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Multilateral Investment Guarantee Agency |
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Multilateral Investment Guarantee Agency (MIGA), specialized agency of the United Nations. Formed in 1988, with headquarters in Washington, D.C., it is a member of the World Bank Group (see International Bank for Reconstruction and Development International Bank for Reconstruction and Development (IBRD), specialized agency of the United Nations, with headquarters at Washington, D.C.; also called the World Bank. ..... Click the link for more information. ) and membership in the MIGA is open to all World Bank members. The agency, which has 154 member nations, encourages foreign investment in developing countries by providing political-risk insurance, protecting investors against losses resulting from such noncommercial risks as transfer restriction, expropriation, breach of contract, and war and civil disturbance. In addition, the agency provides information on investment opportunities and technical assistance to investors and member states; it also mediates investment disputes and administers claims. As of 2001, MIGA had issued more than 500 guarantees, providing more than $7.7 billion in coverage, and facilitating nearly $39 billion in investment. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| According to the Multilateral Investment Guarantee Agency (MIGA), a foreign-investment insurance agency run by the World Bank, political risk concerns helped cut the flow of investments in the developing world by 23% to US$135 billion in 2003, compared with just two years earlier. Finally, look for insurance arrangements for equity investments provided by agencies like the Multilateral Investment Guarantee Agency (MIGA-World Bank) or sponsor government agencies (the OPIC in the United States). Notably, Fitch's assessment of the likelihood of default is 'B-'; however, the rating on the notes also acknowledges the recovery prospects derived from the partial credit guarantee of the Multilateral Investment Guarantee Agency (MIGA). |
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