Publication:
MIGA Annual Report 2012

dc.contributor.authorMultilateral Investment Guarantee Agency
dc.date.accessioned2013-01-08T19:39:47Z
dc.date.available2013-01-08T19:39:47Z
dc.date.issued2012-10
dc.description.abstractIn fiscal year 2012, a total issue of $2.7 billion in guarantees for projects in Multilateral Investment Guarantee Agency's (MIGA's) developing member countries and an additional $10.6 million was issued under MIGA administered trust funds. This is another record high for new issuance by the Agency, the second consecutive year of this trend, and was marked by increased regional and sectoral diversification. Fifty-eight percent of projects guaranteed, accounting for 70 percent of the total volume of new coverage, address at least one of MIGA's four strategic priority areas. Fiscal year 2012 also marks the fifth consecutive year of record levels in the Agency's gross portfolio. MIGA issued $2.7 billion in guarantees in support of investments in developing countries. The Agency welcomed two new members, Niger and South Sudan, during the fiscal year. This report highlights MIGA's active support for these objectives in fiscal year 2012. It demonstrates the Agency's ability to deliver on its mandate to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. As the global investment environment becomes increasingly volatile, and MIGA's clients look for opportunities in frontier markets, there is greater interest in political risk-mitigation mechanisms. MIGA has positioned itself well to respond to these developments especially as a result of its stronger field presence and internal reforms over the last two years. MIGA is committed to promoting projects that promise a strong development impact and are economically, environmentally, and socially sustainable. MIGA's projects this past year demonstrate this focus in a wide range of sectors, across all regions. In fiscal year 2012 the Agency's projects in the region accounted for 24 percent of volume, twice the level of the previous year.en
dc.description.abstractEl Organismo Multilateral de Garantía de Inversiones (MIGA), proporciona seguros contra riesgos políticos o garantías contra pérdidas ocasionadas por riesgos no comerciales a fin de promover la inversión extranjera directa (IED) en los países en desarrollo. El Organismo cumple un papel significativo, catalizando inversiones extranjeras directas que respaldan el crecimiento económico, reducen la pobreza y mejoran las condiciones de vida de las personas en los lugares en que ello es más necesario. En el ejercicio de 2012 otorgó garantías para proyectos en países en desarrollo miembros de MIGA por un monto total de US$2700 millones, y US$10,6 millones adicionales por medio de fondos fiduciarios administrados por MIGA. Ello constituye otro año récord en términos de nuevas garantías otorgadas por MIGA y el segundo año consecutivo de esta tendencia. Los resultados se caracterizaron por una mayor diversificación regional y sectorial. El 58% de los proyectos garantizados por MIGA, que representan el 70% del volumen de nueva cobertura, corresponden a por lo menos uno de los cuatro ámbitos de prioridad estratégica del Organismo. El ejercicio de 2012 fue además el quinto en que se registraron, consecutivamente, niveles sin precedentes en la cartera bruta de operaciones.es
dc.description.abstractAu titre de l’exercice 2012, le volume total des garanties émises pour des projets dans les pays en développement membres de la MIGA s’élève à 2,7 milliards de dollars, et des garanties supplémentaires d’un montant de 10,6 millions de dollars sont émises par les fonds fiduciaires administrés par l’Agence. L’Agence enregistre ainsi un autre record de nouvelles émissions pour la seconde année consécutive, qui a été marquée par une diversification accrue des projets par région et par secteur. Plus de la moitié (58 %) des projets garantis par la MIGA, représentant 70 % du volume total des nouvelles garanties, couvre au moins un des quatre domaines d’action stratégique prioritaire de l’Agence. L’exercice 2012 marque également la cinquième année consécutive d’engagements bruts record pour l’Agence. La MIGA a émis 2,7 milliards de dollars de garanties à l’appui d’investissements dans le monde en développement. Elle a accueilli deux nouveaux membres — le Niger et le Soudan du Sud — durant l’exercice 2012. Le présent