The Multilateral Investment Guarantee Agency (MIGA) is the political risk insurance arm of the World Bank Group.
Established in 1988 to help developing countries attract and retain private investment, it furnishes private enterprises investing in developing countries with non-commercial risk insurance and provides developing country members with technical assistance regarding investment promotion. MIGA guarantees protected investors against loss resulting from expropriation, breach of contract, war and civil disturbance including insurrection, coups d'état, revolution, sabotage and terrorism. In addition to offering insurance to private companies, MIGA mobilizes additional guarantees for investors and assists host governments with legal services and strategic advice regarding investment.
By September 2008, MIGA had issued 922 guarantees for over 96 developing countries cumulatively worth over $19.5 billion since 1990.
This page was last modified on August 5, 2009