Question

Which of the following bodies promotes foreign direct investment (FDI) to developing countries to help support economic growth, reduce poverty and improve people's lives by providing political risk insurance (guarantees) to the private sector?

a.

WTO

b.

World bank

c.

MIGA

d.

UNCTAD

Posted under IC85 Reinsurance Management

Answer: (c).MIGA Explanation:The Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, promotes foreign direct investment (FDI) into developing countries. MIGA provides political risk insurance (guarantees) to the private sector to address concerns about investment environments and perceptions of political risk. The objective of MIGA is to support economic growth, reduce poverty, and improve people's lives by facilitating foreign direct investment in developing countries.

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