rapport met en lumière l’appui actif fourni par la MIGA dans ces domaines au cours de l’exercice 2012. Il montre la capacité de l’Agence à remplir sa mission de promotion de l’investissement étranger direct dans les pays en développement pour soutenir la croissance économique, la réduction de la pauvreté et l’amélioration des conditions de vie des populations. Dans un environnement mondial des investissements de plus en plus marqué par l’incertitude, et alors que les clients de la MIGA recherchent des opportunités dans des marchés pionniers, les mécanismes d’atténuation des risques politiques gagnent en importance. La MIGA est bien placée pour s’adapter à ce nouvel environnement — en particulier grâce au renforcement de sa présence sur le terrain et aux réformes internes qu’elle a engagées au cours de ces deux dernières années. La MIGA est déterminée à promouvoir des projets susceptibles d’avoir un impact considérable sur le développement et qui sont économiquement, écologiquement et socialement viables. Les projets qu’elle a financés au cours de l’exercice 2012 illustrent cette approche dans une grande diversité de secteurs et dans toutes les régions du monde.fr
dc.identifier.doi10.1596/978-0-8213-9735-0
dc.identifier.isbn978-0-8213-9735-0
dc.identifier.urihttps://hdl.handle.net/10986/12120
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAccess to financing
dc.subjectaccountability
dc.subjectaccounting
dc.subjectAdvisory Services
dc.subjectarbitration
dc.subjectAudit Committee
dc.subjectbank financing
dc.subjectbank lending
dc.subjectBanking Services
dc.subjectbusiness development
dc.subjectbusiness volume
dc.subjectCapital Adequacy
dc.subjectcapital base
dc.subjectcapital constraints
dc.subjectcapital expenditures
dc.subjectcapital injection
dc.subjectCapital Market
dc.subjectCapital Market Development
dc.subjectcapital markets
dc.subjectcapitals
dc.subjectcentral banks
dc.subjectclaimant
dc.subjectcommercial bank
dc.subjectcommercial banks
dc.subjectcommercial lender
dc.subjectcommercial lenders
dc.subjectcommodity prices
dc.subjectCommunication Technology
dc.subjectconsolidation
dc.subjectcorporate governance
dc.subjectcorporate investors
dc.subjectcorruption
dc.subjectcredit agencies
dc.subjectcredit agency
dc.subjectcredits
dc.subjectcurrency
dc.subjectcurrency risk
dc.subjectdebt
dc.subjectdebt crisis
dc.subjectdebt financing
dc.subjectdebt levels
dc.subjectdeficits
dc.subjectdemonstration effects
dc.subjectdeveloping countries
dc.subjectdeveloping country
dc.subjectDevelopment Bank
dc.subjectDevelopment Company
dc.subjectDispute Resolution
dc.subjectdiversification
dc.subjectdomestic capital
dc.subjectdomestic capital market
dc.subjectdue diligence
dc.subjecteconomic developments
dc.subjecteconomic growth
dc.subjecteconomies of scale
dc.subjectemerging markets
dc.subjectemployment
dc.subjectenabling environment
dc.subjectequity fund
dc.subjectequity funds
dc.subjectequity investment
dc.subjectequity investments
dc.subjectequity stake
dc.subjectEurobond
dc.subjectexpenditures
dc.subjectexpropriation
dc.subjectexpropriations
dc.subjectfee income
dc.subjectFinance Corporation
dc.subjectfinancial challenges
dc.subjectfinancial crises
dc.subjectfinancial crisis
dc.subjectFinancial Infrastructure
dc.subjectfinancial innovation
dc.subjectFinancial market
dc.subjectfinancial markets
dc.subjectFinancial Obligations
dc.subjectFinancial Services
dc.subjectFinancial Statements
dc.subjectfinancial support
dc.subjectfinancing Access
dc.subjectfinancing facility
dc.subjectfiscal deficits
dc.subjectforeign bank
dc.subjectforeign direct investment
dc.subjectforeign investment
dc.subjectforeign investor
dc.subjectforeign investors
dc.subjectfree loans
dc.subjectgender
dc.subjectgender equality
dc.subjectglobal economy
dc.subjectglobal investment
dc.subjectGuarantee Agency
dc.subjectGuarantee Fund
dc.subjectHolder Investor
dc.subjectholding
dc.subjectHoldings
dc.subjecthost countries
dc.subjecthost country
dc.subjecthost governments
dc.subjecthuman resources
dc.subjectinequality
dc.subjectinflation
dc.subjectInfrastructure Development
dc.subjectinfrastructure investment
dc.subjectinfrastructure investments
dc.subjectinstitutional investors
dc.subjectInsurance
dc.subjectinsurance industry
dc.subjectinsurance market
dc.subjectInternational Bank
dc.subjectInternational Development
dc.subjectInternational Finance
