World Bank Political-Risk Insurer Underused 30% in Climate Fight

Bloomberg: A World Bank Group agency providing insurance, including political-risk coverage, in developing nations is being underutilized by 30 percent because of a lack of demand as the United Nations fights to protect the climate. The Multilateral Investment Guarantee Agency in Washington provided a record $2.1 billion of guarantees in the year through June last year, which may jump another 14 percent this fiscal year, said Edith Quintrell, MIGA's director of operations. A lack of global climate-protection...

URL: http://www.bloomberg.com/news/2012-05-09/world-bank-political-risk-insurer-underused-30-in-climate-fight.html