Maldives join MIGA

Multilateral Investment Guarantee Agency (MIGA)-a member of the World Bank Group announced that the Republic of the Maldives has become its newest shareholder, bringing MIGA's total membership to 165.

The membership enables eligible foreign companies seeking to invest in the Maldives to receive MIGA's guarantee coverage, which protects investments against the risks of transfer restriction, expropriation, breach of contract, and war and civil disturbance (including terrorism). Investments from the Maldives going into other developing countries may also receive coverage. Membership also makes the country eligible for MIGA's technical assistance services to help it attract more foreign direct investment.

"We are delighted that the Maldives has now finalized its membership and is eligible for support from our a gency," says MIGA's Executive Vice President, Yukiko Omura.