The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank. Our mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
Our guarantees protect investments against noncommercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. The Agency derives its unique strength from the World Bank and from its structure as an international organization whose shareholders include most countries of the world. This enables us to provide an umbrella of deterrence against government actions that could disrupt projects, and assist in the resolution of disputes between investors and governments. We also add value through our ability to offer clients extensive knowledge of emerging markets and of international best practice in environmental and social management.
- MIGA will help countries and companies respond to the COVID-19 pandemic and its wider economic impact.
- The Agency is committed to playing its full part in delivering the World Bank’s twin goals and supporting the World Bank and IFC in meeting their capital package commitments.
- The Agency will increase its proportion of guarantees in IDA countries and Fragile and Conflict-Affected Situations (FCS) and guarantees in support of Climate Finance.
Four Strategic Directions
To deliver on these targets, MIGA's FY21-23 Strategy will pursue four directions:
DEEPEN IMPACT IN IDA COUNTRIES/FCS
MIGA will continue to serve all client countries while deepening impact in IDA (low-income) countries and Fragile and Conflict-Affected Situations (FCS).
COMPLEMENT MARKET CREATION
MIGA will continue to complement market creation through the Cascade approach and the Financing for Development agenda.
TAKE LEAD ON GLOBAL ISSUES
MIGA will demonstrate leadership on applicable global issues such as climate change, gender and knowledge/ advocacy on the power of guarantees.
IMPROVE THE BUSINESS MODEL
MIGA will continue to improve its robust business model.
In FY21-23, MIGA will also focus on three areas, all of which will help execute the four strategic directions:
i. MORE INNOVATION & NEW PRODUCTS
MIGA will increase its innovation and new product applications while paying due attention to the additional risks which these may add to the Agency’s portfolio.
ii. CLOSER COLLABORATION WITH OTHER WBG MEMBERS
MIGA will foster closer collaboration with the World Bank and IFC to leverage their expanded upstream work, which will generate more investable transactions.
iii. DEEPER PARTNERSHIPS WITH OTHER MDBS & ECAS
MIGA will strengthen actionable partnerships and collaboration with other Multilateral Development Banks (MDBs) and Export Credit Agencies (ECAs) to tackle development challenges through the application of complementary and comprehensive products and solutions.
As a multilateral development agency, MIGA only supports investments that are developmentally sound and meet high social and environmental standards. MIGA applies a comprehensive set of social and environmental performance standards to all projects and offers extensive expertise in working with investors to ensure compliance to these standards.