Page 84 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024
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ECI, MIGA sign agreement to boost
cooperation in FDI activities
WAM
17th October 2024, 00:30 GMT+11
ABU DHABI, 16th October, 2024 (WAM) -- 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 15th October 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.
