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Multilateral Investment Guarantee Agency

Volume 300: debated on Wednesday 12 November 1997

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28.

To ask the Secretary of State for International Development what assessment she has made of the 1997 annual report of the World Bank's Multilateral Investment Guarantee Agency. [14135]

I am pleased that MIGA's 1997 Annual Report shows continuing growth in demand for insurance cover for private investments in developing countries. At the meeting of the Development Committee of the Bank in Hong Kong in September, I joined fellow Governors in agreeing a solution to MIGA's capital constraint, which will enable it to continue to expand its guarantee business.