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Over the last six years, MIGA has doubled its portfolio, resulting in approximately 50 million people gaining access to power, and $3.9 billion in annual taxes and fees paid to host governments through MIGA-supported projects. World Bank Group Global Commitments $10.7 billion Latin America & the Caribbean $10.7

MIGA Supports Ukrainian Financial Sector Resilience with New Guarantee . January 12, 2023. Guarantee will support employment and economic activity, including through enabling of the additional lending. Read More. Press Release. MIGA Bolsters Raiffeisen Bank’s Lending in Bosnia & Herzegovina and Serbia .

The International Finance Corporation (IFC) provided more than $23 billion in financing for private sector development this past year, including $11.7 billion mobilized from investment partners. Of this, nearly $6.8 billion went to IDA countries, and more than $3.7 billion was invested in areas affected by fragility, conflict, and violence.

Agribusiness Banking Capital Markets Chemicals Construction Education Extractive Industries Financial Markets Financial Services Forestry Infrastructure Leasing Manufacturing Manufacturing and Services Mining Oil and Gas Power Renewable Energy Services Solid Waste Management Telecommunications Tourism Transportation Water & Wastewater

MIGA's ability to mobilize private capital is essential for unlocking private sector potential for addressing climate finance needs in developing countries. No one is more disproportionately affected by the risks and impacts of climate change than those in the least developed countries and emerging economies. Development inequality exacerbates ...

MIGA

This year, IFC provided about $17.7 billion in financing for private sector development, about $7.1 billion of which was mobilized from investment partners. MIGA issued $2.8 billion in political risk and credit enhancement guarantees underpinning various investments, including in much-needed infrastructure projects.

BRIC Brazil, Russian Federation, India, and China BU Berne Union ECA Export credit agency EIU Economist Intelligence Unit FDI Foreign direct investment GDP Gross domestic product ICIEC Islamic Corporation for the Insurance of Investments and Export Credit ICSID International Centre for Settlement of Investment Disputes

As the World Bank Group enters on a new phase of development set forth by the Forward Look, one which recognizes and seeks to leverage more than ever before the transformative power of markets and private capital, MIGA’s role in de-risking to promote private investment is more critical than ever before.

On December 6, 2019, MIGA agreed to issue guarantees of up to USD 84.54 million for a tenor of up to 15 years covering the risk of expropriation of the mandatory reserves held by Absa’s subsidiary in Ghana, Barclays Bank of Ghana Limited at the Central Bank of Ghana.. Absa Group, South Africa-based, is one of the largest pan-African financial institutions in terms of total assets with ...