Multilateral Investment Guarantee Agency

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Multilateral Investment Guarantee Agency (MIGA)

Agency established by the World Bank that offers various forms of political risk insurance to corporations.

Multilateral Investment Guarantee Agency

An agency of the World Bank that seeks to promote foreign direct investment in developing countries. It does this primarily by selling political risk insurance to corporations that wish to expand into the developing world. It also provides advisory services to governments in these countries on how best to attract investment. It was established in 1988 and is based in Washington, DC.
References in periodicals archive ?
The MIGA is looking to support projects in Egypt geared to both domestic and export markets.
Neither ICSID nor MIGA determine investment treatment or provide substantive rights to investors, they work as an enforcement mechanism and an insurance provider respectively.
He said Pakistan considered World Bank group as its longtime economic partner and cooperation between the two would further grow with this visit by CEO, MIGA.
En aout 2011, alors que le pays traversait une periode critique, la MIGA a emis des garanties en faveur du TANIT, ce ferry representant l'un des principaux moyens de transport entre la Tunisie et l'Europe.
En aout 2011, la MIGA a emis des garanties en faveur du TANIT, le ferry qui represente l'un des principaux moyens de transport entre la Tunisie et l'Europe
Now more than ever, MIGA can guarantee investments against political risk in order to encourage return of these investments to the Middle East.
After a substantial decline in foreign direct investment flows as a result of the global financial crisis, we began to see renewed interest from investors particularly in infrastructure and extractive industry projects," said MIGA executive vice president Izumi Kobayashi.
The minister added that Lebanon has been a MIGA member since 1994.
Under the MoU, MIGA and DIFC will explore opportunities for co-branding of existing political risk insurance products, joint business development efforts, and development of a mutual referral process.
DIFC's partnership with MIGA will contribute significantly to enhancing the growth potential of the bond and Sukuk markets in the region.
Contracts between MIGA and investors need to: (1) allow for the national government and the affected community to have input in creating social responsibility standards; and (2) make the standards threshold contractual conditions.