This document presents MIGA’s three year strategy for the period FY18-20. Chapter 1 discusses the external environment and the World Bank Group’s response. Chapter 2 examines MIGA’s products, business model, and results of the FY15-17 strategy. Chapter 3 considers the context and objectives for MIGA’s FY18-20 strategy and the business and financial implications of the new strategy. Chapter 4 provides concluding remarks.