MIGA Annual Report 2021
In FY21, MIGA issued 5.2 billion US Dollars in new guarantees across 40 projects. These projects are expected to provide 784,000 people with new or improved electricity service, create over 14,000 jobs, generate over 362 million US Dollars in taxe...
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| Language: | English |
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Washington, DC: Multilateral Investment Guarantee Agency
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/146741633011991518/Multilateral-Investment-Guarantee-Agency-MIGA-Annual-Report-2021 http://hdl.handle.net/10986/36319 |
| Summary: | In FY21, MIGA issued 5.2 billion US
Dollars in new guarantees across 40 projects. These
projects are expected to provide 784,000 people with new or
improved electricity service, create over 14,000 jobs,
generate over 362 million US Dollars in taxes for the host
countries, and enable about 1.3 billion US Dollars in loans
to businesses—critical as countries around the world work to
keep their economies afloat. Of the 40 projects supported
during FY21, 85 percent addressed at least one of the
strategic priority areas, namely, IDA-eligible countries
(lower-income), fragile and conflict affected situations
(FCS), and climate finance. As of June 2021, MIGA has also
issued 5.6 billion US Dollars of guarantees through our
COVID-19 Response Program and anticipate an expansion to
10–12 billion US Dollars over the coming years, a testament
to the countercyclical role that MIGA can play in mobilizing
private investment in the face of the pandemic. A member of
the World Bank Group, MIGA is committed to strong
development impact and promoting projects that are
economically, environmentally, and socially sustainable.
MIGA helps investors mitigate the risks of restrictions on
currency conversion and transfer, breach of contract by
governments, expropriation, and war and civil disturbance,
as well as offering credit enhancement on sovereign obligations. |
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