Multilateral Investment Guarantee Agency information
International financial institution
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Multilateral Investment Guarantee Agency
MIGA logo
Formation
12 April 1988
Type
Development finance institution
Legal status
Treaty
Purpose
Political risk insurance, foreign direct investment
Headquarters
12th floor, 1800 G Street NW, Washington, D.C., U.S.[1]
Membership
182 countries
Executive Vice President
Hiroshi Matano
Parent organization
World Bank Group
Website
MIGA.org
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries.[2] MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries.[3] MIGA is owned and governed by its member states, but has its own executive leadership and staff which carry out its daily operations. Its shareholders are member governments that provide paid-in capital and have the right to vote on its matters. It insures long-term debt and equity investments as well as other assets and contracts with long-term periods. The agency is assessed by the World Bank's Independent Evaluation Group each year.
^"Contact". miga.org.
^Multilateral Investment Guarantee Agency. "Overview". World Bank Group. Archived from the original on 21 June 2012. Retrieved 25 June 2012.
^Multilateral Investment Guarantee Agency. "History". World Bank Group. Archived from the original on 23 May 2012. Retrieved 25 June 2012.
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