2017年-世界发展银行全球_MIGA_Annual_Report_2017___Insuring_Investments_Ensuring_Opportunities_20页_2mb

2017 MIGA Annual Report Summary

Core Mission and Goals

MIGA's mission is to end extreme poverty and boost shared prosperity by promoting foreign direct investment into developing countries. This is achieved through political risk insurance and credit enhancement guarantees to attract private sector investment.

World Bank Group Overview

• In 2017, the World Bank Group committed $61.8 billion in total financing, including loans, grants, equity investments, and guarantees, to partner countries and private businesses.
• IBRD made commitments of $22.6 billion and IDA provided $19.5 billion in support for the poorest countries.
• The Private Sector Window was used to mobilize $2.5 billion in private capital for the poorest countries.
• MIGA issued $4.8 billion in guarantees, marking a record for the agency.

MIGA's Role in Development

MIGA works alongside the International Finance Corporation (IFC) to support private sector development in developing countries. The agency's efforts focus on four strategic priority areas:

• IDA countries
• Fragile and Conflict-affected States (FCS)
• Climate Change
• Innovation

Key development outcomes from MIGA-supported projects in 2017 include:

• 8.5 million people gained access to power
• 1.1 million tons of greenhouse gas emissions were avoided
• 8.7 million patients received healthcare services
• 28,000 direct, full-time jobs were supported
• $1.8 billion in medium and long-term lending for SMEs
• $328 million in locally procured goods
• $692 million in local tax revenue

Financial Highlights

Key Projects and Initiatives

• Turkey: A MIGA guarantee helped separate project and sovereign risk, enabling a €288 million corporate bond to finance a new hospital in Elazig. This bond received a Baa2 rating, surpassing Turkey's sovereign rating. The bond was also certified as "green and social."
• Ghana: MIGA and IFC supported the Sankofa Gas Project with $517 million in debt and guarantees. This project will provide 1,000 megawatts of power, displacing oil-fired generation with a cleaner alternative.
• Jordan: A 485-megawatt gas-fired power plant was supported by MIGA and IFC, increasing Jordan's power generation capacity while reducing environmental impact. MIGA provided a $215.6 million guarantee and IFC invested $75 million.

Development Effectiveness Indicator System (DEIS)

MIGA implemented the DEIS to monitor the development impact of its projects. The system measures:

• Total project financing
• Direct employment
• Taxes paid
• Value of locally procured goods
• Sector-specific indicators

The $4.8 billion issuance in FY17 is expected to support $16 billion in public and private co-investment.

Governance and Accountability

• MIGA is governed by a Council of Governors and a Board of Directors, representing 181 member countries.
• The Independent Evaluation Group (IEG) evaluates MIGA's strategies and projects to improve development results.
• The Compliance Advisor Ombudsman (CAO) serves as an independent accountability mechanism, responding to complaints and enhancing social and environmental outcomes.

Key Events

• MIGA Gender CEO Award: Helen Tarnoy, Managing Director of Aldwych International, was recognized for her role in supporting power projects in Africa, particularly the 450MW Azura-Edo power plant in Nigeria.
• Annual Meetings Panel: A panel discussion on 'De Risking in Order to Bring in Greater Private Investment' highlighted MIGA's role in reducing risk for private investors.
• Spring Meetings Panel: Focused on 'De-Risking for Private Investors', showcasing how MIGA's guarantees and EBRD's liquidity support improved bond ratings in Turkey.

Contact Information

• Keiko Honda – Executive Vice President and CEO: khonda@worldbank.org
• Sarvesh Suri – Director, Operations: ssuri1@worldbank.org
• Santiago Assalini – Director, Corporate Risk: sassalini@worldbank.org
• Aradhana Kumar-Capoor – Director and General Counsel, Legal Affairs: akumarcapoor@worldbank.org
• Muhamet Bamba Fall – Associate Director and Chief Underwriter, Operations: mfall3@worldbank.org
• Merli Margaret Baroudi – Director, Economics and Sustainability: mbaroudi@worldbank.org
• Regional Heads:
  • Jae Hyung Kwon – North Asia: jkwon@worldbank.org
  • Christopher Millward – Europe Hub: cmillward@worldbank.org
  • Timothy Histed – Singapore: thisted@worldbank.org
  • Hoda Atia Moustafa – Africa Hub: hmoustafa@worldbank.org
  • Yasumitsu Himeno – Japan: yhimeno@worldbank.org
  • Layali Abdeen – West Bank and Gaza: labdeen@worldbank.org
• Sector Heads:
  • Elena Palei – Infrastructure: epalei@worldbank.org
  • Olga Sclovscaia – Finance and Capital Markets: osclovscaia@worldbank.org
  • Nabil Fawaz – Agribusiness and General Services: nfawaz@worldbank.org
  • Marcus Williams – Energy and Extractive Industries: mwilliams5@worldbank.org
• Reinsurance Head: Marc Roex – mroex@worldbank.org
• Business Inquiries: migainquiry@worldbank.org