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Home > Regions > Overview
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Regional Overview
MIGA works in all regions of the world and has provided investment guarantees for projects in 100 developing countries across a broad range of sectors.
In fiscal year 2009 MIGA provided $50.1 million in guarantee support for ten projects in sub-Saharan Africa. The region—a strategic priority for the agency due to its need for development assistance—accounted for 38 percent of new projects supported by the agency in the fiscal year.
With ten projects supported in fiscal year 2009, Eastern Europe and Central Asia garnered the largest volume of guarantees issued by MIGA. This was largely a result of MIGA’s support to the region’s banking sector hit by the global financial crisis. Going forward, MIGA intends to continue to assist the financial sector in affected countries to meet their pressing capital and liquidity needs.
Three projects in Asia and the Pacific Region received MIGA’s support with guarantees totaling $77.1 million. Two of the projects were in China supporting the water and wastewater sector of the country. In Latin America and the Caribbean region, MIGA provided $21.9 million in guarantees for projects in Brazil and Uruguay. At year-end, MIGA’s gross exposure in the Middle East and North Africa region stood at $677 million. During the fiscal 2009 year MIGA did not issue any new guarantees in the region. In April 2009 MIGA participated in a fact-finding trip to Iraq aimed at better understanding of the development needs and investment opportunities of the country.
Updated September 2009
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