Doesn't MIGA cover political risks for corporations (who hate government interference)? Risks include monetary transfer restrictions, expropriation, war and civil disturbance, and host government's breach or repudiation of a contractual agreement.
Corporations (who hate government interference) can be compensated for their losses, I believe. Taxpayer-backed Ex-Im Bank, OPIC, other government programs, as well as special legislation purchased from Congress are also available to corporations (who hate government interference).
I am pretty sure that coverage is not automatic so maybe these corporations (who hate government interference) will not be paid -- at least not automatically. They may have to purchase legislation from Congress to cover their losses, if any.
Excellent question. There may be some utility in the World Bank afterall.
I'm worried about a couple of things:
1. The world markets have tended to reward the Chavez's and the Ahmedinejehad's (or whatever the thing calls itself) by bidding up the price of crude. The great game goes on.
2. The timing of Paul Wolfowitz 'affair' is curious in light of this. At any rate, Wolfowitz's absence is not going to help any such remedy.
3. Chavez's and Amed... seem to have calculated that we are preoccupied with the WOT. So far the gamble's paying off
4. Is the Monroe doctrine completely kaput?
5.They say oil is 'fungible' once out of the ground. Is it so while in the ground? Isn't much of the oil accessible from neigboring Brazil and Colombia?
Just curious what you'd think.
Thanks.