INS URI N G I NVES TM EN TS

ENSURING OPPORTUNITIES

ミレ二アム開発目標（MDGMDGｓ）達成に向けてｓ）達成に向けて民間投資を如何に促進すべきか
MIGAでの経験から考える
MIGAでの経験から考える
井川紀道
多数国間投資保証機関（MIGA)
多数国間投資保証機関（MIGA)長官
長官

PAGE 1

FDI TRENDS IN

Developing Countries
US$ million

250,000

200,000

100,000

50,000

US$149 million

2002*

2001

2000

1997

1994

1991

1988

1985

1982

1979

1976

1973

1970

Source: World Development Indicators (World Bank), World Investment Report(UNCTAD)*2002 Estimate

PAGE 2

US$ 240 billion

2001

US$ 205 billion

2002* US$ 187 billion

150,000

1970

2000

PAGE 3Investment Climate and Risks
INVESTMENT CLIMATE
Macroeconomic environment

RISKS
Commercial risks

Political stability

Market risk

Legal and judicial framework

Credit risk

Governance including
corruption
Efficacy of the regulatory
framework
Labor market

Liquidity risk
Operating risk
Legal risk
Non-commercial risks

Capital market

War and civil disturbance

Basic infrastructure
Dispute settlement mechanism

Transfer restriction andinconvertibility
Expropriation
Breach of contract

PAGE 4

Products and Services
POLITICAL RISK GUARANTEE
Offers protection against non-commercial risks for cross-border investments.
TECHNICAL ASSISTANCE
Strengthens the capacity of investment intermediaries by equipping them withthe tools, techniques, and skills to target and attract FDI.
INFORMATION DISSEMINATION
Disseminates information through online services on investment opportunities,business operation conditions, and business partners.
www.ipanet.net
www.privatizationlink.com
www.fdixchange.com
INVESTMENT DISPUTE MEDIATION
Provides guidance to encourage the settlement of disputes between investors
and member countries so that disputes can be solved before they rise to alevel that requires formal arbitration.
PAGE 5MIGA’s Priority Areas
1. Africa
2. IDA Eligible Countries
3. South-South Investment
4. Small and Medium Sized Enterprises
Other Emphases

5. Complex Infrastructure
6. Post-Conflict Countries

PAGE 6

Outstanding Portfolio Distribution
BY HOST REGION, IN PERCENT, AS OF JUNE 30, 2002

Net

Gross

Asia and the Pacific1310

Europe and Central Asia

2320

Middle East and North Africa

32

Sub-Saharan Africa

1715

Latin America and the Caribbean

4555

Note: Percentage add up to more than 100 percent
because of multi-country agreements.

PAGE 7

Outstanding Portfolio Distribution
GROSS EXPOSURE, BY SECTOR, IN PERCENT

PAGE 8FY98FY99

FY00

FY01

FY02

Infrastructure

1919292936

Financial

3842343635

Manufacturing

20151299Mining

15131298

Oil and Gas

33254Services

05864Tourism

32222

Agribusiness

21142

Change in the Markets after September 11
1. Investors become more cautious
2. Commercial banks become morereluctant to take exposure in emerging
economies
3. Private insurers face supply constraint
4. Privatization is at a crossroads

PAGE 9Millennium Development Goals
Eradicate extreme poverty and hunger
Achieve universal primary education
Promote gender equality and empower women
Reduce child mortality
Improve maternal healthCombat HIV/AIDS, malaria and other diseases
Ensure environmental sustainability– i.e. Halve by 2015 the proportion of people without
sustainable access to safe drinking water

Develop a Global Partnership for Development
PAGE 10

New Partnership for Africa’s Development(NEPAD)
GOALS
Average GDP growth rate of over 7 per cent per
annum for the next 15 years
Achieve MDGs
ACTION PLANS
Promotion of intra-African trade and investment
Sectoral Priorities: Infrastructure– Energy– Water and Sanitation– Transport– Information and Communications Technologies
PAGE 11

Response to the Current Situation
1. Counter-cyclical role by official agencies
2. New partnership to share risks
3. Public-private partnership to improve
investment climate

PAGE 12

Thank you!
PLEASE VISIT US

PAGE 13On the webwww.miga.org

Corporate Relations
Washington, DCt. 1.202.458.9292