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MIGA |
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According to the Multilateral Investment Guarantee Agency (MIGA), a foreign-investment insurance agency run by the World Bank, political risk concerns helped cut the flow of investments in the developing world by 23% to US$135 billion in 2003, compared with just two years earlier. Finally, look for insurance arrangements for equity investments provided by agencies like the Multilateral Investment Guarantee Agency (MIGA-World Bank) or sponsor government agencies (the OPIC in the United States). Notably, Fitch's assessment of the likelihood of default is 'B-'; however, the rating on the notes also acknowledges the recovery prospects derived from the partial credit guarantee of the Multilateral Investment Guarantee Agency (MIGA). |
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