MIGA Annual Report 2010, Volume 2

The Multilateral Investment Guarantee Agency's (MIGA's) mandate to promote foreign direct investment into developing countries to improve people's lives and create more opportunities remains more important than ever. Despite a challenging business climate, during the past year MIGA sought out and supported projects that contributed to its mission and growth. In fiscal year 2010, MIGA provided $1.5 billion in new guarantee coverage. This amount targeted a wide range of projects across all regions from bank liquidity in Serbia and Latvia to guarantees on complex port projects in Turkey, China, and Senegal. Over the past year MIGA supported investments in frontier markets, such as Sierra Leone and Ethiopia. And as was the case last year, MIGA experienced a lower-than-usual level of cancellation. MIGA also continued to support financial flows from banks to their subsidiaries in Europe and Central Asia that were harmed by the financial crisis. Beyond the financial sector, MIGA supported clients seeking political risk insurance for energy and infrastructure investments with a strong development impact. The projects that MIGA supports create jobs; provide water, electricity, and other basic services; strengthen financial systems; generate tax revenues; transfer skills and technological know-how; and help countries tap natural resources in an environmentally sustainable way. MIGA again demonstrated thought leadership in the political risk insurance arena. The report fills an information gap and underlines that investors view political risk as the most important short- and medium-term obstacle to investing in developing countries. MIGA's management continues to focus on change to increase effectiveness and improve efficiency for investors and lenders. MIGA has also worked more closely with other units of the World Bank Group to ensure the best use of the Bank Group's expertise, products, and services.

Bibliographic Details

Main Author:	Multilateral Investment Guarantee Agency
Format:	Publication biblioteca
Language:	English
Published:	Washington, DC: World Bank 2010
Subjects:	ACCESS TO FINANCING, ACCOUNTING, AFFILIATES, ARBITRATION, ASSET LIABILITY MANAGEMENT, ASSET-LIABILITY MANAGEMENT, AUDIT COMMITTEE, BALANCE SHEET, BANK LIQUIDITY, BANKING INDUSTRY, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEMS, BANKS, BEST MARKET, BORROWER, BUSINESS CLIMATE, BUSINESS DEVELOPMENT, BUSINESS OPPORTUNITIES, CAPITAL ADEQUACY, CAPITAL BASE, CAPITAL FLOWS, CAPITAL INVESTMENT, CAPITAL OUTFLOWS, CIVIL WAR, CLAIMANT, COMMODITY, COMMODITY PRICES, COMMON MARKET, COMPETITIVE TENDER, COMPUTER SYSTEM, CONNECTIVITY, CONSUMER CREDIT, CONSUMER DURABLES, COUNTRY DEVELOPMENT, CROSS-BORDER FINANCING, CROSS-BORDER FLOWS, CURRENCY, CURRENT ACCOUNT DEFICITS, CUSTOMER SERVICE, DEBT CRISIS, DEBTS, DEPOSIT, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DISPUTE RESOLUTION, DIVERSIFIED PORTFOLIO, DIVIDEND, DIVIDENDS, DOMESTIC FINANCIAL MARKETS, DUE DILIGENCE, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIC INTEGRATION, ECONOMIC STABILITY, EIB, ELIGIBLE INVESTMENTS, EMERGING MARKETS, EMERGING-MARKET, EMPLOYMENT, EQUIPMENT, EQUITY FUND, EQUITY FUNDS, EQUITY INVESTMENT, EQUITY MARKETS, EXCHANGE RATES, EXPORTERS, EXPOSURE, EXPOSURES, EXPROPRIATION, EXTERNAL FINANCING, FEE INCOME, FINANCE CORPORATION, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INFRASTRUCTURE, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STRUCTURES, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FISCAL DEFICITS, FLOW OF INVESTMENTS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, FOREIGN INVESTORS, FUND MANAGERS, GLOBAL ECONOMY, GLOBAL INVESTMENT, GLOBALIZATION, GOVERNMENT REVENUES, GROWTH RATES, HOLDER INVESTOR, HOLDING, HOLDINGS, HOST COUNTRIES, HOST COUNTRY, HUMAN RESOURCES, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE REQUIREMENT, INSTITUTIONAL INVESTORS, INSTRUMENT, INSURANCE, INSURANCE MARKET, INSURERS, INTERNATIONAL BANK, INTERNATIONAL COOPERATION, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTION, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL LAWS, INTERNATIONAL MARKETS, INVESTING, INVESTMENT BANK, INVESTMENT FLOWS, INVESTMENT FUND, INVESTMENT INCOME, INVESTMENT PROJECTS, INVESTOR CONFIDENCE, ISLAMIC FINANCE, ISSUANCE, JOB CREATION, JOINT VENTURE, LARGE CITIES, LAWS, LEASE AGREEMENTS, LENDER, LENDERS, LIABILITY, LIQUIDITY RATIO, LIVING STANDARDS, LLC, LOAN, LOAN FINANCING, LOAN PORTFOLIO, LOCAL CURRENCY, LOCAL ECONOMY, LOCAL GOVERNMENT, LOCAL MARKET, LOW-INCOME COUNTRIES, MACROECONOMIC ENVIRONMENTS, MANUFACTURING INDUSTRY, MARKET PARTICIPANTS, MARKET PRACTICES, MARKET SHARES, MATURITIES, MICROCREDIT, MICROFINANCE, MOBILE PHONE, MULTILATERAL DEVELOPMENT, NATURAL RESOURCES, NET CAPITAL, NEW ENTRANTS, NEW PRODUCTS, OPERATING INCOME, OPERATING LEASES, PARTIAL RISK, POLITICAL RISK, POLITICAL RISK INSURANCE, POLITICAL RISKS, POLITICAL UNCERTAINTIES, PORTFOLIO, PORTFOLIO EXPOSURE, POWER OUTAGES, PRIVATE BANK, PRIVATE CAPITAL, PRIVATE CAPITAL FLOWS, PRIVATE CAPITAL INFLOWS, PRIVATE EQUITY, PRIVATE INVESTMENT, PRIVATE MARKETS, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRODUCTIVITY, RAPID ECONOMIC GROWTH, RECAPITALIZATION, REGULATORY AUTHORITY, REGULATORY FRAMEWORKS, REINSURANCE, REINSURANCE ARRANGEMENTS, REMITTANCES, RENEWABLE ENERGY, RESERVE, RESERVES, RETAINED EARNINGS, RETURN, RETURNS, RISK AVERSION, RISK CAPITAL, RISK MANAGEMENT, RISK OF EXPROPRIATION, RISK WEIGHT, SETTLEMENT, SHAREHOLDER, SHAREHOLDERS, SMALL BUSINESSES, SOVEREIGN DEBT, SUBSIDIARIES, SUBSIDIARY, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, TAX, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TRANSITION COUNTRIES, TRANSPORT, TREATY, TRUST FUND, UNDERWRITER, UNDERWRITERS, WAGES, WAREHOUSES, WATER SUPPLY, WITHDRAWAL, WORKING CAPITAL,
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=000333038_20111202015233 http://hdl.handle.net/10986/4364
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