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 ?
Although the Washington Convention of 1965, which created ICSID, does not have an article similar to Article 11 of the MIGA Convention, a number of factors have shaped the arbitration center to become a forum more suitable to address claims that state action is unfair to foreign parties as opposed to normal commercial claims.
Ms Honda said that MIGA is keen to meet and engage with private sector also to raise its profile, increase awareness of MIGA products and look for opportunities to facilitate foreign direct investment in Pakistan.
La Tunisie presente selon nous un potentiel considerable, que la MIGA peut aider a exploiter en facilitant les investissements prives dans l'energie, l'infrastructure et le secteur manufacturier ', indique Mme Honda.
Miga Col.labs is a technology group and incubator developing open-source and proprietary solutions.
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
In August 2011, MIGA issued guarantees for the passenger car-ferry TANIT, one of Tunisia's main transportation links with Europe.
"There's great potential for this industry going forward, and we're pleased that MIGA's insurance helped reduce the risk profile of this project so that it can advance." "This project is a solid example of how MIGA's insurance supports foreign direct investment in a fragile context like Afghanistan," said MIGA's Executive Vice President Keiko Honda said: "We have the expertise and mandate to backstop projects like this, and we're pleased to contribute to job creation and industry in this country as it seeks to move beyond conflict."
Economic growth, a growing consumer base, the availability of natural resources, and ongoing improvements in investment climates "will continue to improve the attractiveness of developing countries as investment destinations," Miga said.
Kobayashi's visit underscores MIGA's commitment to supporting sustainable foreign direct investment (FDI) that will generate jobs and opportunities in the Middle East and North Africa, said the press release.
Kobayashi remarked that she would be meeting government officials as well as private sector figures to promote MIGA projects, and most specifically promote a fund to finance projects in Gaza.
OPIC and MIGA coverage typically has longer policy periods than private market policies.
THE MULTILATERAL Investment Guarantee Agency (MIGA) of the World Bank is planning to guarantee a US dollar USD2.1 million investment in Uganda by Italian chocolate producer Icam.