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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

Young woman bending down to tending to her outside chores
What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Video

Unlocking Liquidity in Sub-Saharan Africa Amid COVID-19

May 19, 2021
twitteremail

In August 2020, FirstRand received $235 million in MIGA guarantees to unlock liquidity across 7 African countries, including Botswana, Eswatini, Ghana, Lesotho, Mozambique, Nigeria, and Zambia.

MIGA's support will strengthen the capital positioning of each of FirstRand's subsidiaries in the host countries, and help promote asset growth in the region. It will also enable FirstRand to provide additional credit mitigation and protection as well as minimize the negative impact of Basel III capital requirements for sovereign exposures.

Most importantly, MIGA's coverage allows for deployment of the resultant capital relief to support cross-border lending, organic growth in country or facilitate any re-capitalization to meet in-country minimum regulatory capital requirements.