MIGA Annual Report 2011 : Insuring Investments, Ensuring Opportunities

The report highlights Multilateral Investment Guarantee Agency's (MIGA's) innovation, flexibility, and ability to deliver on its own modernization agenda. This year, the agency secured significant amendments to its Convention that enhances its value as a multilateral provider of political risk insurance. These amendments, approved by the Council of Governors in August, have already enabled MIGA to support projects that would not previously have been possible. In fiscal year 2011, MIGA provided $2.1 billion in new guarantee coverage a record high for the agency, and a 43 percent increase over the previous year, which indicates renewed interest in political risk-mitigation products. MIGA has shown renewed diversification and regional outreach from its support for a manufacturing plant in Iraq, to an agribusiness venture in Liberia, to a mining feasibility study in Indonesia, and to banking endeavors supporting small and medium enterprises in 14 countries. MIGA's concerted efforts to encourage foreign direct investment (FDI) into the Middle East and North Africa region have been especially important this year. This report also notes important amendments to MIGA's convention, approved by the Council of Governors, which took effect in November 2010. These historic amendments greatly enhance our ability to support clients. Now MIGA able to cover stand-alone debt and some existing investments, putting us in a better position to support investors in times of uncertainty. Clients have responded very positively to MIGA's expanded authority, which has also contributed to this year's increased business volume.

Bibliographic Details

Main Author:	Multilateral Investment Guarantee Agency
Format:	Annual Report biblioteca
Language:	English
Published:	Washington, DC: World Bank 2011
Subjects:	access to information, accountability, aggregate demand, arbitration, asset price, Audit Committee, availability of credit, balance sheets, Bank guarantee, bank loans, banking industry, banking sector, Banking Services, beneficiaries, Bond, business climate, business development, business practices, capacity building, Capital Adequacy, capital base, capital flows, capital inflows, capital markets, capital relief, Central Bank, central banks, claimant, Communication Technology, communications infrastructure, community investment, competitive market, connectivity, consolidation, Credit Agency, credit constraints, credit risk, currency, Debt, debt crises, Debt Management, deposit, developing countries, developing economies, Development Bank, Development Investment, Dispute Resolution, Economic Integration, EIB, eligible investments, emerging market, emerging markets, employment, entrepreneurship, environmental impact, environmental impacts, environmental performance, Environmental Sustainability, equipment, equity fund, equity investment, equity investments, equity investor, expenditure, Export Credit, Exposure, Exposures, expropriation, Fair Trade, fee income, Finance Corporation, financial company, financial crisis, Financial Infrastructure, financial institutions, financial markets, financial performance, financial returns, financial sector, financial services, Financial Statements, financing facility, fiscal deficits, food price, food prices, Foreign banks, foreign direct investment, foreign investment, foreign investors, global economy, globalization, government revenues, Gross Domestic Product, growth rate, growth rates, Guarantee Fund, guarantee product, guarantee products, Holder Investor, Holding, holding company, Holdings, host countries, host country, housing, housing finance, human capital, incomes, indebtedness, inflation, inflationary pressures, infrastructure investment, infrastructure projects, Insurance, insurer, insurers, interest rates, internal control, International Bank, international best practices, International Cooperation, International Court, International Development, International Finance, International Financial Institution, investing, investment activities, Investment Bank, Investment Climate, investment decision, Investment Finance, investment flows, Investment Income, investment opportunities, investment projects, investor demand, Islamic banking, Islamic finance, issuance, job creation, joint venture, jurisdiction, jurisdictions, labor market, lender, lenders, liability, liquidity, LLC, loan, local bank, local businesses, local economy, local infrastructure, local investors, low-income countries, market demand, microfinance, microfinance institutions, natural disasters, natural resource, oil prices, operating income, output, output gaps, Political Risk, Political Risk Insurance, political risks, portfolio, portfolio exposure, portfolio inflows, price volatility, private equity, private infrastructure, private investment, private sector development, private sector investors, privatization, Profitability, public finance, rate of growth, recapitalization, regulator, reinsurance, Reinsurance arrangements, Reserves, return, returns, Risk Management, risk of expropriation, risk profile, risk weighting, rural finance, savings, Settlement, share of capital, shareholder, shareholders, small businesses, social issues, social responsibility, sovereign entities, sub-national borrowers, subsidiaries, subsidiary, Sukuk, Supervisory Authority, sustainable development, sustainable growth, systemic risk, Technical Assistance, telecommunications, Trading, Traffic Congestion, transaction, transparency, transport, Treasury, treaty, Trust Fund, trust funds, underwriters, wages, water supply, withdrawal, world economy,
Online Access:	http://hdl.handle.net/10986/11851
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