Multilateral Investment Guarantee Agency (MIGA) Council of Governors Resolution; No. 114 Reclassification of the Republic of Lithuania

Jul 19, 2026

This document contains Resolution No. 114 of the Council of Governors of the Multilateral Investment Guarantee Agency (MIGA), adopted on January 5, 2022. The resolution addresses the reclassification of the Republic of Lithuania from a Category Two member country to a Category One member country. It outlines the historical context, including Lithuania's membership effective June 8, 1993, and the government's request for reclassification. The resolution notes that in accordance with Article 31 of the MIGA Convention, the Council of Governors holds the authority to reclassify members. A key condition for reclassification, as stipulated, is that the Republic of Lithuania has satisfied the requirement to substitute an equivalent amount of its subscription, originally paid in local currency, with freely usable currency. This substitution occurred when Lithuania adopted the Euro as its official currency on January 1, 2015. Consequently, the Council of Governors hereby resolves that the Republic of Lithuania is officially classified as a Category One member country of MIGA. The document signifies a formal administrative action by MIGA concerning its membership classifications and adherence to its convention's articles regarding member status adjustments.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Resolution No. 114

Reclassification of the Republic of Lithuania

FAQs

What is the purpose of Resolution No. 114?

Resolution No. 114 of the MIGA Council of Governors concerns the reclassification of the Republic of Lithuania from a Category Two to a Category One member country.

When did the Republic of Lithuania become a member of MIGA?

The Republic of Lithuania became a member of the Multilateral Investment Guarantee Agency (MIGA) effective June 8, 1993.

What was the condition met by the Republic of Lithuania for reclassification?

The Republic of Lithuania satisfied the requirement to substitute an equivalent amount of its subscription paid in local currency with freely usable currency upon adopting the Euro on January 1, 2015.

Jul 19, 2026

Upload by Seraphina