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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 96 developing countries across a broad range of sectors.
In fiscal year 2008 MIGA provided $218 million in guarantee support for nine 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 nine projects supported in fiscal year 2008, Eastern Europe and Central Asia garnered the largest volume of guarantees issued by MIGA. This was due to a large guarantee issued to support loans to SMEs in Turkey and the expansion of Austrian banks in Southeast Europe and the Commonwealth of Independent States. MIGA is committed to playing an important role in the development of the financial sector in emerging markets, especially in the wake of the global financial crisis.
Three projects in Asia received MIGA’s support with guarantees totaling $36.6 million. Two of the projects were in Afghanistan—a priority for MIGA as a conflict-affected country. In Latin America and the Caribbean region, MIGA provided $158.5 million in guarantees for the landmark Autopistas del Sol S.A. in Costa Rica, the first Public Private Partnership toll road concession in the country. MIGA’s gross exposure in the Middle East and North Africa region rose significantly to 11 percent in fiscal year 2008. Projects in the region included the Doraleh Container Terminal in Djibouti—supported with MIGA’s first guarantee for Shariah-compliant project financing. MIGA’s increased commitment is consistent with the World Bank Group’s strategy for greater involvement in the region.
Updated November 2008
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