What do you mean by Multinational Investment Guarantee Agency (MICA)

The Multinational Investment Guarantee Agency was established in April 1988 to supplement the functions of the World Bank and IFC.

Major objectives of MICA are:

  • To encourage flow of direct foreign investment into the less developed member countries.
  • To provide insurance cover to investors against political risks;
  • To provide guarantee against non commercial risks (like dangers involved in currency transfer, war and civil disturbances and breach of contract);
  • To insure new investments expansion of existing investments privatization and financial re structuring
  • To provide promotional and advisory services and
  • To establish credibility.