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    Question

    Which Organization was set up with the mission of

    financing the reconstruction of European nations devastated by World War II?
    A The International Centre for Settlement of Investment Disputes (ICSID) Correct Answer Incorrect Answer
    B The International Bank for Reconstruction and Development (IBRD) Correct Answer Incorrect Answer
    C The International Finance Corporation (IFC) Correct Answer Incorrect Answer
    D The Multilateral Investment Guarantee Agency (MIGA) Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. Such guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. It was established in 1988 as an investment insurance facility to encourage confident investment in developing countries.

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