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Multilateral Investment Guarantee Agency: A Critical Appreciation Of Its Guarantee Service, S M. Solaiman
Faculty of Law, Humanities and the Arts - Papers
Foreign Direct Investment (FDI) in developing countries alarmingly decreased during the first half of the 1980s. Gross FDI declined during this period from $13 billion to $9 billion in 1986.1 However, there are strong indications that viable investment opportunities exist in those countries but investors tend to avoid these opportunities because of concern about risks which are primarily non-commercial and political in nature. In such a situation Multilateral Investment Guarantee Agency (MIGA), fifth affiliate to the World Bank Group, has been established as the first international guarantor of FDI. It is an autonomous international organisation with 'full judicial personality ...