Investment Insurance and Development Impact : Evaluating MIGA's Experience

The document is an assessment of the impacts of a large sample of the Multilateral Investment Guarantee Agency (MIGA) assisted investments, reflecting to various degrees, the actual impacts in the twenty seven countries it operated. However, these...

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Main Authors: West, Gerald T., Tarazona, Ethel I.
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2001/02/1047375/investment-insurance-development-impact-evaluating-migas-experience
http://hdl.handle.net/10986/13844
id okr-10986-13844
recordtype oai_dc
spelling okr-10986-138442021-04-23T14:03:10Z Investment Insurance and Development Impact : Evaluating MIGA's Experience West, Gerald T. Tarazona, Ethel I. ADB CAPITAL MARKETS CONCEPTUAL FRAMEWORK CONCESSIONAL LENDING DEBT EIB ENVIRONMENTAL ISSUES EVALUATION ACTIVITIES EVALUATION RESULTS EXPLOITATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL YEAR FOREIGN EXCHANGE FUELS GNP GROSS NATIONAL PRODUCT HEAVILY INDEBTED POOR COUNTRIES HIPC INCOME INFRASTRUCTURE PROJECTS INSURANCE INSURANCE CONTRACTS INSURERS LAWS MINES MONITORING VISITS OIL PERFORMANCE INDICATORS POSITIVE FEEDBACK PROGRAMS PROJECT EVALUATION PROJECT MONITORING SAP SOCIAL DEVELOPMENT SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRUST FUNDS INVESTMENT INSURANCE DEVELOPMENT INDICATORS EVALUATION OF PROJECTS MULTILATERAL INVESTMENT GUARANTEE AGENCY INVESTMENTS PROJECT IMPACT ANALYSIS OF VARIANCE FOREIGN DIRECT INVESTMENTS PRIVATE INVESTMENTS DEVELOPMENT ASSISTANCE OPERATIONAL RESEARCH REGIONAL ECONOMIC DISPARITIES DIVERSIFICATION QUANTITATIVE DATA MULTIDIMENSIONAL SCALING CASE STUDIES EVALUATION STUDIES The document is an assessment of the impacts of a large sample of the Multilateral Investment Guarantee Agency (MIGA) assisted investments, reflecting to various degrees, the actual impacts in the twenty seven countries it operated. However, these differences should not mask the reality that, relative to the investment-specific anticipated impacts, these investments generally met, or exceeded the original anticipated impacts. For regardless of some difficulties, and failures, the broad positive impact of these projects is evident. The present analysis both encompasses, and extends the analysis of 1998, and, represents a comprehensive evaluation of the development impacts of foreign direct investments, ever undertaken by an investment insurer, offering a research that explores the nexus between private investment, and development across multiple dimensions, and time. A description of MIGA's development mandate is offered, as described in the Agency's Convention and Operational Regulations, and a brief overview of MIGA's growth since inception is provided, highlighting the increasing regional, and sectoral diversification of its portfolio. A comparison of anticipated, vs. actual benefits for some quantitative indicators is provided, as well as an analysis of impacts within a multidimensional framework. Two case studies are presented, and the lessons learned lay the foundation for future work. 2013-06-11T20:10:40Z 2013-06-11T20:10:40Z 2001-02 http://documents.worldbank.org/curated/en/2001/02/1047375/investment-insurance-development-impact-evaluating-migas-experience 0-8213-4913-9 http://hdl.handle.net/10986/13844 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ADB
CAPITAL MARKETS
CONCEPTUAL FRAMEWORK
CONCESSIONAL LENDING
DEBT
EIB
ENVIRONMENTAL ISSUES
EVALUATION ACTIVITIES
EVALUATION RESULTS
EXPLOITATION
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FISCAL YEAR
FOREIGN EXCHANGE
FUELS
GNP
GROSS NATIONAL PRODUCT
HEAVILY INDEBTED POOR COUNTRIES
HIPC
INCOME
INFRASTRUCTURE PROJECTS
INSURANCE
INSURANCE CONTRACTS
INSURERS
LAWS
MINES
MONITORING VISITS
OIL
PERFORMANCE INDICATORS
POSITIVE FEEDBACK
PROGRAMS
PROJECT EVALUATION
PROJECT MONITORING
SAP
