The World Bank headquarters in Washington, D.C. Photo by: anokarina / CC BY-SA

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.

About the author

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    Matthew Wolf

    Matthew Wolf works with Devex's Development Data team from Johannesburg in South Africa, helping improve our coverage of and insight into development work and funding around the world. He draws on work experience with Thomson Reuters in Africa, MENA and Latin America, where he helped uncover, pursue and win opportunities with local governments and donor agencies. He is interested in data-driven solutions to development challenges, results-based financing, and ICT4D.