In fiscal year 2024 (FY24), the Multilateral Investment Guarantee Agency (MIGA) issued a record $8.2 billion in new guarantees across 40 projects. 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 FY24, 95 percent of the 40 projects supported at least one of MIGA’s strategic priority areas: Its commitment to International Development Association (IDA)–eligible countries was substantial, supporting 26 projects (65 percent of total projects supported). MIGA’s engagement in fragile and conflict-affected situations (FCS) was also notable, supporting 10 projects, representing 25 percent of the total projectssupported. And climate finance initiatives were a significant focus this year, with MIGA issuing guarantees for 30 projects (representing 75 percent of the total projects). As a result, the FY24 issuances are expected to achieve the following: Provide 2.2 million people with access to mobile internet; add 12.2 million new subscribersto mobile money services; generate $657.8 million in tax revenueper year to host governments; and avoid more than 647,000 metric tons ofcarbon dioxide (CO2) emissions annually.
Authors
- Citation
- “ Multilateral Investment Guarantee Agency . 2024 . MIGA Annual Report 2024 . © Washington, DC: Multilateral Investment Guarantee Agency . http://hdl.handle.net/10986/42345 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- MIGA Annual Reports & Financial Statements
- Identifier externaldocumentum
- 34412855
- Identifier internaldocumentum
- 34412855
- Pages
- 62
- Published in
- United States of America
- Report
- 194367
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- Multilateral Investment Guarantee Agency
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- Multilat Invest Guarantee Agency (MIGA)
- URI
- https://hdl.handle.net/10986/42345
- date disclosure
- 2024-10-31
- region geographical
- World
Files
Table of Contents
- 12.6M 2
- ABOUT MIGA 3
- BETTER BANK 12
- WORLD BANK GROUP INSTITUTIONS 14
- GLOBAL COMMITMENTS 17
- MIGA ANNUAL REPORT 18
- 8.2B 19
- MIGAS EXPECTED DEVELOPMENT IMPACT 21
- 2.2M 22
- 647000 22
- 4.8B 22
- 657.8M 22
- 218.6M 22
- 12.2M 22
- NEW WORLD BANK GROUP GUARANTEE PLATFORM 23
- HIGHLIGHTED PROJECTS 25
- BUSINESS AND OPERATIONAL 29
- BUSINESS AND OPERATIONAL REVIEW 29
- GUARANTEE PORTFOLIO EXPOSURE 30
- PRIORITY AREAS 31
- STRATEGIC PRIORITY AREAS 32
- INNOVATION 34
- REINSURANCE 37
- LEVERAGING MIGAS PARTNERSHIPS FOR GREATER DEVELOPMENT IMPACT 38
- ENVIRONMENTAL AND SOCIAL SUSTAINABILITY AT MIGA 41
- MEASURING AND EVALUATING DEVELOPMENT IMPACT 42
- INTEGRITY 43
- MIGAS FY24 CLIMATE- RELATED FINANCIAL DISCLOSURES REPORT 44
- GENDER INITIATIVES 50
- COLLABORATING WITH CLIENTS 51
- STRENGTHENING MIGAS PARTNERSHIPS TO BOOST GENDER EQUALITY 52
- GENDER LEADERSHIP AWARD 54
- GOVERNANCE 55
- MIGAS BOARD 56
- OVERSIGHT AND ACCOUNTABILITY 57
- MIGA FINANCIAL HIGHLIGHTS 58
- WHO WE ARE 59
