OSIGURANjE INVESTICIJA OD STRANE MULTILATERALNE AGENCIJE ZA GARANTOVANjE INVESTICIJA

Abstract

Along with the growth in the volume of foreign direct investment in the world, awareness of their imortance is also growing. Undeveloped countries and developing countries are trying to stimulate the flow of foreign capital by instruments and measures of economic policy, which becomes a key factor in economic development. The increased volume of cross-border movement of capital also conditions the growth of non-commercial risk occurrence, which includes the risk of expropriation, the risk of capital transfer, the risk of contract violations, the risk of war and civil unrest. In order to reduce non-commercial risks and preserve the legal position of foreign investors, and therefore the value of investment, it is resorting to investment insurance. Foreign investment insurance services from non-commercial risks are provided by MIGA (Multilateral Investment Guarantee Agency). In addition to guarantees that it provides to foreign investors in an effort to reduce their exposure to political risks, MIGA also helps the state receivers of capital in the process of attracting foreign capital and accelerating economic development. Therefore, in the focus of the work are investment insurance services, as the fundamental functions of MIGA, with an analysis of the conditions for providing guarantees and risks that can be secured.