Multilateral Investment Guarantee Agency (MIGA)

The Multilateral Investment Guarantee Agency (MIGA) is a part of the World Bank Group that supports private investments in developing countries. It provides political risk insurance and credit enhancement to investors and lenders, encouraging them to invest in projects that might be considered riskier due to political instability or other challenges. By offering these guarantees, MIGA aims to promote economic development, create jobs, and foster sustainable growth in emerging markets. Essentially, it helps reduce the fears investors might have about investing abroad, making it easier and safer for businesses to fund important projects in less developed regions.