Author : Tefera Nigussie
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Book Synopsis Guaranteeing Investment Through MEGA Membership by : Tefera Nigussie
Download or read book Guaranteeing Investment Through MEGA Membership written by Tefera Nigussie and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Multilateral Investment Guarantee Agency is an international institution that promotes investment in developing countries by offering political and economic risk insurance. The agency was created to complement both public and private investment insurance sources against non-commercial risks in developing countries. MIGA's guarantees protect investments against noncommercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. MIGA have the objectives of offering insurance for investors and lenders, helping governments attract foreign direct investment, connecting investors to investment opportunities, structuring Transactions for Emerging Market Risk, providing dispute resolution services to all of its clients and protecting People and the Environment. To meet these objectives MIGA provides the non- commercial or political risk insurance. The noncommercial or political risk insurance cover currency inconvertibility and transfer restriction insurance, expropriation insurance, war, terrorism and Civil disturbance insurance, breach of contract insurance and non-honoring of financial obligations. MIGA put a certain criteria for investors and investments and countries to be eligible for protection. So that, investors, countries and investment of investors should fulfill the eligibility criteria to get protections provided by MIGA. The premium rates which should be contributed by the needy for MIGA protection are decided on a per-project basis and vary by country, sector, transaction and the type of risk insured. MIGA provides coverage for a minimum of one year and a maximum of up to 15 years but the amount of coverage will vary based the total amount of project and the premium paid off. Therefore, our country Ethiopia and its investor should strengthen the relationship; create a link and cooperation with MIGA to reap the benefits to be gained from MIGA as A member country. Additionally, Investors should also create a link with MIGA to reap the benefits gained from MIGA and reduce the risk of loss investment property by Non Commercial or political reasons such as currency inconvertibility and transfer restriction insurance, expropriation insurance, war, terrorism and Civil disturbance insurance, breach of contract insurance and non-honoring of financial obligations.