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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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Non-Honoring of Financial Obligations

Protection against losses from a failure by a sovereign, sub-sovereign, or state-owned enterprise to make a payment when due.

Our Non-Honoring of Financial Obligations coverage provides protection against losses resulting from a failure of a sovereign, sub-sovereign, or state-owned enterprise to make a payment when due under an unconditional financial payment obligation or guarantee related to an eligible investment. It does not require the investor to obtain an arbitral award. This coverage is applicable in situations when a financial payment obligation is unconditional and not subject to defenses. Compensation is based on the insured outstanding principal and any accrued and unpaid interest.