2014 Annual Report
MIGA’s new issuance of $3.2 billion underscores the Agency’s business growth and the role of the private sector in development.
The World Bank Group’s support for developing countries grew sharply over the past year as the organization focused on delivering results more quickly, increasing its relevance for its clients and partners, and bringing global solutions to local challenges.
See the World Bank Group summary for more information.
In fiscal year 2014, we issued a total of $3.2 billion in guarantees for projects in MIGA’s developing member countries. An additional $1.8 million in guarantees was issued under MIGA-administered trust funds. This year marked the fourth consecutive year of record issuance by MIGA, with 51 percent of this new issuance falling into at least one of MIGA’s priority areas. MIGA continues to be most active in the higher-risk countries and mobilizes substantial additional capacity for clients and governments by partnering with public and private insurance providers. At the end of the year, MIGA’s gross exposure was $12.4 billion.
See the Highlights section for more information.
MIGA’s mission is to support economic growth, reduce poverty, and improve people’s lives. In order to achieve this, the Agency needs a clear understanding of the development outcomes of the projects it supports. MIGA’s Development Effectiveness Indicator System (DEIS) collects a common set of indicators from clients to demonstrate results across all projects: volume of investment catalyzed, direct employment, taxes paid, and value of locally procured goods. It also measures sector-specific indicators. MIGA’s $3.2 billion issuance in fiscal year 2014 is expected to catalyze an additional $2.6 billion in public and private co-investment.
See the Development Results section for more information.