MIGA and foreign direct investment: evaluating developmental by Gerald T. West

By Gerald T. West

E-book by way of West, Gerald T., Tarazona, Ethel I.

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MIGA also seeks to complement the IBRD and the IFC by taking into consideration both their broad activities in a country and the specific development objectives contained in the Country Assistance Strategy (CAS). Since it was designed as a special purpose entity, MIGA was given a modest capitalization and ordered to conduct itself in a financially prudent manner. Article 25 of the Convention states: The Agency shall carry out its activities in accordance with sound business and prudential financial management practices with a view to maintaining under all circumstances its ability to meet its financial obligations.

In addition, one worker is selected yearly, based on performance, to receive additional year-long training in Japan. The company also has enlisted the Astra Management Development Institute (AMDI), a training arm of a prominent Indonesia conglomerate, to provide management skills training. At a more general level, each new worker receives a week of safety rules orientation prior to commencing work. ABN-AMRO Bank-Kazakhstan: Employees (numbering about 100) at this newly established bank branch undertook training programs in credit analysis, international accounting treasury operation, and commercial negotiations.

Ms. Aurora Medina Siy and Mr. Edgar F. Restrepo made important contributions for which the authors are deeply grateful. This report was also made possible by the cooperation of the following MIGA officers who conducted project site visits: Mr. Engin Göksu, Mr. Mirghani Hassan, Mr. Roland Pladet, Mr. Robert Rendall, Ms. Houria Sammari, Ms. Patricia Veevers-Carter, Mr. Daniel Wagner, and Mr. Zia Yusuf, and the external consultant, Mr. Michael Stack. A. A. V. OeKB Oesterreichische Kontrollbank Aktiengesellschaft OND Office National du Ducroire OPIC Overseas Private Investment Corporation SACE Sezione Speciale per l'Assicurazione del Credito all' Esportazione TQM Total Quality Management UNDP United Nations Development Programme Page ix INTRODUCTION MIGA, a member Agency of the World Bank Group, provides political risk insurance to qualified foreign investors in developing member countries and carries out advisory and technical programs for governments of these countries to improve their ability to attract foreign investment.

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