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.
MIGA’s large dataset of guarantees dating back to 1990 is publicly available. This data can help tell the story of MIGA’s growing importance, the types of investments it guarantees, and the types of investors it works with.