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I N S U R I N G I N V E S T M E N T S  E N S U R I N G O P P O R T U N I T I E S

I N S U R I N G I N V E S T M E N T S  E N S U R I N G O P P O R T U N I T I E S. MIGA’s Role.

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I N S U R I N G I N V E S T M E N T S  E N S U R I N G O P P O R T U N I T I E S

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  1. I N S U R I N G I N V E S T M E N T S E N S U R I N G O P P O R T U N I T I E S

  2. MIGA’s Role MIGA is the entity within the World Bank Group that promotes developmentally sound foreign direct investment. It does this by providing political risk insurance (guarantees) to the private sector.

  3. Why Promote FDI? • Job creation and provision of basic infrastructure • “Freeing up” government resources for spending in basic education, etc. • But the majority of flows go to just a handful of countries—leaving the world's poorest economies largely ignored….

  4. MIGA’s Strategic Priorities Insuring investments • In IDA-eligible countries • In conflict-affected environments • In complex infrastructure projects • From one developing country to another (South-South)

  5. Risks

  6. Risks covered • Currency inconvertibility and transfer restriction • Expropriation • War and civil disturbance, including terrorism • Breach of contract

  7. Added Value for Investors MIGA guarantees can help investors • Access funding, and lower borrowing costs • Access the WBG’s collective knowledge and expertise • Establish best practice in environmental and social management • Resolve disputes by leveraging the WBG “umbrella” • Mobilize and complement insurance capacity from other public and private insurers through coinsurance and reinsurance

  8. Disclosure • Summary of Proposed Guarantee • Environmental and Social Review Summary • Environmental Impact Assessment • Project Brief

  9. $115 million guarantee hydropower in Uganda

  10. $427 million guaranteeport in Djibouti

  11. $7.3 million guarantee Moldova financial sector

  12. Working with World Bank Group • Six strategic themes • Contribution to Country Assistance/Partnership Strategy • Participation in specific projects with other Bank group entities • Specific initiatives • Environmental and social standards, information disclosure

  13. Gross Exposure2008, US$ billion 6.5 5.40 5.25 5.20 5.19 5.10 5.08 4.36 US$20 billion issued in close to 100 developing countries since 1988 2.28 1.05 0.42 0.13 2008

  14. Knowledge Agenda Lack of knowledge and information about investment environments and opportunities, and perceptions of political risk often inhibit FDI in the countries that need it the most.

  15. www.FDI.net

  16. www.pri-center.com

  17. www.miga.org

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