Our mandate is to promote cross-border private investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
The COVID-19 pandemic is expected to decrease global foreign direct investment (FDI) by up to 40 percent in 2020, and the World Bank Group forecasts that the global economy will experience the worst recession since World War II. Developing countries are at risk of wiping out critical development gains, and millions might be pushed into extreme poverty.
Against the backdrop of these challenges, MIGA’s role and mission remain more essential than ever. In FY20, MIGA issued nearly US$4 billion in new guarantees, helping mobilize over US$7 billion in total financing. FY20 projects will provide access to power to some 12.4 million people, procure US$4.3 million in goods locally each year, and avoid approximately 3 million tons of carbon dioxide equivalent (tCO₂e) emissions per year.
A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, war and civil disturbance, as well as offering credit enhancement on sovereign obligations.
Our mandate is to promote cross-border private investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
The COVID-19 pandemic is expected to decrease global foreign direct investment (FDI) by up to 40 percent in 2020, and the World Bank Group forecasts that the global economy will experience the worst recession since World War II. Developing countries are at risk of wiping out critical development gains, and millions might be pushed into extreme poverty.
Against the backdrop of these challenges, MIGA’s role and mission remain more essential than ever. In FY20, MIGA issued nearly US$4 billion in new guarantees, helping mobilize over US$7 billion in total financing. FY20 projects will provide access to power to some 12.4 million people, procure US$4.3 million in goods locally each year, and avoid approximately 3 million tons of carbon dioxide equivalent (tCO₂e) emissions per year.
A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, war and civil disturbance, as well as offering credit enhancement on sovereign obligations.