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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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Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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About Dropdown Description

World Bank building

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

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

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

Projects Dropdown Descriptions

Hyundai building

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

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OUR IMPACT

Asia and the Pacific

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The COVID pandemic, the war in Ukraine, a structural slowdown in China, and financial tightening in the U.S. are having an impact on developing East Asia and Pacific (EAP)’s economic recovery. Growth is now projected at 5% in 2022, down from 5.4% projected in October.

For South Asia, growth prospects have weakened due to tightening financial conditions, with large downside risks in most countries given limited fiscal space and depleting reserves, underscoring the need to roll back market distortions introduced during the pandemic and address debilitating socioeconomic divides that constrain South Asia’s potential.

In FY23, MIGA issued a new guarantee for $900 million with respect to an existing mining project in Mongolia.

APAC and south asia portfolio bar chart

 

In FY21-20, MIGA supported a hydropower plant project in the Solomon Islands and an electric transmission line project in Cambodia, issuing $88.1 million in total in the EAP region. Additionally, both these projects represented the first guarantees issued by the Agency in the two countries. For South Asia, MIGA issued guarantees for $444.2 million to support two projects. The first project was a Political Risk Insurance (PRI) guarantee for $87.4 million in relation to a hydropower project in Nepal; the second project was a Non-Honoring of Financial Obligations (NHFO) guarantee for $356.8 million in relation to a fertilizer production facility in Bangladesh.

MIGA AP Infographic DEIS FY15-FY23

 

EXAMPLES OF MIGA-SUPPORTED PROJECTS IN ASIA AND THE PACIFIC

Bangladesh

In 2022, MIGA issued guarantees totaling $407 million for the acquisition and refinancing of a power plant in Bhola District in Bangladesh.

The guarantees will cover equity investments by Actis against the risk of breach of contract-arbitral award default for a period of up to 20 years. Acquisition will ensure highly efficient electricity supply, improve resilience to flooding to benefit the local community, and mobilize two international commercial lenders entering Bangladesh for the first time.

Contact Us:

         thisted@worldbank.org

         jkwon@worldbank.org

         stakahashi2@worldbank.org

         jjin1@worldbank.org

         lcheng1@worldbank.org

 

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