But MICA and private investor commitments and actions are necessary to move beyond mere rhetoric and to translate the DDRA strategies into real action on the ground.
MIGA SHOULD CAPITALIZE ON ITS TECHNICAL AND FINANCIAL CAPACITY TO ESTABLISH AND IMPLEMENT A DDRA
85) However, the agency cannot convincingly claim that inadequate resources and time hinder its ability to establish and implement DDRA strategies.
92) Consequently staff will be motivated to implement DDRA strategies.
Unless MIGA creates and implements such programs, its DDRA strategies will not be translated into reality.
In implementing the proposed DDRA strategies, the agency needs to collaborate and coordinate with its affiliates, including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Further, ICSID (not MIGA) is the affiliate of the Bank that is mandated to perform a dispute resolution role Finance Corporation (IFC), and the International Center for the Settlement of Investment Disputes (ICSID).
However, an expanded coverage without DDRA strategies is not enough to encourage such investments and will also not help MIGA to achieve its overarching goal of promoting positive developmental impacts on poor African water consumers.
There are no short cuts to MIGA implementing the aforementioned proposed DDRA strategies to achieve positive developmental impacts in its member nations.
To overcome such barriers, companies seeking MIGA guarantees must implement DDRA strategies and capitalize on the agency's resources, materials, and close relationship with host governments.
Investors implementing sound DDRA strategies may encourage enforcement authorities to grant them some favorable treatment if corruption is discovered.
147) Similarly, the threat of MIGA's public exposure of corrupt companies should also motivate its guarantee holders to implement DDRA strategies.
MIGA's efforts in encouraging private investors to adopt DDRA strategies and participate in water supply investments will be facilitated by the fact that investors have already planted the seed of the fight against corruption in their respective companies.