Language:
English
Pages:
1 Online-Ressource
Series Statement:
2129
Keywords:
Access To Power
;
Climate Change Mitigation
;
Climate Change Mitigation and Green House Gases
;
Development Challenges
;
Environment
;
Environment and Health
;
Finance and Financial Sector Development
;
Low-Income Countries
;
Macroeconomics and Economic Growth
;
Polital Risk Mitigation
;
Private Investment
;
Record World Bank Lending
;
Sustainable Development
;
Urban Environment
;
Urban Health
Abstract:
Celebrating thirty-five years since its founding, in FY23 MIGA issued a record 6.4 billion in new guarantees across forty projects. Through these projects, the Agency remained focused on encouraging private investors to help host governments manage and mitigate political risks. In FY23, as it did during the COVID-19 pandemic, MIGA demonstrated its agility to respond to crisis, employing multiple products during the year to assist the embattled people of Ukraine following Russia's invasion. An institution of the World Bank Group, MIGA is committed to strong development impact and supporting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance. It also offers trade finance guarantees, as well as credit enhancement on obligations of sovereigns, sub-sovereigns, state-owned enterprises, and regional development banks
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