MIGA-administered trust fund facilities bridge that gap, allowing donors to direct capital toward guarantee coverage in fragile states, conflict-affected environments, and frontier markets where standard pricing and risk thresholds would otherwise exclude MIGA's support.
These facilities are a critical part of how MIGA extends its development mandate beyond what its core guarantee business can reach. Through these Trust Funds, donor partners help unlock investments that deliver energy access, resilient infrastructure, climate solutions, food security, jobs, and private‑sector growth across some of the most fragile and high‑risk contexts globally.
How Trust Fund Facilities Work
Donors contribute to MIGA-administered trust funds that are deployed as risk sharing and guarantee support mechanisms in designated markets or sectors. Each facility is governed by an administration agreement between MIGA and its donors, with clear parameters around eligible countries, sectors, transaction types, and reporting requirements.
MIGA administers the facility, structures the guarantee, and manages the relationship with investors, allowing donors to achieve development impact through MIGA's existing operational infrastructure and World Bank Group relationships without building separate delivery mechanisms.
Why Trust Funds Matter
In environments marked by active conflict, macroeconomic distress, institutional fragility, or in early‑stage markets, MIGA’s guarantees alone cannot fully mitigate investment risks. In these situations, concessional or first‑loss support is essential to reduce risk to investable levels.
This is where donor contributions are truly transformational. Trust Funds:
- Share risk alongside MIGA in markets otherwise inaccessible to private capital
- De-risk high‑impact projects that improve lives and expand economic opportunity
- Catalyze private investment by reducing risk to investable levels
- Demonstrate donor leadership in addressing global challenges
- Enable measurable development results supported by transparent reporting
Trust Funds multiply the impact of every donor dollar by turning high-risk opportunities into investable, scalable solutions.
Current Facilities
MIGA administers five Trust Funds, each designed to address specific development priorities and risk environments.
IDA Private Sector Window (IDA‑PSW) and MIGA
In IDA-eligible countries, political risks can at times exceed what MIGA’s guarantees can absorb on commercial terms alone. In these cases, MIGA can draw on the IDA Private Sector Window (IDA-PSW)—a World Bank Group facility that provides shared first-loss and risk-sharing support to enable private investment in IDA only and IDA gap/blend countries.
Through the MIGA Guarantee Facility (MGF) under IDA‑PSW, MIGA can expand guarantee capacity in IDA countries. This mechanism is particularly effective for large-scale infrastructure, agribusiness, manufacturing, financial sector, and PPP projects.
Who Can Contribute
MIGA's trust fund facilities are open to a range of contributors including, donor governments directing official development assistance toward private sector mobilization; philanthropic foundations seeking to catalyze private investment in underserved markets; and other institutional partners aligned with MIGA's development mandate.
Why Partner With MIGA on a Trust Fund
Contributing to a MIGA-administered trust fund offers donors a direct, operationally credible pathway to mobilize private capital in markets where it would not otherwise flow. Donors benefit from MIGA's World Bank Group infrastructure, established investor relationships, and rigorous development impact frameworks without the administrative burden of standalone facility management.
Work With Us
If your government, foundation, or institution is interested in exploring a trust fund contribution or co-financing arrangement with MIGA, we would like to hear from you. Write to us at migapartnerships [at] worldbankgroup.org (migapartnerships[at]worldbankgroup[dot]org).