Mexico has fulfilled all its membership requirements to become the 175th member of the Multilateral Investment Guarantee Agency (Miga).
Miga membership will mean that all foreign investments going into Mexico are eligible for guarantee coverage from Miga, protecting investments against the risks of transfer restriction, expropriation, breach of contract, non-honouring of sovereign financial obligations and war and civil disturbance.
Investors from Mexico looking to move into other developing countries can also receive coverage for their investments from Miga.
“Not only will Miga’s membership benefit investors going into Mexico, but Mexico is gaining stature as a very important source of outward investment,” comments Izumi Kobayashi, Miga’s executive vice-president.
Mexico’s outward foreign direct investment flows surpassed US$8bn in 2007, according the UNCTAD statistics.
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