dc.subjectinternational financial institutions
dc.subjectinvestment banking
dc.subjectInvestment Climate
dc.subjectInvestment Income
dc.subjectinvestment plans
dc.subjectinvestment projects
dc.subjectinvestment risk
dc.subjectinvestor confidence
dc.subjectIslamic Development Bank
dc.subjectIslamic finance
dc.subjectissuance
dc.subjectjob creation
dc.subjectlender
dc.subjectlenders
dc.subjectliquidity ratio
dc.subjectliving standards
dc.subjectLLC
dc.subjectloan
dc.subjectloan facility
dc.subjectloan guarantee
dc.subjectloan portfolio
dc.subjectloan syndications
dc.subjectlocal economy
dc.subjectlocal governments
dc.subjectlow-income countries
dc.subjectMacroeconomic instability
dc.subjectmacroeconomic risk
dc.subjectmacroeconomic stability
dc.subjectmarket participants
dc.subjectmicrofinance
dc.subjectmiddle-income countries
dc.subjectMonetary Authority
dc.subjectmoney markets
dc.subjectmultilateral development banks
dc.subjectmultinational
dc.subjectnew business
dc.subjectnew markets
dc.subjectnew products
dc.subjectoperating income
dc.subjectoutreach
dc.subjectoutreach efforts
dc.subjectPartial Risk
dc.subjectpayment obligations
dc.subjectpenetration rate
dc.subjectpolitical economy
dc.subjectPolitical Risk
dc.subjectPolitical Risk Insurance
dc.subjectpolitical risks
dc.subjectpolitical stability
dc.subjectportfolio
dc.subjectprivate capital
dc.subjectprivate equity
dc.subjectprivate financing
dc.subjectPrivate Investment
dc.subjectprivate investors
dc.subjectprivate sector development
dc.subjectprivate sector lenders
dc.subjectpublic-private partnership
dc.subjectpublic-private partnerships
dc.subjectReal Estate
dc.subjectreinsurance
dc.subjectreserves
dc.subjectreturn
dc.subjectreturns
dc.subjectrisk aversion
dc.subjectrisk exposure
dc.subjectRisk Management
dc.subjectrisk mitigation
dc.subjectrisk of expropriation
dc.subjectrisk perceptions
dc.subjectrisk profile
dc.subjectrisk profiles
dc.subjectsafety nets
dc.subjectSettlement
dc.subjectshareholder
dc.subjectshareholders
dc.subjectshort-term liquidity
dc.subjectsocial responsibility
dc.subjectsocial safety nets
dc.subjectsovereign debt
dc.subjectsovereign risk
dc.subjectstart-up
dc.subjectstock markets
dc.subjectsubsidiaries
dc.subjectsubsidiary
dc.subjectsupport infrastructure
dc.subjectsustainable development
dc.subjectsustainable growth
dc.subjectswap
dc.subjectTechnical Assistance
dc.subjecttelecommunications
dc.subjectTerrorism
dc.subjecttrade finance
dc.subjecttraffic congestion
dc.subjecttranches
dc.subjecttransaction
dc.subjectTransport
dc.subjectTransportation Services
dc.subjecttreaty
dc.subjectTrust Fund
dc.subjecttrust funds
dc.subjectunderwriters
dc.subjectUnion
dc.subjectvillage
dc.subjectwithdrawal
dc.subjectworld economy
dc.titleMIGA Annual Report 2012en
dc.titleOrganismo Multilateral de Garantía de Inversiones (MIGA) informe anual de 2012 : asegurar inversiones, garantizar oportunidadeses
dc.titleL'Agence Multilatérale de Garantie des Investissements (MIGA) Rapport Annuel 2012 : Assurer les Investissements, Garantir les Opportunitésfr
dc.title.alternativeInforme anual de 2012 MIGA 2012 rapport annuel Relatório anual da MIGA de 2012es
dc.title.alternativeInforme anual de 2012 MIGA 2012 rapport annuel Relatório anual da MIGA de 2012fr
dspace.entity.typePublication
okr.date.disclosure2012-11-21
okr.date.doiregistration2025-05-02T16:22:38.175963Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Annual Report
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report73817
okr.language.supporteden
okr.language.supportedes
okr.language.supportedfr
okr.pdfurlhttp://documents.worldbank.org/curated/en/711731468323384600/pdf/NonAsciiFileName0.pdfes
okr.pdfurlhttp://documents.worldbank.org/curated/en/276221468338507868/pdf/NonAsciiFileName0.pdffr
okr.region.administrativeAfrica
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeEurope and Central Asia
okr.region.administrativeLatin America & Caribbean
okr.region.administrativeSouth Asia
okr.region.administrativeMiddle East and North Africa
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.txturlhttp://documents.worldbank.org/curated/en/711731468323384600/text/NonAsciiFileName0.txtes
okr.txturlhttp://documents.worldbank.org/curated/en/276221468338507868/text/NonAsciiFileName0.txtfr
okr.unitIndependent Evaluation Grp-MIGA (MIGIE)
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