0 Nimrat Asked: September 8, 20212021-09-08T12:29:21+05:30 2021-09-08T12:29:21+05:30 Write note on”Multilateral Investment Guarantee Agency (MIGA).” 0 Write note on”Multilateral Investment Guarantee Agency (MIGA).” 1 Answer Voted Oldest Recent Nimrat 2021-09-08T12:31:38+05:30Added an answer on September 8, 2021 at 12:31 pm Multilateral Investment Guarantee Agency (MIGA): Multilateral investment Guarantee Agency is one of the affiliate of the World Bank which was setup in 1988 to promote foreign direct investment from non-specially to developing countries. MIGA’s purpose is to guarantee eligible investment against losses forenoon -commercial risk. MIGA covers following four types of risks: (i)Transfer risk; (ii)Risk of loss arising form legislative or administrative actions of host government; (iii)Repudiation of contracts by host governments; and (iv)Risk of armed conflict and civil unrest. MIGA guarantees or provides insurances protection to foreign inventors upto 90% of an investment for typically 15-year period. Through its services for this nature, MIGA encourages foreign investors to make long-term commitments in developing countries. MIGA also provides policy and advisory services to the developing counties for creating an attractive investment climate. MIGA is third affiliate of the World Bank. It was set up in 1988. MIGA seeks to promote economic development by encouraging the flow of private FDI to developing countries. MIGA aims to achieve this objective by insuring such investment against loss due to political risks such as expropriation, blocked currency transfers, breach of contract, and war, revolution and insurrection. MIGA insures new investments, including the expansion of existing investments, privatisation, and financial restructuring. MIGA also provides promotional and advisory services to its developing member countries to support their efforts to attract foreign direct investment. These services include organisation of investment promotion conferences, executive development programmes, foreign investment policy round tables, research and specialised advisory assistance to governments, MIGA’s advisory assistance includes significant work on the legal framework for FDI in member states. MIGA has worked with a number of countries as they have liberalised the laws applying to foreign investments. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Answer Anonymously Save my name, email, and website in this browser for the next time I comment.