The increased emphasis on blended finance by development financiers is calling attention to one of the least known organizations of the World Bank Group — the Multilateral Investment Guarantee Agency, or MIGA.
Guarantees, such as the political risk guarantees provided by MIGA, are one of several instruments used to promote private sector investment in development projects. By taking on certain risks, MIGA makes socially impactful but risky investments more palatable for private sector funders and institutional investors.
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