MIGA – NETHERLANDS
October 1st, 2004
BY KEITH NUTHALLTHE WORLD Bank's key risk management agency has signalled a retreat from relying overwhelmingly on the commercial reinsurance market by striking a deal with the Netherlands over state guarantees for its international development projects. The Dutch government has promised to provide up to Euro 150 million a year in reinsurance capacity to the Multilateral Investment Guarantee Agency (MIGA). It is the first time that a MIGA member state has reinsured the organisation for projects involving its own national companies. MIGA's executive vice president ...
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