Investment Insurance and Development Impact : Evaluating MIGA's Experience
The document is an assessment of the impacts of a large sample of the Multilateral Investment Guarantee Agency (MIGA) assisted investments, reflecting to various degrees, the actual impacts in the twenty seven countries it operated. However, these...
| Main Authors: | , |
|---|---|
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1047375/investment-insurance-development-impact-evaluating-migas-experience http://hdl.handle.net/10986/13844 |
| Summary: | The document is an assessment of the
impacts of a large sample of the Multilateral Investment
Guarantee Agency (MIGA) assisted investments, reflecting to
various degrees, the actual impacts in the twenty seven
countries it operated. However, these differences should not
mask the reality that, relative to the investment-specific
anticipated impacts, these investments generally met, or
exceeded the original anticipated impacts. For regardless of
some difficulties, and failures, the broad positive impact
of these projects is evident. The present analysis both
encompasses, and extends the analysis of 1998, and,
represents a comprehensive evaluation of the development
impacts of foreign direct investments, ever undertaken by an
investment insurer, offering a research that explores the
nexus between private investment, and development across
multiple dimensions, and time. A description of MIGA's
development mandate is offered, as described in the
Agency's Convention and Operational Regulations, and a
brief overview of MIGA's growth since inception is
provided, highlighting the increasing regional, and sectoral
diversification of its portfolio. A comparison of
anticipated, vs. actual benefits for some quantitative
indicators is provided, as well as an analysis of impacts
within a multidimensional framework. Two case studies are
presented, and the lessons learned lay the foundation for
future work. |
|---|