DIFC ties up with World Bank agency

The Dubai International Financial Centre (DIFC) has revealed that it has entered into collaboration with the World Bank Group's Multilateral Investment Guarantee Agency (MIGA).

The sources informed that the tie up will help as well as support the development of the region's bond and Sukuk market.

The sources informed that the two institutions are also joining forces on their overall target of promoting Foreign Direct Investment (FDI) into the Middle East North Africa (MENA) region.

As per official sources, DIFC's collaboration with MIGA supports DIFC's long-run scheme for developing highly efficient as well as liquid capital markets.

MIGA, addresses investor concerns by offering 'political risk insurance' for foreign investments in developing countries.