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Akira Iida has been at the helm of MIGA for five years, and in that time he and his excellent team have developed the company to become a leader and standard setter in the field of investment promotion and political risk insurance.
During this period MIGA has emerged into an organization that is committed to client service and to the fulfillment of the development objectives of the World Bank Group. This book sets forth Mr. Iida's views in his own particular way, with each chapter explaining the business philosophy and the strategic plans which he and his colleagues have brought to the service of the worldwide business community.
Readers will gain a fascinating insight into the thought, planning, innovation and periodic and bold initiatives which have characterized Akira Iida's management style. He and his team have demonstrated an unshakable commitment to improve conditions in the world's poorer nations through investment marketing and political risk mitigation. This book reflects a record of commitment and achievement.
JAMES D. WOLFENSOHN
Page 2
Acknowledgments
It was possible to publish this book through the contributions of Ms. May Eidi who worked on the design of the book, helped with editing and discussed the publication plan with the World Bank Publisher. The following members of MIGA supported me in developing the institution into an excellent company: Mr. Leigh Hollywood and his Guarantees team; team; Mr. Luis Dodero and his legal team; Mr. Martin Hartigan and Ms. Karin Millett and the Investment Marketing Services team; Messrs John Griffith and Dan Conway and the administrative, finance and personnel team. My thanks also go to Messrs. Manfred Beutgen and Lutz Halfmann who were my German counterparts when I worked for the Japanese ED's office in the World Bank 27 years ago. Both of them gladly accepted my offer to join MIGA and were good advisors to me. The achievement of the above team is shown in the annex.
Finally, I would like to express my heartfelt thanks to Mr. Ibrahim F. I. Shihata, Senior Vice President and General Counsel of the World Bank for his precious counsel not only for the publication of this book but also for solutions of various problems I encountered in MIGA.
Page 3
Table of Contents
MIGA - The Standard-Setter of Investment Promotion Business
4
Corporate Values of MIGA
12
Information Sharing between the Public and Private Sectors
20
MIGA and UNIDO
28
Capital Increase Shift
34
Business Relationship between the IBRD, MIGA and Export Credit Agencies
42
World Bank Guarantee and MIGA Guarantee
46
Launching of Prototype - IPAnet
52
Denver Speech on African Mining Investment Conference
56
Marketing a Country
60
Policy Matters of MIGA
66
Launching the Concept of the IPAnet
70
Africa IPA Round Table Address
74
The Role of MIGA in the Western Provinces of China
78
The Special Role of MIGA in the World Bank Group
86
Prospects for Japanese and U.S. Policies in the Asia and Pacific Region in the 1990s
92
Annexes - MIGA Business Profile
99
Page 4
Speech on "MIGA - The Standard-Setter of Investment Promotion Business"
at the Finans Dunyasi Dergisi ISTANBUL, TURKEY February, 19, 1997
This speech was the keynote address at the business dinner of Finans Dunyasi, Istanbul, Turkey. Finans Dunyasi is a group of prominent leaders of the Turkish business community. About 100 people were in the audience, and I was the guest speaker. I tried to introduce MIGA to the group and took questions about the practical aspects of MIGA's business in relations to the Turkish economy.
In the speech, I tried to define how MIGA conducted its business in the past five years, setting the standard in various aspects of investment promotion.
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