Give objectives of Multinational Investment Guarantee Agency (MIGA). (Imp.)

Objectives of MIGA are as under :

1. to encourage flow of direct foreign investment into the less developed member countries;

2. to provide insurance cover to investors against political risks;

3. to provide guarantee against noncommercial risks;

4. to insure new investments, expansion of existing investments, privatization and financial restructuring;

5. to provide promotional and advisory services; and

6. to establish credibility.