Last Updated November 07, 2008
Miga forecasts slowdown if foreign direct investment stalls
The potential impact of the current financial crisis and slowdown of foreign direct investment (FDI) could be devastating for emerging economies, according to the Multilateral Investment Guarantee Agency (Miga), the political risk insurance arm of the World Bank Group.
Miga’s acting executive vice- president and chief operating officer James Bond believes emerging markets have so far been spared the worst from the turmoil. But the crisis is far from resolved.
