I'm in a unique position in MIGA, responsible for fielding initial investor inquiries about MIGA’s political risk guarantees. Over the last few years I have noticed a jump among investors considering MIGA cover in several countries. One of those countries is Sierra Leone.
One joy of working within the World Bank Group is the access to great lectures from brilliant and creative thinkers on issues of relevance to the global economy and international development. Today, I had the opportunity to listen to Robert Skidelsky, acclaimed author of a three-volume biography of John Maynard Keynes, and, most recently, of Keynes: Return of the Master. He provided an interesting picture of how Keynes – one of the primary forces behind the creation of the Wor
I recently returned from a visit to seven countries throughout Asia. Although I had visited some of them before, this was my first visit representing MIGA. During my trip, I recognized the value and potential of MIGA’s focus on south/south investment to investors in this region. Of course providing guarantees to support inward investment to Asia is very important to MIGA, especially guarantees for complex infrastructure projects. MIGA can add a lot of value to these types of projects – particularly when it comes to helping manage the environmental and social aspects of projects.
However, even through this global economic crisis, many private sector companies in Asian middle income countries have become “investors” in other parts of the world. Investments from Asia reach many of the poorest and post-conflict countries. At the same time, risk-mitigation instruments such as political risk insurance are not well known. We see a role for MIGA in sharing experience and working with Asian export credit agencies and Eximbanks to bring Asian investors the risk mitigation tools they need to help continue expanding their investments.