7 international investment agencies

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    International InvestmentAgencies

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    OPICOPIC

    The Overseas Private InvestmentCorporation (OPIC) is an agency ofthe US Government established in1971 that helps U.S. businesses investoverseas and promotes economicdevelopment in new and emerging

    markets. OPIC's mission is to "foster economic

    development in new and emergingmarkets, support U.S. foreign policyand create U.S. jobs by helping U.S.businesses to invest overseas." Theagency provides political risk insuranceagainst the risks of political violence orexpropriation. OPIC also providesfinancing through direct loans and loanguaranties.

    http://www.opic.gov/smallbusiness/
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    OPIC operations cost nothing toAmerican taxpayers. The agencyhas earned a profit in each yearof operations $175 million in2002 and built its reserves tomore than $4 billion.

    Currently, OPIC services areavailable for new and expandingbusiness enterprises in morethan 150 countries worldwide.

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    OPICs financing and politicalrisk insurance also help U.S.businesses of all sizes tocompete in emerging

    markets and meet the

    challenges of investingoverseas when private sectorsupport is not available. OPICpromotes U.S. best practices byrequiring

    projects to adhere tointernational standards on theenvironment and worker andhuman rights.

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    MIGA-Its mission is to help support economic growth,reduce poverty, and improve people's lives.

    The Multilateral Investment GuaranteeAgency (MIGA) is a member of the WorldBank group. It was established to promoteFDI into developing countries. MIGA wasfounded in 1988 with a capital base of $1billion and is headquartered in Washington,

    D.C. MIGA promotes FDI into developing

    countries by insuring investors againstpolitical risk, advising governments onattracting investment, sharing informationthrough on-line investment informationservices, and mediating disputes betweeninvestors and governments. MIGA alsorequires host country government approvalfor every project. MIGA tries to work withhost governments - resolving claims beforethey are filed.

    http://www.miga.org/documents/africa08.pdf
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    MIGA provides guarantees againstnoncommercial risks to protect cross-border investment in developingmember countries.

    Guarantees protect investors against

    the risks of Transfer Restriction,Expropriation, War and CivilDisturbance, and Breach of Contract(for contracts between theinvestor/project enterprise and the

    authorities of the host country). Thesecoverages may be purchasedindividually or in combination.

    MIGA's Business

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    MIGA can cover only new investments. They are:- new investment contributions associated

    with the expansion, modernization, orfinancial restructuring of existing projects;

    and acquisitions involving privatization of

    state enterprises.

    Unlike other insurers,

    MIGA is backed by the

    World Bank Group and

    its member countries.