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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 $6.5 billion fast-track facility to help investors and lenders tackle COVID-19.

 

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

 

Country Project Name Sector Amount
Argentina Santander Central Bank Mandatory Reserves Coverage FINCAP $500 million
Albania Alpha Bank Mandatory Reserves Coverage FINCAP €47.5 million
Panama Caja de Ahorros Loan Facility Coverage FINCAP $190 million
Banco Nacional de Panama Loan Facility Coverage FINCAP $589 million
Botswana FirstRand Central Bank Mandatory Reserves Coverage FINCAP $89.3 million
Eswatini FirstRand Central Bank Mandatory Reserves Coverage FINCAP $22.5 million
Ghana FirstRand Central Bank Mandatory Reserves Coverage FINCAP $43.7 million
Lesotho FirstRand Central Bank Mandatory Reserves Coverage FINCAP $5.7 million
Mozambique FirstRand Central Bank Mandatory Reserves Coverage FINCAP $29.9 million
Nigeria FirstRand Central Bank Mandatory Reserves Coverage FINCAP $28.2 million
Zambia FirstRand Central Bank Mandatory Reserves Coverage FINCAP $36.5 million
Bosnia & Herzegovina NLB Group Mandatory Reserves Coverage FINCAP €64.076 million
NLB Group Mandatory Reserves Coverage FINCAP €50.71 million
Kosovo NLB Group Mandatory Reserves Coverage FINCAP €44.741 million
North Macedonia NLB Group Mandatory Reserves Coverage FINCAP €90.785 million
Montenegro NLB Group Mandatory Reserves Coverage FINCAP €32.408 million
Serbia NLB Group Mandatory Reserves Coverage FINCAP €30.961 million
DRC BBOXX Rwanda, Kenya and DRC Investment Coverage MAS $48.6 million
Kenya
Rwanda
Colombia Bancoldex Lending Facility Coverage FINCAP $475 million