MIGA principally provides political risk insurance for private investors undertaking foreign direct investment.
Multilateral Investment Guarantee Agency (MIGA)
Environment
News
World Bank’s new Climate Change Action Plan fails to deliver much-needed transformative agenda
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
Accountability
News
Civil society calls for IFC and MIGA to build upon CAO reform
Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms
Accountability
News
New CAO vice president urged to fight for CAO independence
Civil society call on newly appointed CAO vice president to safeguard CAO’s independence and fight for full implementation of recent external review of IFC and MIGA accountability framework.
IFI governance
Analysis
Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.
Accountability
Analysis
IFC and MIGA must ‘walk the accountability walk’ on the road mapped by independent review
Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.
Environment
News
MIGA considering support for Guinea’s Nimba mining project in UNESCO heritage site
The Mount Nimba nature reserve has been listed as a World Heritage site since 1981 but classified as "in danger" since 1992, in part due to the threat of iron-ore mining.
IFI governance
News
Changes at the top for IFC and its accountability mechanism
IFC and CAO will undergo changes in leadership at a pivotal time for both institutions, with merit-based selection of new leaders essential.
Social services
Background
World Bank Group’s ‘Maximizing Finance for Development’ in times of Covid-19
Notes from the virtual Civil Society Policy Forum at the 2020 World Bank and IMF Annual Meetings 5 October session on the World Bank's 'Maximizing Finance for Development' and the Covid-19 response.
Knowledge
Background
The World Bank: What it is and how it operates
This Inside the Institutions provides an overview of how the Bank’s systems are designed to operate.
IFI governance
Analysis
Fears of shrinking civil society space as World Bank Staff Association calls for axing of Spring Meetings
World Bank Staff Association's call for permanent cancellation of Spring Meetings and its CSPF raises long-standing concerns about the need for improved civil society engagement by the Bank and Fund.
Finance
Analysis
COVID-19 crisis highlights urgency of reconsidering World Bank's MFD approach
Looming financial crisis has roots in Bank's privatisation, financialisation and deregulation agenda.
