MIGA is prepared to stand guarantor for up to $8 billion of loans taken by state-owned infrastructure builders and local government bodies. In an interview, Junaid Kamal Ahmad, vice-president, operations at the bank’s Multilateral Investment Guarantee Agency (MIGA) said the agency’s focus on underwriting loans aligns with India’s infrastructure development strategy at the national and sub-national levels. As a start, the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) last