The Multilateral Investment Guarantee Agency (MIGA) – a member of the World Bank Group – has a mandate to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders.
As a multilateral institution, MIGA guarantees to protect investments against non-commercial risks and can help investors obtain access to funding sources with improved financial terms and conditions while providing an umbrella of deterrence against government actions that could disrupt projects and assist in the resolution of disputes between investors and governments. It also adds value through its extensive knowledge of emerging markets and of international best practice in environmental and social management.
MIGA aims to spur private sector investment and development by working as part of the WBG’s Maximizing Finance for Development (MFD) Approach.
MIGA joined the LTIIA as a member in June 2019 and will contribute to reinforce the Association’s expertise on Emerging markets infra investment and how best to de-risk infrastructure investments.