MIGA (Multilateral Investment Guarantee Agency)

MIGA (Multilateral Investment Guarantee Agency) is part of the World Bank Group that helps encourage private investment in developing countries. It offers political risk insurance and credit enhancement to investors, protecting their investments from risks like expropriation, war, or currency transfer restrictions. This assurance helps investors feel more confident to fund projects that can boost economic growth, create jobs, and improve infrastructure in emerging markets. Essentially, MIGA acts as a safety net, reducing the risks of investing in developing countries and fostering economic development worldwide.