Publication: MIGA Annual Report 2022
Date
2022-10-06
ISSN
Published
2022-10-06
Author(s)
Multilateral Investment Guarantee Agency
Abstract
In 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.
Citation
“Multilateral Investment Guarantee Agency. 2022. MIGA Annual Report 2022. © Washington, DC : Multilateral Investment Guarantee Agency. http://hdl.handle.net/10986/38123 License: CC BY-NC-ND 3.0 IGO.”