The World Bank Group’s comprehensive guarantee portfolio, housed at MIGA, transforms uncertainties into calculated opportunities. Combine guarantees to tailor the right coverage for your project.
EXPLORE GUARANTEES CATEGORIES
Political Risk Guarantees
Political Risk Guarantees protect investments against losses caused by government actions or political events. These guarantees ensure your investment remains secure despite uncertain environments.
Currency Inconvertibility and Transfer Restriction
Expropriation
Capital Optimization
War and Civil Disturbances
Project-Based Payment Guarantee for the Private Sector
Project-Based Loan Guarantees for Private Sector Borrowers
Credit Guarantees
Credit risk guarantees protect lenders from losses if borrowers default on loans or bonds. By sharing this risk, MIGA helps make financing available for projects in developing countries that might otherwise struggle to attract investments.
Partial/Full Credit Guarantee for Loan
Non-honoring of Public Debt
Unfunded Risk Participation
Risk-Sharing Facility
Partial Credit Guarantee for Bonds
Significant Risk Transfer
Policy-Based Guarantee
Project-Based Loan Guarantee for Public Sector Projects
Trade Finance Guarantees
Trade Finance Guarantees support cross-border trade. They protect lenders and exporters against commercial and political risks that may disrupt transactions or trade-related financing.
Trade Loans
Letter of Credit Confirmation
Get answers to common questions about how MIGA World Bank Group Guarantee Platform helps investors manage risk, secure financing, and invest confidently in emerging markets.
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Investment Guarantee Basics
MIGA provides non-commercial guarantees (insurance) for cross-border investments into developing countries. MIGA's guarantees protect investors against the risks of transfer restriction (including inconvertibility), expropriation, war and civil disturbance, breach of contract, and non-honoring of financial obligations.
In general, investors who are citizens of, or entities that are incorporated in, MIGA member countries—other than the country in which the investment is being made (called host country)—are eligible for MIGA guarantees. However, MIGA can insure an investment made by a national of a host country if the funds to be invested come from outside the country and the application for coverage is made jointly by the investor and the host country.
MIGA issues guarantees for periods of up to 15 years, and occasionally, 20 years. The minimum length of a guarantee is three years. In guarantees that cover loans, MIGA usually issues coverage to match the length of such loans.
Yes, if the investor breaches its contractual obligations.
Yes, after the first three years of coverage, or as of the date of notice when the project enterprise is liquidated, declared bankrupt, or placed on receivership, or the guarantee holder has no legal interest in the guaranteed project.
No, MIGA is an insurer, not a lender.
No, MIGA covers only equity interests, loans related to an investment project (shareholder and non-shareholder loans), and certain types of transactions in which the investor's remuneration depends on the revenues or production of the investment project.
Yes, prior to consideration by MIGA's Board of Directors, MIGA discloses on its website a "Summary of Proposed Guarantee" that includes the name of the investor, the host country, a brief project description, the risks covered, and the amounts to be insured. Proprietary information is not disclosed without the investor's approval. Environmental and social information is also disclosed for all projects with any potentially adverse social or environmental impacts. After MIGA signs a contract of guarantee with an investor, MIGA discloses a "Project Brief" containing final details of the investment. Project briefs are also published in MIGA's annual report.
