Multilateral Investment Guarantee Agency (MIGA) and Standards of Foreign Investment

Foreign investment plays an essential role in economic development of every country, specially in developing and less developed countries. However non-commercial risks, such as currency transfer, expropriation and similar measures, breach of contract, war and civil disturbances are important factors which impede foreign investments. The Multilateral Investment Guarantee Agency as a member of World Bank Group was established in 1988. MIGA can plays an important role in the encouragement of foreign investment complementing national and regional investment guarantee programs and private insurers of non-commercial risks.