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 DevelopmentInternational Bank for Reconstruction and Development (IBRD)
(IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated development institutions (also including the International Center for Settlement of
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) and membership in the MIGA is open to all World Bank members. The agency, which has 181 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. MIGA specializes in facilitating investments in high-risk, low-income countries and supports projects that are socially, economically, and environmentally sustainable. In 2005 MIGA launched its Small Investment Program, which encourages the growth of small and medium-sized enterprises by offering investors in these enterprises a standardized package of risk coverage. As of 2009, MIGA had issued more than 900 guarantees, providing more than $17.4 billion in coverage for projects in 96 developing countries.
References in periodicals archive ?
1987 -- His Highness the Amir Sheikh Jaber Al-Ahmad Al-Sabah issued a decree approving Kuwait's joining of the agreement for establishing the Multilateral Investment Guarantee Agency. 1991 -- His Highness the Amir Sheikh Jaber Al-Ahmad Al-Sabah delivered a speech on the occasion of launching the war to liberate the State of Kuwait from occupation forces of the late Iraqi ruler, Saddam Hussein.
WASHINGTON, Nov.18(Saba)- Yemen and the World Bank (WB) discussed on Tuesday opportunities to raise the foreign investment level in Yemen via the Multilateral Investment Guarantee Agency (MIGA) activities .
IFC) and the Multilateral Investment Guarantee Agency (MIGA).
The Multilateral Investment Guarantee Agency (Miga), a member of the World Bank Group, offers political risk insurance in all countries eligible for World Bank assistance.
Consultations were held between Salman, Vice President of the Multilateral Investment Guarantee Agency (MIGA) Kyoko Honda, International Finance Corporation (IFC) Regional Director Hartwig Schafer and an accompanying delegation, with the presence of a number of officials from the Investment Ministry and the General Authority for Investment.
MEMBER of Multilateral Investment Guarantee Agency (MIGA)
At the meeting the Government of Kazakhstan, International Bank for Reconstruction and Development, International Financial Corporation and Multilateral Investment Guarantee Agency signed a Framework Agreement on partnership on strengthening cooperation to contribute to steady development of Kazakhstan.
May 1, 2014 (JUBA) - South Sudan and the World Bank's Multilateral Investment Guarantee Agency (MIGA) have signed important legal agreements that will facilitate the agency's ability to insure foreign direct investment in the country.
"In all the years of its independence Kazakhstan has cooperated with the World Bank, which has become a very important partner," President Nursultan Nazarbayev said at the meeting with World Bank's Vice President Laura Tak, Executive Vice President of the Multilateral Investment Guarantee Agency Keiko Honda and Vice-president of the International Finance Corporation Karin Finkelston.
The Dubai Economic Council, in strategic partnership with Hawkamah and in collaboration with Dubai Judicial Institute, the International Financial Corporation, Multilateral Investment Guarantee Agency, the World Bank Group, and Insol International, is organising the Third Regional Judicial Colloquium in the Mena Insolvency and Restructuring today and tomorrow at the Dubai International Financial Centre.
In a move to bolster foreign direct investment in Afghanistan, the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, has initiated a cashmere scouring and disinfection facility in Herat.
KABUL (PAN): The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, is insuring a cashmere scouring and disinfection facility in western Herat province to bolster foreign direct investment into Afghanistan, the bank said on Tuesday.

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