Create a custom practice set
Pick category, difficulty, number of questions, and time limit. Start instantly with your own quiz.
Generate QuizThe World Bank's Multilateral Investment Guarantee Agency (MIGA) provides political risk insurance and credit enhancement to investors and lenders, promoting foreign direct investment in developing countries for projects that support sustainable _____ development.
- urban
- economic
- military
- cultural
Answer: economic
MIGA guarantees cover risks like expropriation, war, breach of contract, and currency inconvertibility. By mitigating political risks, it attracts investment in infrastructure, manufacturing, and services, creating jobs, transferring technology, and fostering inclusive economic growth in emerging economies.