What do you mean by Multinational Investment Guarantee Agency (MICA) - QS Study
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The Multinational Investment Guarantee Agency was established in April 1988 to supplement the functions of the World Bank and IFC.

Major objectives of MICA are:

  • To encourage flow of direct foreign investment into the less developed member countries.
  • To provide insurance cover to investors against political risks;
  • To provide guarantee against non commercial risks (like dangers involved in currency transfer, war and civil disturbances and breach of contract);
  • To insure new investments expansion of existing investments privatization and financial re structuring
  • To provide promotional and advisory services and
  • To establish credibility.