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10/31/24, 11:40 AM PRESSR: ECI and MIGA sign agreement to boost cooperation in FDI activities — TradingView News
PRESSR: ECI and MIGA sign

agreement to boost

cooperation in FDI activities

Oct 16, 202419:14 GMT+4

First published: 16-Oct-2024 19:14:36

Al Mazrouei: We are committed to expanding our strategic partnerships,

believing in the importance of concerted efforts in achieving the goals of
the national economic vision

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.

https://www.tradingview.com/news/reuters.com,2024-10-16:newsml_Zawy55q5:0-pressr-eci-and-miga-sign-agreement-to-boost-cooperation-in-fdi-acti… 1/3