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During the fiscal year ending June 30, 2006, MIGA issued $1.3 billion in investment guarantees (insurance) for 41 projects in developing countries. The results bring total coverage issued by the agency to $16 billion. Many of the projects focused on MIGA's priorities of supporting investment in “frontier markets” (high-risk/low-income), in conflict-affected and IDA-eligible (the world's poorest) countries, and investments between developing countries. The Highlights section includes messages from President Paul Wolfowitz and Executive Vice President Yukiko Omura.