Multilateral Investment Guarantee Agency (MIGA) is an organization based in Washington, DC, with a goal to promote foreign direct investment into developing countries to support economic growth. They provide political risk insurance and credit enhancement for cross-border private sector investors and lenders. MIGA offers different types of insurance guarantees, such as currency inconvertibility and transfer restriction, expropriation, breach of contract, non-honoring of financial obligations, and war, terrorism, and civil disturbance coverage. They also work on various projects globally that aim to reduce poverty, improve people's lives, and facilitate trade in MIGA member countries.
MIGA's impact is focused on supporting economic growth, reducing poverty, and enhancing sustainability. They address issues like climate change, fragile and conflict-affected situations, low-income IDA countries, water, gender, and partnerships. MIGA has responded to the COVID-19 pandemic and has specific initiatives in regions like Asia and the Pacific, Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa. They work closely with investors and provide coverage for projects that protect investments against non-commercial risks, helping investors access funding sources with improved financial terms and conditions.
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