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PublicationMIGA Annual Report 2023(Washington, DC, 2023-10-17) Multilateral Investment Guarantee AgencyCelebrating thirty-five years since its founding, in FY23 MIGA issued a record 6.4 billion in new guarantees across forty projects. Through these projects, the Agency remained focused on encouraging private investors to help host governments manage and mitigate political risks. In FY23, as it did during the COVID-19 pandemic, MIGA demonstrated its agility to respond to crisis, employing multiple products during the year to assist the embattled people of Ukraine following Russia’s invasion. An institution of the World Bank Group, MIGA is committed to strong development impact and supporting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance. It also offers trade finance guarantees, as well as credit enhancement on obligations of sovereigns, sub-sovereigns, state-owned enterprises, and regional development banks. PublicationMIGA Annual Report 2022(Washington, DC : Multilateral Investment Guarantee Agency, 2022-10-06) Multilateral Investment Guarantee AgencyIn FY22, Multilateral Investment Guarantee Agency (MIGA) issued 4.9 billion dollars in new guarantees across a record 54 projects. The projects focused on encouraging private investors to work with host governments by helping manage and mitigate political risks. Working with the clients and partners, the Bank supported 6.5 billion dollars in total financing (from private and public sources). Almost a third of our gross issuances supported projects in International Development Association (IDA) (lower-income) countries; 12 percent went to fragile and conflict-affected countries; and 28 percent of the total guaranteed investment of the projects supported contributed to climate finance. FY22 issuances are expected to help provide access to power to some 15 million people, support nearly 20,000 jobs, and enable 1.9 billion dollars in loans, including those for small and medium enterprises and climate-related activities. An institution of the World Bank Group, MIGA is committed to strong development impact and promotion of projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance, as well as offering credit enhancement on sovereign obligations.