Multilateral Investment Guarantee Agency (MIGA) | IAS Target IAS Target

Multilateral Investment Guarantee Agency (MIGA)

The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution and is a member of the World Bank Group. It offers political risk insurance and credit enhancement guarantees. These guarantees help investors shield foreign direct investments against political and non-commercial risks in developing countries.
MIGA is an investment insurance facility and encourages confident investment in developing countries. MIGA is 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 ensures 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.

Established 1988
Membership 181 countries
Headquartered Washington, D.C. in the United States
Parent organization World Bank Group

Purpose

  • Political risk insurance
  • Foreign direct investment

Governance

Council of Governors MIGA is governed by its Council of Governors which represents its member countries. The Council of Governors holds corporate authority, but primarily assigns such powers to MIGA's Board of Directors.
Board of Directors The Board of Directors consists of 25 directors and votes on matters brought before MIGA. Each director's vote is weighted according to the total share capital of the member nations that director represents. MIGA's board is meets regularly and oversees the agency's activities.
Executive Vice President The agency's Executive Vice President directs its overall strategy and manages its daily operations.