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MIGA programme

MIGA $6.5bn COVID-19 programme supports developing countries

The Multilateral Investment Guarantee Agency (MIGA) in financial year 2021(FY21) issued $5.6 billion in CVID-19 relief to date as part of their $6.5 billion COVID-19 Response Program. In FY21, 25% of MIGA issuances were in low-income countries and fragile settings and 26% went towards supporting climate finance.

IFC and Niger to boost access to clean power through new programme

The International Finance Corporation (IFC) and the government of Niger have announced that they will be developing up to 50MW of grid-connected solar power. The power generated will be equivalent to roughly 20% of the country’s installed capacity.

MIGA issues guarantees of up to $37.1m to AIIF3 in aid of clean power

The MIGA guarantees will support the African Infrastructure Investment Fund 3 (AIIF3's) investments in Bboxx’s central and east African subsidiaries delivering decentralisation products and services.
KenGen announces 9% profit increase in year ended 31 December 2020

MIGA issues $26m in guarantees to Escotel Mauritius’ solar investment

MIGA guarantees will support the provision of electricity to telecommunication network sites in Liberia and Sierra Leone.
solar and wind projects

Four South African renewable projects secure MIGA guarantees

The projects have secured protection against the risks of Transfer and Inconvertibility, Expropriation, Breach of Contract, and War & Civil disturbance.
renewable energy

MIGA supports Djibouti’s first utility-scale wind project

MIGA has issued guarantees to support the design, development, construction, operation, and maintenance of Djibouti’s first utility-scale wind project.
Azizo power plant

Côte d’Ivoire’s Azito power plant expansion attracts MIGA guarantees

Backed by MIGA guarantees, expansion of the Azito power plant will provide an additional 253MW by way of a new gas turbine and a new steam turbine.
power line egypt

Commercial financing for power transmission in Cambodia underway

MIGA has issued guarantees that will support the commercial financing of existing power transmission infrastructure in Cambodia’s capital, Phnom Penh.

MIGA issues guarantees for projects at Benban Solar Park in Egypt

MIGA has issued guarantees to support the operation and maintenance of six additional solar power plants at the Benban Solar Park in Egypt.

Somalia and WB Group rebuild financial relations after 30 years

The World Bank Group Board of Executive Directors has moved toward normalising its relations with the Federal Government of Somalia after thirty years.