Investment Guarantee Agreements (IGAs), also known as Promotion and Protection of Investment Agreement. The objectives of IGA are to:
i. promote, facilitate and protect investments;
ii. provide assurance to investors and their investments that in the event of expropriation or nationalisation as well as in circumstances involving losses owing to war, armed conflict, revolution, a state of emergency, revolt, insurrection, or riot, investors will receive prompt and adequate compensation;
iii. provide investor the right to transfer profits, capital and other fees related to investments; and
iv. provide for a dispute mechanism that allows investor recourse to international arbitration, in addition to domestic courts.
