Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is part of the World Bank Group .
The MlGA is the youngest member of the World Bank group . It was decided to establish it in October 1985 , and in April 1988 it reached the minimum number required for the establishment. Its primary goal is to encourage foreign direct investment in developing countries by offering guarantees against non-commercial risks such as transfer restrictions , breach of contract , war , civil unrest and expropriation . She also advises the governments of developing countries on the formulation of programs to encourage foreign investment . MIGA tries to supplement national investment guarantee agreements or capital protection agreements as well as private insurance against political risks with its range of instruments .
MIGA also offers services in the fields of technical assistance and investment advice . These aim to support investment promotion activities, disseminate relevant information on the Internet ( IPAnet ) and strengthen the relevant capacities in the relevant developing countries .
In fiscal year 2003 , 59 guarantee contracts with a total volume of US $ 1.4 billion were concluded, with which an estimated investment volume of US $ 5.2 billion was possible in 28 countries, of which about a fifth in the poorest countries.
Germany is a founding member and has a capital share of around US $ 1 billion with around 3.8% (voting rights 4.47%).
Web links
- http://www.miga.org
- Literature on Multilateral Investment Guarantee Agency in the catalog of the German National Library
- Archive search: On May 31, 2005, the newspaper Die Welt referred to the organization as a Multilateral Investment Guarantee Agency.
- Austria: The Federal Ministry of Finance describes the Multilateral Investment Guarantee Agency (MIGA)