MIGA Annual Report 2009

For Multilateral Investment Guarantee Agency (MIGA), the challenge this year has been promoting foreign direct investment (FDI) into developing countries at a time when investment flows are slumping. While many investors shied away from projects because of the difficult investment climate, those who have been doing business recognized the need for the kind of political risk guarantees MIGA provides. This year, MIGA provided $1.4 billion in guarantees for a range of projects, down from the agency's banner year of $2.1 billion in guarantees in 2008. But MIGA also experienced far fewer cancellations of existing coverage this year than in previous years. MIGA is also supporting projects to help the most vulnerable. This year, the agency entered into an innovative contract to facilitate up to $100 million of investments to small and medium-size enterprises in Sub-Saharan Africa, businesses which account for most of the continent's jobs. MIGA has also focused on internal changes. At a time of financial crisis, promoting FDI depends on moving quickly to meet the emerging needs of clients. This will enhance MIGA's operational flexibility and procedural efficiency, and should lead to more business while strengthening MIGA's position as a self-standing enterprise.

Bibliographic Details

Main Author:	Multilateral Investment Guarantee Agency
Language:	English
Published:	Washington, DC: World Bank 2009
Subjects:	ACCESS TO FUNDS, ACCESS TO INFORMATION, ACCESS TO INSURANCE, ACCOUNTING, AFFILIATES, ARBITRAL AWARD, ARBITRATION, ATM CARDS, AUDIT COMMITTEE, AVAILABILITY OF CREDIT, BANK GUARANTEE, BANK LENDING, BANKING PROJECTS, BANKING SECTOR, BANKING SERVICES, BANKING SYSTEM, BANKS, BANNER YEAR, BOND, BONDS, BUDGETING, BUSINESS DEVELOPMENT, CAPITAL FLOWS, CAPITAL MARKET, CAPITALIZATION, COMMERCIAL BANK, CORE BUSINESS, COUNTRY INVESTOR, CREDIT AGENCIES, CREDIT AGENCY, CREDIT LINES, CROSS-BORDER FINANCING, CROSS-BORDER FLOWS, CURRENCY, CUSTODY, DEBT, DEBT CAPITAL, DEBT FINANCING, DEPOSITORS, DERIVATIVES, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DEVELOPMENT BANK, DEVELOPMENT FINANCE, DISPUTE RESOLUTION, DIVESTMENT, ECONOMIC CRISIS, ECONOMIC INTEGRATION, EIB, ELECTRONIC PAYMENTS, ELIGIBLE INVESTMENTS, EMERGING ECONOMIES, EMERGING MARKET, EMERGING MARKET COUNTRY, EMERGING MARKETS, EMPLOYMENT, ENTRY POINT, ENVIRONMENTAL PRACTICES, EQUITY CAPITAL, EQUITY INVESTMENT, EXPENDITURE, EXPORT CREDIT, EXPOSURE, EXPOSURES, EXPROPRIATION, FEE INCOME, FINANCE CORPORATION, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SUPPORT, FINANCIAL SYSTEMS, FOREIGN DIRECT INVESTMENT, FOREIGN FINANCING, FOREIGN GOVERNMENT, FOREIGN GOVERNMENTS, FOREIGN INVESTMENT, FOREIGN INVESTMENT FLOWS, FOREIGN INVESTMENTS, FOREIGN INVESTOR, FOREIGN INVESTORS, GLOBAL ECONOMIC PROSPECTS, GLOBAL ECONOMY, GLOBAL INVESTMENT, GLOBAL INVESTOR, GLOBALIZATION, GROUP LENDING, HOLDER INVESTOR, HOST COUNTRIES, HOST COUNTRY, HOST GOVERNMENT, HUMAN RIGHTS, INFORMATION SERVICE, INFORMATION SERVICES, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECT, INFRASTRUCTURE PROJECTS, INSURANCE, INSURANCE INDUSTRY, INSURANCE MARKET, INSURANCE PRODUCTS, INSURER, INSURERS, INTANGIBLE, INTERNATIONAL BANK, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL FLOWS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL INVESTOR, INTERNATIONAL INVESTORS, INVESTING, INVESTMENT ACTIVITY, INVESTMENT BANK, INVESTMENT CLIMATE, INVESTMENT CLIMATES, INVESTMENT CORPORATION, INVESTMENT FLOWS, INVESTMENT FUND, INVESTMENT INCOME, INVESTMENT OPPORTUNITIES, INVESTMENT PORTFOLIOS, INVESTMENT PROJECTS, INVESTOR CONFIDENCE, INVESTOR PERCEPTIONS, ISLAMIC DEVELOPMENT BANK, ISLAMIC FINANCE, ISSUANCE, ISSUANCE OF GUARANTEES, JOB CREATION, JOINT STOCK COMPANY, JURISDICTIONS, LENDERS, LIABILITY, LIQUIDITY, LIVING STANDARDS, LLC, LOAN, LOCAL COUNCILS, LOCAL ECONOMY, LOCAL ENTERPRISES, LONG-TERM INVESTMENTS, LOW-INCOME COUNTRIES, MARKET CONDITIONS, MARKET SECURITIES, MICROFINANCE, MICROFINANCE INSTITUTIONS, MIDDLE-INCOME COUNTRIES, MUNICIPAL GOVERNMENTS, NATIONAL INVESTMENT, NEW ENTRANTS, OPERATING INCOME, OUTPUT, PAYMENT OBLIGATION, PAYMENTS SERVICE, POLITICAL RISK, POLITICAL RISK INSURANCE, POLITICAL RISKS, PORTFOLIO, PORTFOLIO INVESTMENT, POTENTIAL INVESTMENTS, POTENTIAL INVESTORS, PRIVATE BANKING, PRIVATE CAPITAL, PRIVATE EQUITY, PRIVATE INVESTMENT, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRIVATIZATIONS, PRODUCTIVE INVESTMENT, PUBLIC-PRIVATE PARTNERSHIP, RECAPITALIZATION, REINSURANCE, REINSURANCE ARRANGEMENTS, REINSURANCE CAPACITY, RISK CAPITAL, RISK MANAGEMENT, RISK PROFILE, SECURITIES, SECURITIES MARKETS, SETTLEMENT, SEWAGE, SHARE OF CAPITAL, SHAREHOLDER, SHAREHOLDERS, SMALL BUSINESS, SMALL ENTREPRENEURS, SOCIAL DEVELOPMENT, SOCIAL FUND, SOCIAL PERFORMANCE, SOVEREIGN RATING, SOVEREIGN RISK, SOVEREIGN RISK RATINGS, STATE BANK, STOCK MARKETS, SUBSIDIARIES, SUBSIDIARY, SUSTAINABLE DEVELOPMENT, TAX, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TREATY, TRUST FUND, URBANIZATION, WORLD ECONOMY,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091208015143 https://hdl.handle.net/10986/4357
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