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10/31/24, 11:49 AM ECI and MIGA sign agreement to boost cooperation in FDI activities - Middle East News 247

ECI and MIGA sign agreement to boost cooperation

in FDI activities

By News Desk 1 October 16, 2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and the Multilateral Investment

Guarantee Agency (MIGA), an institution of the World Bank Group, signed an agreement to expand
cooperation and coordination between both parties in driving foreign direct investments (FDI), along with co-
insurance and reinsurance activities. The signing happened on the sidelines of the Berne Union Annual

General, which commenced October 15 in Hamburg, Germany.

By leveraging distinct records and long-standing experiences of both parties in the fields of investment

guarantees and commercial credit, the agreement establishes a framework that promotes joint efforts to
boost FDIs through co-insurance and reinsurance. This agreement has the potential to improve quality of
solutions presented to partners and clients of both parties. The prospect of this bilateral cooperation includes

co-insurance and reinsurance solutions for projects, investment agreements, equity insurance, loans,
shareholders’ and non-shareholders’ assurances and various other forms of investment.

H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, reiterated the company’s commitment to
strengthen its strategic ties, develop cooperations and exchange experiences with key international
institutions and agencies in the fields of insurance, credit and guarantees. This comes in line with the

company’s belief in the significance of efforts in boosting the resilience and sustainability of the national

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