Conflict-Affected and Fragile Economies Facility (CAFEF)
Supporting investment where fragility and conflict pose the highest barriers
Fragile and conflict-affected environments present risks that often exceed what commercial markets and standard guarantees can absorb. CAFEF provides firstloss and secondloss risk-sharing capital that enables MIGA to issue guarantees in Fragile and ConflictAffected States (FCS). By reducing risk to investable levels, the facility enables private investment in essential sectors such as energy access, agribusiness, financial services, and infrastructure—supporting stability, jobs, and long-term development.
Support for Ukraine’s Reconstruction and Economy Trust Fund (SURE TF)
Maintaining economic activity during conflict and enabling private investment for recovery
The war in Ukraine has severely disrupted private investment and trade, and sustaining private sector activity is critical to economic resilience and recovery. The SURE TF enables MIGA to continue issuing guarantees during wartime by combining donor financing with MIGA’s own risk-sharing capacity—supporting trade finance, bank lending, and select real sector investments, helping to keep capital flowing and signaling confidence in Ukraine’s economic viability.
Renewable Energy Catalyst Trust Fund (RECTF)
Accelerating private investment in renewable energy in the world’s poorest and most vulnerable markets
Renewable energy projects in emerging and frontier markets often face elevated political and regulatory risk. RECTF provides targeted risk-sharing that enables MIGA to support renewable energy generation, minigrids, transmission, and battery storage solutions, especially in IDA countries and SubSaharan Africa. Its concessional support allows MIGA to back smaller or higher-risk climate projects when political risk exceeds commercially absorbable levels.
Fund for Advancing Sustainability Trust Fund (FASTF)
Enhancing development impact and strengthening project resilience
FASTF provides targeted technical assistance and grant funding to help MIGA clients improve sustainability outcomes. It supports activities across five priority areas: climate, gender, environmental and social standards, corporate governance, and fragility. FASTF enables project sponsors to assess and address climate risks, advance gender inclusion and prevent gender-based harm, strengthen E&S practices, improve governance, transparency, and integrity standards, build capacity for operating in fragile environments.
West Bank and Gaza Investment Guarantee Trust Fund (WBGTF)
Enabling private investment in a market otherwise ineligible for World Bank Group financing
Because the West Bank and Gaza are not members of MIGA or the World Bank Group, guarantees cannot be issued there under MIGA’s standard framework. The WBGTF overcomes this constraint by fully backing MIGA-administered guarantees in the territory, enabling private investment in sectors such as energy, connectivity, agriculture, manufacturing, and supporting economic development.