The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group. Our mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
Our guarantees protect investments against noncommercial risks 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 us to provide an umbrella of deterrence against government actions that could disrupt projects, and assist in the resolution of disputes between investors and governments. We also add value through our ability to offer clients extensive knowledge of emerging markets and of international best practice in environmental and social management.
Understanding that MIGA's impact is correlated with the size of its issuance growth, MIGA aims to continue its ambitious trajectory of expansion, targeting issuance growth of 40% between FY16 and FY20. If achieved, MIGA's FY20 issuance would be four-fold what it was ten years prior and more than double what it was in FY13, despite more than five consecutive years of declining emerging market FDI flows.