Multilateral Investment Guarantee Agency

The Multilateral Investment Guarantee Agency (MIGA) is a part of the World Bank Group that helps promote economic growth by encouraging private investment in developing countries. It does this by providing political and credit risk insurance to investors and lenders, protecting them against losses caused by issues like political instability, expropriation, or changes in laws. This assurance makes it more appealing for businesses to invest in these regions, fostering job creation, infrastructure development, and economic progress while helping countries attract vital foreign investment.