MIGA guarantees hit record $5.3bn in FY18

The Multilateral Investment Guarantee Agency (MIGA) issued guarantees in FY18 amounting to a record $5.3 billion, helping draw in some $17.9 billion in foreign private capital to developing countries. Almost 60% of projects MIGA covered during the period were in support of climate mitigation and adaptation. The agency also issued its first guarantees using the International Development Association's Private Sector Window, a facility designed to reduce project risk, and catalyse private sector investment in low-income and conflict-affected countries.