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

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

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World Bank building

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

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Hands husking peas into a basket full of peas

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

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

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Hyundai building

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

wbg guarantee platform

World Bank Group Guarantee Platform

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  • Beginning July 1, the World Bank Group’s one-stop guarantee platform will bring together all of its guarantee products and experts.
  • The platform will help provide transparency and certainty for the World Bank Group’s clients across the guarantee process, with a better client experience.
  • Streamlining these offerings will help maximize the limited capital available for impactful development in emerging markets and developing economies.

The world is in the midst of intertwined crises, which are threatening to turn back progress on economic and sustainable development. It’s clear that things must be done differently to change course. 

In its continued efforts to work better and more efficiently with member countries and the private sector community, the World Bank Group recently announced a major overhaul of its guarantee business that will deliver simplicity, improved access, and faster execution through a new, convenient marketplace. These loan and investment guarantees can be powerful catalysts to attract private-sector investments and commercial financing, fueling economic growth and improved public services in developing countries.

Currently, the World Bank Group offers 20 guarantee solutions spread across the institution. Each comes with different processes, rules, and standards. Ultimately, this holds back their potential and impedes client access.

The overhauled approach, the first significant change in 15 years, will consist of six concrete updates:

  • Condensed Structure: Moving all of guarantee experts from across the World Bank Group under one roof, providing a seamless experience for clients and easier access to the full suite of guarantees.
  • Simplified and Comprehensive Product Menu: Compiling all World Bank Group guarantees in a single menu, allowing clients to easily identify and select the guarantee instrument that best suits their individual needs.
  • Streamlined Process: Launching a common approach for all guarantee reviews and removing redundant processes, giving transparency and certainty to our clients across our guarantee process, delivering an improved client experience.
  • Greater Accessibility: Investing in a more accessible client experience by growing our guarantee teams and training staff worldwide, providing private sector and country clients with easy access to guarantees from anywhere in the world.  
  • Scale: Applying a risk-weighted approach that focuses resources on high-impact projects and portfolios of projects, reducing duplicative risk analysis and freeing up capacity to tackle more complex challenges.
  • Innovative New Tools: Offering new and innovative guarantee products that will enable the private sector to get more involved in solving the development challenges of today.

The overhaul and one-stop-shop will be available to all World Bank Group clients on July 1, 2024.

For more information, please refer to our one pager (EN) | FR | JP | KR | SP

Remarks by Ajay Banga at the 2024 G20 Finance Ministers - Global Perspectives on Growth, Jobs, Inflation, and Financial Stability

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