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date: 17 June 2021

Abstract and Keywords

The goal of this article is to revisit the principal developments of investment insurance at both national and international level and to describe the evolution of the concept. It intends to look at the development of guarantees for investment from an historical perspective and then see how insurance mechanisms have evolved from purely national protection to an international protection system. It illustrates the concrete application of such mechanisms through a recent case involving foreign investors and different national guarantee systems. It focuses on two national mechanisms: the US Overseas Private Investment Corporation and the Swiss Investment Risk Guarantee Agency and then discusses a regional instrument, the Inter-Arab Investment Guarantee Corporation. Finally, this article is devoted to the World Bank's Multilateral Investment Guarantee Agency (MIGA), one of the most important initiatives in the domain of international investment.

Keywords: investment insurance, international protection system, national mechanisms, Inter-Arab Investment Guarantee Corporation, international investment

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