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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

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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, and at the close of FY20, 35 percent of MIGA’s outstanding portfolio was in IDA-eligible countries. Over the past six years, MIGA has more than doubled its portfolio in IDA countries, despite declining global foreign direct investment (FDI) inflows.

IDA Card 1

IDA Facilities

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.

In FY20, MIGA issued four guarantees for a total of US$193.1 million with the support of the PSW and ceded US$73.5 million under a first loss layer to IDA. Projects supported include hydropower facilities in Nepal and the Solomon Islands, as well as a wind farm project in Djibouti.

IDA Card 2

* GHG emissions avoided calculations were included in the DEIS from FY17 onwards.

Examples of MIGA-Supported Projects in IDA Countries

Sierra Leone

MIGA issued $36 million in guarantees for the design, construction, and operation of a fruit processing facility in the Southern Province of Sierra Leone that will cultivate, harvest, and process pineapples and other tropical fruit for export throughout the world. This “farm to fork” project is expected to help create approximately 13,000 direct and indirect jobs, supporting the local economy and contributing to economic diversification. In addition, the project will provide technical and vocational training to staff along with developing new community infrastructure such as a school and a health clinic.

Press Release: MIGA Supports Tropical Fruit Production in Sierra Leone



Cambodia needs to attract investments in infrastructure and connectivity in order to sustain economic growth.  However, as power demand has accelerated in recent years, domestic supply has been unable to meet demand.  Combined peak demand has grown from 262.2 MW in 2007 to the estimated 1,124 MW in 2016 at a growth rate of 17.56% per year.  Because of these constraints, MIGA has issued US$76.0 million in guarantees to support the refinancing of a 230 KV transmission network project which provides energy to Phnom Penh and smaller cities in the region. 

Press Release: MIGA Facilitates Switch to Commercial Financing for Power Transmission in Cambodia