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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Topic: Environment × Topic: Finance and Financial Sector Development × Subject: LOW-INCOME COUNTRIES × Subject: SUSTAINABLE DEVELOPMENT × Document Type: Publications & Research × Document Type: Publications & Research,Publications × Author: Multilateral Investment Guarantee Agency × Has files: true × Supported Language: en ×

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    MIGA Annual Report 2023
    (Washington, DC, 2023-10-17) Multilateral Investment Guarantee Agency
    Celebrating 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.