MIGA and TMNF to Increase FDI in Developing Countries
The agreement will facilitate investment by providing guarantees, co-insurance, and reinsurance for projects in developing countries. MIGA and TMNF will collaborate to identify and support joint projects and combine their respective expertise to provide comprehensive support for investments.
"The strategic partnership with TMNF reinforces our commitment to drive sustainable growth and prosperity in developing countries," said
The agreement outlines guiding principles for mutual accountability and scalability of partnership formats and focuses on an impact-driven approach. Both organizations will hold consultations, conduct joint due diligence, and project preparation activities, and create innovative guarantee products in sustainable financing, such as carbon credits, trade finance, and projects involving Japanese financial institutions, to increase accessibility of political risk insurance and other guarantee solutions for developing countries.
"Tokio Marine & Nichido Fire is committed to the creation of a safe, secure, and sustainable future for all and is very pleased to partner with MIGA to promote sustainable development around the world," said Eiichi Hosojima, Senior Managing Executive Officer, TMNF. "Our partnership is going to be around the co-creation of innovative financial solutions to address social issues such as strengthening climate resilience, the acceleration of our transition to a decarbonized society in the future, and so on."
The strategic partnership underscores the commitment of MIGA and TMNF to create a world free of poverty on a livable planet. By bringing together expertise and resources, the two organizations seek to promote access to finance and mitigate investment risks, accelerating growth opportunities in emerging markets.
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About TMNF
Tokio Marine & Nichido Fire is a member of
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About MIGA
MIGA was created in 1988 as a member of the
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Original text here: https://www.miga.org/press-release/miga-and-tmnf-increase-fdi-developing-countries
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