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 176 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 ?
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.
TUNIS (TAP) - Michel Wormser, Vice-President and Chief Operating Officer of the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, is paying a two-day visit to Tunisia starting Thursday.
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.
The Multilateral Investment Guarantee Agency was founded 25 years ago to promote foreign direct investment into emerging markets by protecting private investors from various forms of political risk, such as war and sovereign default.
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.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, is continuing to support Kenya's energy sector by providing investment guarantees for the construction of a 83-megawatt heavy fuel oil plant.
A significant part of this increase in the PRI numbers can also be attributed to the growing relationship ICIEC is building with the Multilateral Investment Guarantee Agency of the World Bank, which views ICIEC as a strategic reinsurance partner in its member countries.
WASHINGTON, November 5, 2012 (WAFA)-- Izumi Kobayashi, executive vice president of the Multilateral Investment Guarantee Agency (MIGA) -- the political risk insurance arm of the World Bank Group -- will visit the West Bank and Gaza in early November to discuss opportunities for private sector investment, a MIGA press release said Monday.
IBRD is part of the World Bank Group, which also comprises the International Finance Corporation, the International Development Association, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes.
Abdulrahman Al-Tayyeb Ali Taha met here today with the Executive Chairman of Multilateral Investment Guarantee Agency "MIGA" Izumi Kobayashi.
Safadi's comments came during a news conference to mark the signing of a memorandum of understanding between international political risk insurance company Multilateral Investment Guarantee Agency and the Lebanese financial company, Kafalat.

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