Multilateral Investment Guarantee Agency2013-10-232013-10-232013-10-11978-1-4648-0059-7https://hdl.handle.net/10986/16194In fiscal year 2013, Multilateral Investment Guarantee Agency (MIGA) issued 2.8 billion dollars in investment guarantees for projects in our developing member countries. At 1.5 billion dollars, representing more than half of new business, the bulk of MIGA's guarantees issued support investments in Sub-Saharan Africa. Sixty-nine percent of new business volume this year was in complex projects in infrastructure and extractive industries, a strategic priority for the Agency. This year, 82 percent of MIGA's new volume fell into one or more of strategic priority areas: investments in the world's poorest countries, "South-South" investments, investments in conflict-affected countries, and investments in complex projects. MIGA also established the conflict-affected and fragile economies facility to further deepen support to this priority area.El 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 este ejercicio MIGA emitió un monto sin precedentes de US$2800 millones en garantías contra riesgos políticos, respaldando inversiones en diversos sectores y regiones. El 74% de dichas garantías se destinó a los países más pobres, receptores de asistencia de la AIF; el 54% a respaldar el desarrollo del sector privado en África al sur del Sahara, y el 41% a dar apoyo a proyectos de carácter transformador en países frágiles o afectados por conflictos. En el presente informe anual se pone de manifiesto el considerable impacto en términos de desarrollo que suscita el respaldo de MIGA, así como su capacidad para crear alianzas eficaces, tanto en la esfera externa como entre las instituciones que constituyen el Grupo del Banco Mundial.Pendant l’exercice 13, L’ Agence multilatérale de garantie des investissements (MIGA) a émis un montant total de 2,8 milliards de dollars de garanties pour des projets dans les pays en développement parmi ses membres. À cela se sont ajoutés 3,5 millions de dollars d’émissions au titre des fonds fiduciaires administrés par la MIGA. Cet exercice marque la troisième année consécutive d’émissions records par la MIGA, 82 % des nouvelles garanties émises s’inscrivant dans l’un au moins des domaines d’action stratégique prioritaire de l’ Agence. À la fin de l’exercice, la MIGA totalisait un montant d’engagements bruts de 10,8 milliards de dollars, maintenant une courbe de croissance ininterrompue depuis six ans. Il convient de noter en particulier que durant l’exercice concerné, les investissements soutenus par la MIGA ont reçu un nombre sans précédent de distinctions pour la réalisation d’opérations importantes et innovantes. L’ Agence a également obtenu l’ approbation de notre Conseil d’administration pour étendre aux entreprises d’État la couverture offerte en cas de non-respect des obligations financières. La MIGA n’a versé aucune indemnisation durant cet exercice.en-USCC BY 3.0 IGOaccess to financeaccess to financingaccountingAdvisory ServicesarbitrationAsset-backed SecuritiesAudit CommitteeBank guaranteeBanking Corporationbond issuancebusiness activitiesbusiness activitybusiness developmentbusiness performancebusiness volumecapital adequacycapital marketcapital market transactionscapital stockcarbon financeclaimantclient baseCommercial Bankcommercial lenderscommunity developmentcommunity investmentscorporate investorscorruptioncountry riskscredit agenciescredit agencycredit facilitycredit riskcreditscustomer basedebt crisisdebt financingdeveloping countriesdeveloping countrydeveloping economiesdevelopment assistancedevelopment financedevelopment finance institutionsdispute resolutiondiversificationdivestmentdue diligenceeconomic activityeconomic crisiseconomic developmentseconomic growtheconomic poweremerging economiesemerging marketsemployment opportunitiesenergy resourcesenvironmental impactsenvironmental performanceEquitiesexisting debtexpendituresexport creditexposureExposuresexpropriationextreme povertyfair tradefarmersfee incomeFinance Corporationfinancial challengesFinancial Companyfinancial crisisfinancial institutionsfinancial marketsfinancial obligationsfinancial resourcesfinancial sectorFinancial Statementsfinancing Accessfirst companyfixed assetsforeign capitalforeign direct investmentforeign investmentforeign investorforeign investorsfraudfree loansfunding sourcesglobal economyGlobal Equitiesglobal tradegovernment guaranteegovernment regulationGuarantee AgencyharmonizationHolder InvestorHoldingshost countrieshost countryhouseholdsHuman Resourcesincomesinformation technologyinfrastructure developmentinfrastructure investmentinfrastructure projectsinitial investmentInsuranceinsurance industryinsurance marketinsurersinterest rate riskinterest ratesInternational BankInternational DevelopmentInternational Financeinvestinginvestment banksInvestment ClimateInvestment CorporationInvestment Incomeinvestment opportunitiesinvestment projectsinvestor basesinvestor protectionissuancejob creationjoint venturelenderslimited liabilityliquidityLLCloanloan repaymentslocal economylong-term interestlong-term interest ratelow interest rateslow-income countriesMacroeconomic instabilitymacroeconomic stabilitymicrofinancemoney launderingMortgageMortgage-backed Securitiesmultinationalnatural resourcenew businessnew productoutputoutreachpartial riskpayment obligationspolitical economyPolitical RiskPolitical Risk Insurancepolitical riskspolitical stabilitypolitical unrestportfolioportfolio exposureprivate capitalprivate financingPrivate Investmentprivate marketprivate sector developmentprivate sector financingproduction capacitypublic-private partnershippublic-private partnershipsrecessionreinsuranceReinsurance arrangementsrenewable energyreputationreservesreturnreturnsRisk Managementrisk of expropriationrisk perceptionsrisk profilerule of lawscholarshipsSecuritiesSettlementshare of capitalshareholdersocial developmentsocial performancesocial responsibilitysocial standardssovereign bondsovereign debtsovereign defaultsovereign guaranteesupply chainsupply chainssupport for investmentsustainable business practicessustainable developmentswaptaxTechnical Assistancetechnology transfertrack recordtraditional investmenttransactiontreatyTrust Fundtrust fundsunemploymentunionvolatilitywithdrawalWorld Bank10.1596/978-1-4648-0059-7