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MIGA Annual Report 2018
No full textMIGA provides political risk insurance and credit enhancement for cross-border private
sector investors and lenders, in support of projects in developing member economies
across the world. Marking its 30th year of operation, the Multilateral Investment Guarantee Agency (MIGA) has become the third leading institution among the MDBs in terms of mobilizing direct private capital to low- and middle-income countries. This year, MIGA issued a record 17.9 billion worth of projects in developing countries. New issuances and gross outstanding exposure—at $21.2 billion this year—almost doubled as compared to fiscal 2013
MIGA Annual Report 2022
No full textIn FY22, Multilateral Investment
Guarantee Agency (MIGA) issued 4.9 billion dollars in new
guarantees across a record 54 projects. The projects focused
on encouraging private investors to work with host
governments by helping manage and mitigate political risks.
Working with the clients and partners, the Bank supported
6.5 billion dollars in total financing (from private and
public sources). Almost a third of our gross issuances
supported projects in International Development Association
(IDA) (lower-income) countries; 12 percent went to fragile
and conflict-affected countries; and 28 percent of the total
guaranteed investment of the projects supported contributed
to climate finance. FY22 issuances are expected to help
provide access to power to some 15 million people, support
nearly 20,000 jobs, and enable 1.9 billion dollars in loans,
including those for small and medium enterprises and
climate-related activities. An institution of the World Bank
Group, MIGA is committed to strong development impact and
promotion of projects that are economically,
environmentally, and socially sustainable. MIGA helps
investors mitigate the risks of restrictions on currency
conversion and transfer, breach of contract by governments,
expropriation, and war and civil disturbance, as well as
offering credit enhancement on sovereign obligations
MIGA Annual Report 2019
No full textPrivate investors provide not just financing, but also solutions, for projects in developing countries. Yet, non-commercial risks can make them hesitant to invest in developing countries. A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance, and also offers credit enhancement. Over the last six years, MIGA has doubled its portfolio, resulting in approximately 50 million people gaining access to power, and $3.9 billion in annual taxes and fees paid to host governments through MIGA-supported projects
MIGA Annual Report 2021
No full textIn FY21, MIGA issued 5.2 billion US
Dollars in new guarantees across 40 projects. These
projects are expected to provide 784,000 people with new or
improved electricity service, create over 14,000 jobs,
generate over 362 million US Dollars in taxes for the host
countries, and enable about 1.3 billion US Dollars in loans
to businesses—critical as countries around the world work to
keep their economies afloat. Of the 40 projects supported
during FY21, 85 percent addressed at least one of the
strategic priority areas, namely, IDA-eligible countries
(lower-income), fragile and conflict affected situations
(FCS), and climate finance. As of June 2021, MIGA has also
issued 5.6 billion US Dollars of guarantees through our
COVID-19 Response Program and anticipate an expansion to
10–12 billion US Dollars over the coming years, a testament
to the countercyclical role that MIGA can play in mobilizing
private investment in the face of the pandemic. A member of
the World Bank Group, MIGA is committed to strong
development impact and promoting projects that are
economically, environmentally, and socially sustainable.
MIGA helps investors mitigate the risks of restrictions on
currency conversion and transfer, breach of contract by
governments, expropriation, and war and civil disturbance,
as well as offering credit enhancement on sovereign obligations
MIGA Annual Report 2020
No full textMIGA’s mandate is to promote cross-border private investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders. In FY20, MIGA issued nearly US7 billion in total financing. FY20 projects will provide access to power to some 12.4 million people, procure US59 billion in guarantees across 118 developing countries
Aug. 19, 1997, CODE, IFC Multilateral Investment Guarantee Agency
Get PDFIn the spring of 1996, the managements of IFC and MIGA undertook a. review of whether the World Bank\u27s Inspection Panel should be extended to IFC and MIGA, or whether an alternative mechanism should be established that would accommodate the special characteristics of the private sector. The Board of Directors requested that IFC and MIGA managements submit a report on this issue to CODE, which was also reviewing the experience of the Bank\u27s Inspection Panel during its first two years of operation
MIGA relatorio anual de 2009 MIGA rapport annuel 2009 MIGA informe anual 2009
Get PDFFor Multilateral Investment Guarantee
Agency (MIGA), the challenge this year has been promoting
foreign direct investment (FDI) into developing countries at
a time when investment flows are slumping. While many
investors shied away from projects because of the difficult
investment climate, those who have been doing business
recognized the need for the kind of political risk
guarantees MIGA provides. This year, MIGA provided 2.1 billion in guarantees in
2008. But MIGA also experienced far fewer cancellations of
existing coverage this year than in previous years. MIGA is
also supporting projects to help the most vulnerable. This
year, the agency entered into an innovative contract to
facilitate up to $100 million of investments to small and
medium-size enterprises in Sub-Saharan Africa, businesses
which account for most of the continent's jobs. MIGA
has also focused on internal changes. At a time of financial
crisis, promoting FDI depends on moving quickly to meet the
emerging needs of clients. This will enhance MIGA's
operational flexibility and procedural efficiency, and
should lead to more business while strengthening MIGA's
position as a self-standing enterprise
MIGA 2008 Annual Report
No full textDuring fiscal year 2008, the Bank Group committed 3.9 billion (11.4 percent) from fiscal year 2007. The World Bank, comprising International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD), committed 11.2 billion, five percent lower than the previous year. IBRD commitments in fiscal 2008 totaled 11.4 billion and mobilized an additional 2.1 billion in guarantees in support of investments in the developing world, an increase of 689.6 million went to IDA-eligible countries. This year, MIGA's operating income was 49 million in FY07. The increase of 3.4 million compared to FY07, primarily due to higher guarantee income and investment income and translation gains
MIGA Annual Report 2015
No full textIn fiscal year 2015, the Multilateral Investment Guarantee Agency (MIGA) issued a total of 3.2 million was issued under MIGA-administered trust funds. Projects spanned regions and sectors, with 60 percent of this new issuance falling into at least one of MIGA's priority areas. At the end of the year, MIGA's gross exposure was 4.8 billion was ceded to MIGA's reinsurance partners. MIGA’s mission is to support economic growth, reduce poverty, and improve people’s lives. In order to achieve this, the agency needs a clear understanding of the development outcomes of the projects it supports. MIGA’s Development Effectiveness Indicator System (DEIS) collects a common set of indicators from clients to demonstrate results across all projects: volume of investment catalyzed, direct employment, taxes paid, and value of locally procured goods. It also measures sector-specific indicators. MIGA's 9.8 billion in public and private co-investment
2004 Annual Report
No full textAlthough a small agency, the
Multilateral Investment Guarantee Agency (MIGA) has a broad
mandate-to promote productive foreign direct investment
(FDI) flows into developing countries. The Agency's
results in fiscal 2004 were mixed. While the total amount of
guarantees issued fell slightly, to $1.1 billion, a greater
proportion of projects supported were in the poorer
countries eligible for financing from the International
Development Association (IDA). In membership, the Islamic
Republic of Iran and Suriname joined MIGA, bringing the
number of member countries to 164. Highlights for the year
include: first guarantee coverage for investors from the
Czech Republic and Poland; three water projects
supported-two in China and one in Russia; 16 projects
supported in conflict-affected countries; 65 technical
assistance activities conducted in 29 countries, along with
regional and global initiatives; new technical assistance
work initiated in Afghanistan, China, Mali, Paraguay, South
Africa and Tajikistan; the European Investor Outreach
Program launched with co-funding from the Austrian
government; and FDI Promotion Center launched
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