MIGA Annual Reports & Financial Statements
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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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Publication
2004 Annual Report
(Washington, DC: World Bank, 2004)Although a small agency, the Multilateral Investment Guarantee Agency (MIGA) has a broad mandate-to promote productive foreign direct investment (FDI) flows into developing countries. The Agency's results in fiscal 2004 were mixed. While the total amount of guarantees issued fell slightly, to $1.1 billion, a greater proportion of projects supported were in the poorer countries eligible for financing from the International Development Association (IDA). In membership, the Islamic Republic of Iran and Suriname joined MIGA, bringing the number of member countries to 164. Highlights for the year include: first guarantee coverage for investors from the Czech Republic and Poland; three water projects supported-two in China and one in Russia; 16 projects supported in conflict-affected countries; 65 technical assistance activities conducted in 29 countries, along with regional and global initiatives; new technical assistance work initiated in Afghanistan, China, Mali, Paraguay, South Africa and Tajikistan; the European Investor Outreach Program launched with co-funding from the Austrian government; and FDI Promotion Center launched. -
Publication
Annual Report 2001
(Washington, DC: World Bank, 2001)The report discusses the Multilateral Investment Guarantee Agency's (MIGA) activities for the fiscal year ended June 30, 2001. Highlights discussed in this report include: 1) country membership; 2) guarantee operations; 3) MIGA's financial statements; and, 4) technical assistance services, including strategic planning, and training, privatization, business opportunities, and information technology. It also expands on MIGA's focus in producing results, in developing investment marketing services, pioneering new insurance tools for entering new markets, and in promoting new partnerships. The guarantees program, legal and policy framework, are largely described, to finally provide a financial overview, and its financial statements. -
Publication
MIGA Annual Report 2000
(Washington, DC: World Bank, 2000)The report discusses the Multilateral Investment Guarantee Agency's (MIGA) activities for the fiscal year ended June 30, 2000. Highlights discussed in this report include: 1) country membership; 2) guarantee operations; 3) MIGA's financial statements; and, 4) technical assistance services, i.e., privatization, business opportunities, and information technology.