Multilateral Investment Guarantee Agency (MIGA)

MIGA is a member of the World Bank Group. Their mission is to promote foreign direct investment (FDI) into developing countries to help support economic growth, reduce poverty, and improve people's lives... Their strategy​ MIGA’s operational strategy plays to their foremost strength in the marketplace—attracting investors and private insurers into difficult operating environments. They focus on insuring investments in the areas where they can make the greatest difference Countries eligible for assistance from the International Development Association (the world’s poorest countries) Fragile and conflict-affected environments Transformational Projects – large scale and significant investments, with the potential for bringing about transformational change in the host country Energy Efficiency and Climate Change - complex energy and infrastructure projects that improve energy capacity as well as transportation projects that have a positive impact on pollution control (such as mass transport) Middle Income Countries where we can have strong impact A Council of Governors and a Board of Directors representing their member countries guide the programs and activities of MIGA. MIGA’s corporate powers are vested in the Council of Governors, which delegates most of its powers to a Board of Directors. Voting power is weighted according to the share of capital each director represents. The directors meet regularly at the World Bank Group headquarters in Washington, DC, where they review and decide on investment projects and oversee general management policies. Their people have extensive experience in political risk insurance, with backgrounds including banking and capital markets, environmental and social sustainability, project finance and sector specialties, and international law and dispute settlement. They fulfill their mission by providing political risk insurance guaran​tees to private sector investors and lenders. MIGA’s guarantees protect investments against-non-commercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. Our unique strength is derived from our standing as a member of the World Bank Group and our structure as an international organization with our shareholders including most countries of the world. Since our inception in 1988, MIGA has issued more than $28 billion in political risk insurance for projects in a wide variety of sectors, covering all regions of the world. As a multilateral development agency, MIGA only supports investments that are developmentally sound and meet high social and environmental standards. MIGA applies a comprehensive set of social andenvironmental performance standards to all projects and offers extensive expertise in working with investors to ensure compliance to these standards. MIGA offers comparative advantages in all of these areas—from our unique package of products and ability to restore the business community's confidence, to our ongoing collaboration with the public and private insurance market to increase the amount of insurance available to investors.