joining MIGA, Bongianni held positions at Intesa Sanpaolo Group, National Power, and the European Bank for Reconstruction and Development.

Muhamet Bamba Fall will head its Asia hub. Fall started his career at MIGA in 2004, joining the Agency’s Asia hub in Singapore as senior underwriter in 2012. Previous to MIGA, he worked at the insurance affiliate of the Islamic Development Bank Group as well as in management and development consulting.

“MIGA credit enhancement and political risk insurance is critical to the infrastructure sector as developing countries seek to mobilize capital to address the funding gap,” said Keiko Honda, MIGA’s executive vice-president. “We’re pleased to have Carlo on board to lead our work in this arena.

“We know Muhamet’s expertise and commitment to encouraging sustainable foreign direct investment into developing countries is strong. We look forward to his leadership at MIGA’s Asian hub, which has the important role of supporting both inbound and outbound investments in the region.”