MIGA Annual Reports & Financial Statements

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https://hdl.handle.net/10986/2129
Multilateral Investment Guarantee Agency (MIGA), which is part of the World Bank Group, provides political risk insurance or guarantees against losses caused by noncommercial risks to facilitate foreign direct investment (FDI) in developing countries. MIGA’s mission statement is “To promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives.”

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Sustainable Development Goals: SDG 8: Decent Work and Economic Growth × Sustainable Development Goals: SDG 13: Climate Action × Subject: DEVELOPMENT IMPACT × Author: Multilateral Investment Guarantee Agency × Topic: Finance and Financial Sector Development × Document Type: Publications & Research ×

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MIGA Annual Report 2020

2020-10-02, Multilateral Investment Guarantee Agency

MIGA’s mandate is to promote cross-border private investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders. In FY20, MIGA issued nearly US$4 billion in new guarantees, helping mobilize over US$7 billion in total financing. FY20 projects will provide access to power to some 12.4 million people, procure US$4.3 million in goods locally each year, and avoid approximately 3 million tons of carbon dioxide equivalent (tCO2e) emissions per year. Of the 47 projects supported during FY20, 70 percent addressed at least one of the three strategic priority areas: IDA-eligible countries, fragile and conflict-affected situations (FCS), and climate change. Since its creation, MIGA has issued over $59 billion in guarantees across 118 developing countries.

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