Annual Report 2016
The 2016 annual report highlights MIGA’s aim to support economic growth, reduce poverty, and improve people’s lives.
The World Bank Group maintained strong support for developing countries 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 2016, we issued a total of $4.3 billion in guarantees. Projects spanned across all regions and sectors, with 59 percent of projects falling into at least one of MIGA's four priority areas. At the end of the year, MIGA's gross exposure was $14.2 billion, of which 45 percent was in IDA countries and 10 percent in FCS countries. Of this, $7.5 billion was ceded to our reinsurance partners.
See the Highlights section for more information.
MIGA’s aim 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 $4.3 billion issuance in fiscal year 2016 is expected to support total project financing of $27.3 billion in public and private co-investments.
See the Development Results section for more information.
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