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World Bank to get involved in backing Transgaz, Transelectrica investment programmes

The World Bank will get involved in backing the investment programmes of Romanian natural gas transporter Transgaz and electric power transporter Transelectrica, by a credit-risk insurance instrument, the Public Finances Ministry said in a release.The two Romanian power companies could be supported by the World Group Bank's Multilateral Investment Guarantee Agency (MIGA), by that insurance instrument covering the risk of failure to pay ...

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