The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty. Our mandate is to encourage foreign direct investment to developing member countries by providing non-commercial risk guarantees (that is, political risk insurance, credit enhancement products, and trade finance guarantees) to investors and lenders.
In fiscal 2025, MIGA became the home of the new World Bank Group Guarantee Platform. In its first year, the platform issued $12.3 billion in guarantees to 77 projects in 40 countries and one regional development bank. The platform brings together development experts and products from across the organization, making it easier for clients to do business with the World Bank Group.
MIGA alone issued a record $9.5 billion in new guarantees across 44 projects in fiscal 2025. Through these projects, MIGA remained focused on encouraging private investment to facilitate economic development in host countries by helping clients manage and mitigate noncommercial risks. In fiscal 2025, 75 percent of the 44 projects supported at least one of MIGA’s strategic priority areas. Its commitment to IDA–eligible countries was substantial, supporting 15 projects. MIGA’s engagement in fragile and conflict-affected situations was also notable, supporting eight projects, representing 18 percent of the total projects supported. And climate finance initiatives were a significant focus this year, with MIGA issuing guarantees for 25 projects (representing 57 percent of the total projects).
As a result, the fiscal 2025 issuances are expected to:
- Provide 1.2 million people and businesses with access to finance
- Mobilize $9.8 billion in private capital
- Strengthen food and nutrition security for 1.5 million people
- Provide 4.4 million people with access to electricity
- Avoid more than 1.7 million metric tons of carbon dioxide gas emissions annually
An institution of the World Bank Group, MIGA is committed to creating strong development impact and supporting projects that are economically, environmentally, and socially sustainable.