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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 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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MIGA and COVID-19

Responding to COVID-19, MIGA launched a $6.5 billion fast-track facility to help investors and lenders tackle the crisis

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

 

 

Explore More

MIGA’s $6.5 Billion Fast-Track Facility to Help Investors & Lenders Tackle COVID-19

Slideshow: MIGA’s Response Package for COVID-19

World Bank Group and COVID-19

IFC and COVID-19