Iraq joins Multilateral Investment Guarantee Agency

[Telestar]

http://www.alsumaria.tv/en/Economics...ee-Agency.html
Iraq joins Multilateral Investment Guarantee Agency Tuesday, October 23, 2007 09:11 GMT Finance Minister Baker Jaber Azzubaidi signed on the agreement by the power of which Iraq joins the Multilateral Investment Guarantee Agency (MIGA) an institution of the World Bank Group. Hence, Iraq became the country number 174 to join this agency.
However, MIGA guarantees the foreign investors who want to invest in one of the member countries and protects them from any political decisions these countries might take against the investors. Hence, this membership would help to encourage the foreign investors to invest in Iraq’s different fields.

I did not see this posted today. Iraq joining the MIGA may drive up invenstments IMHO.

[oldskiier]

http://www.alsumaria.tv/en/Economics...ee-Agency.html
Iraq joins Multilateral Investment Guarantee Agency Tuesday, October 23, 2007 09:11 GMT Finance Minister Baker Jaber Azzubaidi signed on the agreement by the power of which Iraq joins the Multilateral Investment Guarantee Agency (MIGA) an institution of the World Bank Group. Hence, Iraq became the country number 174 to join this agency.
However, MIGA guarantees the foreign investors who want to invest in one of the member countries and protects them from any political decisions these countries might take against the investors. Hence, this membership would help to encourage the foreign investors to invest in Iraq’s different fields.

I did not see this posted today. Iraq joining the MIGA may drive up invenstments IMHO.

This is nice !!!!