Environmental and Social Fund for Africa
In January 2007, MIGA launched a trust fund to provide technical advice on environmental and social matters to foreign investors in Africa. The fund, supported by a grant from the Japanese government, is open on a case-by-case basis to investors already receiving, or being considered for MIGA guarantees for projects in Africa. The goal of the trust fund is to ensure that investments comply with MIGA’s environmental and social policies, and that investors are able to assess a project’s environmental or social impacts and receive best-practice advice on issues such as land acquisition, local community benefits, and effective consultation.
MIGA applies the same set of social and environmental performance standards as the IFC and the Equator Banks. The standards can be downloaded from MIGA's website. MIGA’s team includes environmental and social specialists with a wealth of experience in all sectors of business, as well as an extensive network of specialist consultants from within and outside the World Bank Group.