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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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covid-19

MIGA and COVID-19

The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures have severely impacted economic activity. The World Bank Group's latest economic forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn. The impact of COVID-19 is also expected to exert downward pressure on FDI flows, whereby FDI is expected to decrease from 30 to 40 percent during 2020-2021. The impact of the crisis on emerging markets and developing economies is expected to be particularly severe.

Given these developments and MIGA’s goal of mobilizing private investment for development, the Agency’s role of supporting investment and job creation are more critical than ever. Responding to the crisis, on April 7th, MIGA launched a US$6.5 billion fast-track facility to help investors and lenders tackle COVID-19. As of December 2020, MIGA has provided US$3.7 billion for projects to mitigate the impact of the crisis in emerging markets and developing economies.

 

Client eligibility:

MIGA’s fast-track financing is available to potential clients whose projects demonstrate a clear COVID-19 related development impact. To apply for support under the facility, please contact us at: migacovid19facility@worldbank.org

 

Projects

(As of January 2021)

Country          

 

Project Name

 

Sector

 

     Guarantee     Amount        

Argentina Santander Central Bank Mandatory Reserves Coverage Financial $500 million
Albania Alpha Bank Mandatory Reserves Coverage Financial $53 million
Panama Caja de Ahorros Loan Facility Coverage Financial $163 million
Banco Nacional de Panama Loan Facility Coverage Financial $533 million
Botswana FirstRand Central Bank Mandatory Reserves Coverage Financial $81 million
Eswatini FirstRand Central Bank Mandatory Reserves Coverage Financial $20 million
Ghana FirstRand Central Bank Mandatory Reserves Coverage Financial $40 million
Lesotho FirstRand Central Bank Mandatory Reserves Coverage Financial $5 million
Mozambique FirstRand Central Bank Mandatory Reserves Coverage Financial $30 million
Nigeria FirstRand Central Bank Mandatory Reserves Coverage Financial $26 million
Zambia FirstRand Central Bank Mandatory Reserves Coverage Financial $33 million
Bosnia & Herzegovina NLB Group Mandatory Reserves Coverage Financial $340 million
NLB Group Mandatory Reserves Coverage
Kosovo NLB Group Mandatory Reserves Coverage
North Macedonia NLB Group Mandatory Reserves Coverage
Montenegro NLB Group Mandatory Reserves Coverage
Serbia NLB Group Mandatory Reserves Coverage
Colombia Bancoldex Lending Facility Coverage Financial $385 million
Multiple Countries Eastern and Southern African Trade and Development Bank (TDB) Financial $405 million
Mexico Bancomext Emergency Liquidity and Working Capital Programs Financial $675 million
Albania ProCredit Mandatory Reserves Coverage Financial $14 million
Bosnia & Herzegovina ProCredit Mandatory Reserves Coverage Financial $22 million
Georgia ProCredit Mandatory Reserves Coverage Financial $58 million
Kosovo ProCredit Mandatory Reserves Coverage Financial $41 million
Moldova ProCredit Mandatory Reserves Coverage Financial $23 million
North Macedonia ProCredit Mandatory Reserves Coverage Financial $30 million
Serbia ProCredit Mandatory Reserves Coverage Financial $58 million
Ukraine ProCredit Mandatory Reserves Coverage Financial $21 million
Paraguay Banco Nacional de Fomento Financial $101 million
Indonesia PT Perusahaan Listrik Negara (Persero) Infrastructure $522 million