Multilateral Investment Guarantee Agency – MIGA
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group and was established in 1988 to promote foreign direct investment in developing countries by providing political risk insurance and credit enhancement services to investors and lenders. MIGA’s mission is to support economic growth and poverty reduction in its member countries by encouraging and promoting cross-border investment.
MIGA provides a range of services designed to reduce the political risks associated with foreign investment, such as currency transfer restrictions, expropriation, war and civil disturbance, and breach of contract. By insuring against these risks, MIGA helps to create a more stable and predictable investment environment, and makes it easier for investors to invest in developing countries.
MIGA’s services include political risk insurance, which provides coverage against the risks listed above, as well as investment facilitation services, which help to support investment by providing information and advice to potential investors. MIGA also provides credit enhancement services, which help to improve the creditworthiness of projects and increase access to financing, and offers technical assistance and capacity-building services to its member countries.
MIGA’s members include 169 countries from around the world, and the organization operates on a self-sustaining basis, with its income generated from its insurance and guarantee operations. MIGA’s services are available to investors and lenders from both the private and public sectors, and the organization works closely with other international organizations and stakeholders to promote investment and support economic growth and development in its member countries.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of The Kootneeti Team