SOCIAL DEVELOPMENT
SUSTAINABLE DEVELOPMENT
TECHNICAL ASSISTANCE
TELECOMMUNICATIONS
TRUST FUNDS INVESTMENT INSURANCE
DEVELOPMENT INDICATORS
EVALUATION OF PROJECTS
MULTILATERAL INVESTMENT GUARANTEE AGENCY
INVESTMENTS
PROJECT IMPACT
ANALYSIS OF VARIANCE
FOREIGN DIRECT INVESTMENTS
PRIVATE INVESTMENTS
DEVELOPMENT ASSISTANCE
OPERATIONAL RESEARCH
REGIONAL ECONOMIC DISPARITIES
DIVERSIFICATION
QUANTITATIVE DATA
MULTIDIMENSIONAL SCALING
CASE STUDIES
EVALUATION STUDIES
spellingShingle ADB
CAPITAL MARKETS
CONCEPTUAL FRAMEWORK
CONCESSIONAL LENDING
DEBT
EIB
ENVIRONMENTAL ISSUES
EVALUATION ACTIVITIES
EVALUATION RESULTS
EXPLOITATION
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FISCAL YEAR
FOREIGN EXCHANGE
FUELS
GNP
GROSS NATIONAL PRODUCT
HEAVILY INDEBTED POOR COUNTRIES
HIPC
INCOME
INFRASTRUCTURE PROJECTS
INSURANCE
INSURANCE CONTRACTS
INSURERS
LAWS
MINES
MONITORING VISITS
OIL
PERFORMANCE INDICATORS
POSITIVE FEEDBACK
PROGRAMS
PROJECT EVALUATION
PROJECT MONITORING
SAP
SOCIAL DEVELOPMENT
SUSTAINABLE DEVELOPMENT
TECHNICAL ASSISTANCE
TELECOMMUNICATIONS
TRUST FUNDS INVESTMENT INSURANCE
DEVELOPMENT INDICATORS
EVALUATION OF PROJECTS
MULTILATERAL INVESTMENT GUARANTEE AGENCY
INVESTMENTS
PROJECT IMPACT
ANALYSIS OF VARIANCE
FOREIGN DIRECT INVESTMENTS
PRIVATE INVESTMENTS
DEVELOPMENT ASSISTANCE
OPERATIONAL RESEARCH
REGIONAL ECONOMIC DISPARITIES
DIVERSIFICATION
QUANTITATIVE DATA
MULTIDIMENSIONAL SCALING
CASE STUDIES
EVALUATION STUDIES
West, Gerald T.
Tarazona, Ethel I.
Investment Insurance and Development Impact : Evaluating MIGA's Experience
description The document is an assessment of the impacts of a large sample of the Multilateral Investment Guarantee Agency (MIGA) assisted investments, reflecting to various degrees, the actual impacts in the twenty seven countries it operated. However, these differences should not mask the reality that, relative to the investment-specific anticipated impacts, these investments generally met, or exceeded the original anticipated impacts. For regardless of some difficulties, and failures, the broad positive impact of these projects is evident. The present analysis both encompasses, and extends the analysis of 1998, and, represents a comprehensive evaluation of the development impacts of foreign direct investments, ever undertaken by an investment insurer, offering a research that explores the nexus between private investment, and development across multiple dimensions, and time. A description of MIGA's development mandate is offered, as described in the Agency's Convention and Operational Regulations, and a brief overview of MIGA's growth since inception is provided, highlighting the increasing regional, and sectoral diversification of its portfolio. A comparison of anticipated, vs. actual benefits for some quantitative indicators is provided, as well as an analysis of impacts within a multidimensional framework. Two case studies are presented, and the lessons learned lay the foundation for future work.
format Publications & Research :: Publication
author West, Gerald T.
Tarazona, Ethel I.
author_facet West, Gerald T.
Tarazona, Ethel I.
author_sort West, Gerald T.
title Investment Insurance and Development Impact : Evaluating MIGA's Experience
title_short Investment Insurance and Development Impact : Evaluating MIGA's Experience
title_full Investment Insurance and Development Impact : Evaluating MIGA's Experience
title_fullStr Investment Insurance and Development Impact : Evaluating MIGA's Experience
title_full_unstemmed Investment Insurance and Development Impact : Evaluating MIGA's Experience
title_sort investment insurance and development impact : evaluating miga's experience
publisher Washington, DC: World Bank
publishDate 2013
url http://documents.worldbank.org/curated/en/2001/02/1047375/investment-insurance-development-impact-evaluating-migas-experience
http://hdl.handle.net/10986/13844
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