2013 Annual Report
Full version in English and highlights in
In fiscal year 2013, MIGA issued $2.8 billion in investment guarantees for projects in our developing member countries. At $1.5 billion, representing more than half of new business, the bulk of MIGA’s guarantees issued support investments in sub-Saharan Africa. Sixty-nine percent of new business volume this year was in complex projects in infrastructure and extractive industries, a strategic priority for the Agency. This year, 82 percent of MIGA’s new volume fell into one or more of our strategic priority areas: investments in the world's poorest countries, "South-South" investments, investments in conflict-affected countries, and investments in complex projects. MIGA also established the Conflict-Affected and Fragile Economies Facility to further deepen our support to this priority area. Read the report's introductory pages for more highlights.
MIGA has seen growing demand for its risk-mitigation products, as investors seek opportunities in more challenging environments. MIGA’s reach in countries where risk perceptions remain high continues to grow. This year, we highlight projects in Côte d’Ivoire and Nicaragua. Read the report's Development Impact section for more.
This year marked the third consecutive year of record business for MIGA and the diversity in our portfolio increased markedly. We continue to expand our geographic reach and introduce new products to respond to market demand. This year MIGA’s Board of Directors further broadened the scope of MIGA’s product offerings by authorizing the extension of our non-honoring of financial obligations cover for lending to credit-worthy state-owned enterprises. The Agency paid no claims in fiscal year 2013, but continued to effectively assist member governments and investors in resolving long-standing disputes. Read the report's Business section for more.
Click these links to view additional sections:
- Independent Evaluation Group Compliance Advisor/Ombudsman
- Management's Discussion and Analysis (FY13) and Financial Statements