Multilateral Investment Guarantee Agency

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Multilateral Investment
Guarantee Agency

MIGA logo
Formation	12 April 1988
Type	Development finance institution
Legal status	Treaty
Purpose	Political risk insurance, foreign direct investment
Headquarters	12th floor, 1800 G Street NW, Washington, D.C., U.S.[1]
Membership	182 countries
Executive Vice President	Hiroshi Matano
Parent organization	World Bank Group
Website	MIGA.org

The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries.^[2] MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries.^[3] MIGA is owned and 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 insures 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.