About CAFEF
Established 2013, CAFEF has played a critical role in enabling private investment in Fragile and Conflict Affected States (FCS). By providing first and second loss risk sharing capacity, CAFEF allows MIGA to issue guarantees in markets where extreme fragility, conflict, and macroeconomic volatility would otherwise prevent investment.
Through this enhanced risk bearing capacity, CAFEF enables MIGA to deploy political risk insurance where commercial solutions alone are insufficient. The facility demonstrates how blended finance, combined with MIGA’s political risk expertise, can convert extreme political risk into investable opportunity.
Key Results (as of December 31, 2025)
- US$1.18 billion in MIGA guarantees issued
- US$1.12 billion in private capital mobilized
Development Impact Highlights
Under the World Bank Group Corporate Scorecard framework, CAFEF-supported investments are also expected to contribute to:
- 345,825 tCO₂e/year in greenhouse gas emissions avoided
- 4.98 million people gaining access to electricity
- 0.23 GW of renewable energy capacity enabled
- 13,957 people benefiting from strengthened food and nutrition security
- 2.97 million people benefiting from enhanced climate resilience
Together, these outcomes underscore CAFEF’s sustained contribution to essential services, economic recovery, and private sector activity in highly vulnerable settings
Supporting Partners
CAFEF is a multi-donor trust fund supported by Canada and Sweden, allowing MIGA to support private investment in essential sectors in Fragile and Conflict Affected States (FCS).