Low-Income (IDA) Countries

The perception of risk often deters the private sector from investing in low-income countries. 

MIGA is working to mitigate investor non-commercial risk in IDA-eligible countries (low-income countries). Supporting cross-border investment into IDA countries is an important priority for MIGA.

In FY24, MIGA’s support to IDA-eligible countries totaled $3.1 billion, 75% higher than FY23 and 38% of the total guarantee issuance. In terms of projects supported, commitments in IDA-eligible countries supported 26 projects (65% of total projects supported) across 15 nations in Africa and the Europe and Central Asia regions.

Projects in IDA countries are possible through innovative applications of MIGA guarantees with the IDA Private Sector Window (PSW) and the IDA MIGA Guarantee Facility (MGF), which expands the coverage of MIGA guarantees through shared first-loss and risk participation akin to reinsurance. This results in significant mobilization opportunities, as every dollar of PSW resources deployed results in up to US$5 of private sector investment mobilized and co-financed.

Examples of MIGA-Supported Projects in IDA Countries

Burundi

In 2024, MIGA issued a $10.9 million guarantee to Anzana Electric Group (formerly Virunga Power) of Mauritius for its investments in Weza Power. The guarantee covers the risk of breach of contract for up to three years. 

Weza Power will expand Burundi's electricity network and reach 45,000 rural households by 2025. 

Kenya

Over the past few years, MIGA has issued more than $600 million in guarantees to help Serbia and Kenya build more climate-resilient roads. MIGA is committed to promoting FDI and helping emerging markets build more climate-resilient roads to reduce transportation costs and create jobs. 

(Last Updated: April 2025)