MIGA = multilateral investment guarantee agency

Posted: July 14, 2010 in INO
  1. it came into force in april 1988.
  2. it works as the insurance wing of the world bank.
  3. objectives of MIGA is to protect investments against losses resulting from non-commercial banks.
  4. investment protected include case/equity contributions, loans & certain forms of non-equity direct investments .
  5. investments are covered for 15 years or, in exceptional cases, for 20 years.
  6. no minimum investment is required to be eligible for insurance.
  7. MIGA acts in association with national investment insurance agencies & private insurers to co-insure/re-insure eligible investments.
  8. the president of world bank also acts as the chairman of the board of directors & president of MIGA.

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