Meet MIGA, the World Bank agency coming of age

Devex, May 16, 2018
by Sophie Edwards

WASHINGTON — Tucked away in a corner of the World Bank’s headquarters in Washington, D.C., sits the Multilateral Investment Guarantee Agency, the bank’s youngest, smallest, and least known agency. But with the bank repositioning itself as a “de-risking machine” capable of crowding-in trillions of private finance to development projects, this long-overlooked agency may finally be coming of age.

Celebrating its 30th birthday this year, the agency offers political risk insurance and guarantees to foreign private investors looking to enter emerging markets but worried about the risks. It also does what it calls “pre-claim management,” which effectively brings together private investors and government officials to solve problems before they occur.

To continue reading, click here.