MIGA—Multilateral Investment Guarantee AgencyCreated in 1988 MIGA aims to encourage foreign direct investment by providing guarantees, known as political risk insurance, to foreign investors against loss caused by non-commercial risks in developing countries. MIGA, which is part of the World Bank Group, also provides technical assistance such as capacity building and advisory services to help countries attract foreign investment. In addition MIGA provides dispute mediation services to reduce future obstacles to investment. Since its creation MIGA has issued nearly $14.7 billion in guarantees for projects in 91 countries. 42 per cent of its activity is concentrated within areas considered to be high-risk and low-income, many of which are in Africa. MIGA's current vice president is Yukiko Omura. read more background... Items 1 to 10 of 83All you need to know: World Bank-IMF spring meetings 2013The 2013 spring meetings of the World Bank and IMF will take place from 18 to 20 April in Washington, DC. You will be able find links below to analysis of the communiqués as well as notes of some of the civil society and official meetings, as they become available. read article... Six in a row: another Japanese national appointed to head MIGAWorld Bank president Jim Yong Kim announced the appointment of Keiko Honda as executive vice president of the Multilateral Investment Guarantee Agency in late March, the sixth Japanese national in a row to hold the post. read article... The UK's role in the World Bank and IMF Department for International Development and HM TreasuryThis page outlines the structure of the UK government's interaction with the World Bank and the IMF. It provides contact information for the appropriate staff at the Department for International Development and HM Treasury who deal with the Bretton Woods institutions read article... World Bank-IMF annual meetings 2012Analysis, news, and about the events inside and around the World Bank/IMF annual meetings 2012. This page is being updated regularly. read article... Water privatisation management issuesThis session featured a discussion on the implications of current water policy reforms that have increasingly privatised and commodified water. read article... Calls for halt of World Bank's climate initiativesNGOs have called on governments to pivot away from funding the Bank-housed Climate Investment Funds (CIFs). Concerns have also been raised about private sector delivery of climate finance and that the Bank's efforts to push carbon markets are undermining genuine reforms in the forest sector. read article... Access for the poor? World Bank's infrastructure approach under increased scrutinyAs the G20 and the World Bank continue their push for increased investment in large-scale public-private led infrastructure projects, further scrutiny of the Bank's track record puts its strategy in question. read article... World Bank-IMF spring meetings 2012Analysis of the 2012 World Bank and IMF spring meetings and related events, including the selection of new World Bank president Jim Yong Kim. read article... Appointment of the World Bank president Open letter to all governors of the World BankA letter to all World Bank governors calling for reforms to the selection process for a new World Bank president signed by over 50 civil society groups read article... New World Bank infrastructure strategy Paving over development?A World Bank infrastructure strategy update, developed because of a G20 push for more infrastructure investment, reaffirms the Bank's commitment to large-scale projects and scaled up private finance through public-private partnerships (PPPs, see Update 77), despite questions about bloated costs and development impact. read article... |
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