Positions at a glance
Supporters
The Multilateral Investment Guarantee Agency (MIGA) is one of the five institutions of the World Bank Group, established in 1988 under the MIGA Convention adopted in Seoul in 1985. Its mandate, set out in Article 2 of the Convention, is to promote foreign direct investment (FDI) into developing economies to support economic growth, reduce poverty, and improve people's lives.
Opponents
By insuring investments against these risks, MIGA aims to mobilize private capital into markets that investors might otherwise consider too risky, particularly IDA-eligible countries, fragile and conflict-affected situations (FCS), and climate-related projects. It also offers dispute mediation services, drawing on its convening power as a multilateral institution to resolve disagreements between investors and host states before claims arise.
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In its FY2023 results, MIGA reported issuing a record volume of guarantees, including coverage supporting power and infrastructure investments in sub-Saharan Africa and financing for Ukraine's private sector amid the ongoing war.
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