AboutThe Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group and its mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
MIGA guarantees protect investments against noncommercial risks (restrictions on currency conversion and transfer, breach of contract, expropriation, and war and civil disturbance) and can help investors obtain access to funding sources with improved financial terms and conditions. The Agency derives its unique strength from the World Bank Group and from its structure as an international organization whose shareholders include most countries of the world. This enables it to provide an umbrella of deterrence against government actions that could disrupt projects and assist in the resolution of disputes between investors and governments. MIGA also adds value through its ability to offer clients extensive knowledge of emerging markets and international best practices in environmental and social sustainability.
MIGA is the largest multilateral provider of political risk insurance (PRI), and is committed to playing its full part in delivering the World Bank Group’s twin goals of ending extreme poverty and boosting shared prosperity. The Agency focuses on countries eligible for assistance from the International Development Association (the world’s poorest countries) and fragile and conflict-affected situations (FCS) as well as supporting climate finance.
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