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Part V The International Law of Foreign Investment, XXXVI Multilateral Investment Guarantee Agency

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 20 May 2024

Investment — International organizations, practice and procedure
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, was established to encourage foreign investment in developing member countries by providing insurance for foreign investments against non-commercial risks.1 According to the MIGA Convention of 19852 (amended in 2010), the objective is ‘to encourage the flow of investments for productive purposes among member countries, and in particular to developing member countries […]’ (Article 2). Under Article 11(a) of the MIGA Convention covered standard risks relate to currency transfer,...
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