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MIGA Annual Report 2023

Author

Listed:
  • Multilateral Investment Guarantee Agency

Abstract

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.

Suggested Citation

  • Multilateral Investment Guarantee Agency, 2023. "MIGA Annual Report 2023," World Bank Publications - Books, The World Bank Group, number 40485.
    • Handle: RePEc:wbk:wbpubs:40485
    as

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