•MIGA is Multilateral Investment Guarantee Agency, an arm of the World Bank Group offering political-risk insurance and credit enhancement.
•Myanmar is MIGA's membership, so it will be great benefit to local businesspeople as well as foreign investors working in the country, according to its officials.
•"MIGA will now be able to support investments made by foreign investors. More specifically, for a frontier country like Myanmar, the perception of risk tends to be high, especially non-commercial risks such as war and civil disturbance and currency in convert ability.
•Myanmar's membership in MIGA means that direct foreign investment into the country is eligible for the agency's guarantees. These protect investments against the risks of transfer restriction, expropriation, and breach of contract, non-honoring of financial obligations, and war and civil disturbance.