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Asked by Sheryl Kambuni on Apr 29, 2024

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The World Bank established the Multilateral Investment Guarantee Agency to encourage increased investment in developing nations.

Multilateral Investment Guarantee Agency

An international financial institution that offers political risk insurance and credit enhancement to investors and lenders to encourage investment in developing countries.

World Bank

A global financial organization that offers loans and grants to less wealthy nations to help them undertake capital projects.

Developing Nations

Countries with a lower standard of living, underdeveloped industrial base, and low Human Development Index relative to other countries.

  • Recognize major global institutions pertinent to securities markets and their regulatory extent.
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ashmita sadiouraMay 04, 2024
Final Answer :
True
Explanation :
The Multilateral Investment Guarantee Agency (MIGA) was established by the World Bank in 1988 to encourage direct foreign investment into developing countries by offering non-commercial insurance (guarantees) against political risks.

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