Nabil Fawaz is Sector Manager for Manufacturing, Agribusiness and Services at the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.
Fawaz has extensive experience in underwriting investment projects in emerging markets and advising clients on structuring transactions to mitigate political risks. At MIGA he has led transactions across all economic sectors including energy, oil and gas, financial markets, telecommunications, manufacturing, healthcare, agribusiness and tourism. He has helped investors manage political risks in Africa, Asia, Europe Latin America and the Middle East. Recently he led a MIGA initiative involving the mobilization of $1 billion in insurance capacity to retain and encourage foreign direct investment in the Middle East and North Africa. Since the initiative was launched in 2011, MIGA has supported new and existing investments in Egypt, Jordan, Libya, Morocco and Tunisia.
He currently: (i) oversees the MIGA Guarantee Facility, part of the World Bank Group’s Private Sector Window, a de-risking tool for issuance of political risk insurance (PRI) for projects in eligible countries where alternatives for financial support are limited; and (ii) coordinates with IFC the Risk Management Facility (RMF) which seeks to catalyze private sector investment in large-scale infrastructure and public-private partnerships (PPPs) by providing liquidity support instruments backstopping payment obligations of state-owned enterprises (SOEs) to private projects and PRI. He has also led various trust fund and blended finance initiatives supporting private sector investment in fragile and conflict-affected environments in Afghanistan, Bosnia and Herzegovina and the West Bank and Gaza. Before joining MIGA, Fawaz worked at the World Bank Group’s private sector arm, International Finance Corporation where he focused on the development of financial markets in sub-Saharan Africa.
Fawaz holds a master’s degree in international management from the American Graduate School of International Management and a bachelor’s degree from Arizona State University, with a concentration in finance.