2015年-世界发展银行全球_MIGA_Annual_Report_2015_16页_2mb

报告摘要

2015 MIGA Annual Report Summary

Core Mission

MIGA's mission is to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. It focuses on providing political risk insurance and credit enhancement to investors and lenders, thereby facilitating private sector development in emerging economies.

Key Achievements and Highlights

Global Development Goals

The World Bank Group aims to end extreme poverty by 2030 and boost shared prosperity.
The "grow, invest, and insure" strategy is emphasized as a pathway to achieving these goals.
In 2015, the World Bank Group committed $60 billion in loans, grants, equity investments, and guarantees to partner countries and private businesses.

MIGA's Financial and Operational Overview

Total guarantees issued in FY2015: $2.8 billion for 40 projects.
Trust fund guarantees: $3.2 million.
Gross exposure as of June 30, 2015: $12.5 billion.
Reinsurance coverage: $4.8 billion.
New member: Bhutan joined as MIGA's 181st member.

Top Host and Investor Countries

Top 10 Host Countries (as a percentage of gross exposure):
- Turkey: 9.0%
- Serbia: 6.8%
- Côte d'Ivoire: 6.6%
- Russian Federation: 5.7%
- Vietnam: 5.3%
- Panama: 4.7%
- Croatia: 4.2%
- Angola: 3.9%
- Hungary: 3.7%
- Ukraine: 3.5%
- Grand Total: 53.4%
Top 10 Investor Countries (as a percentage of gross exposure):
- France: 17.2%
- Austria: 13.0%
- United States: 11.4%
- Germany: 8.5%
- United Kingdom: 6.1%
- Japan: 5.0%
- South Africa: 4.6%
- Greece: 4.0%
- Spain: 3.7%
- Ireland: 3.7%
- Grand Total: 77.2%

Development Impact

MIGA's 2015 guarantees are expected to catalyze an additional $9.8 billion in public and private co-investment. Key development outcomes include:

Employment: 100,325 jobs provided.
Infrastructure: 41 million tons of CO₂ equivalent emissions expected to be reduced.
Access to services: 21.8 million people provided access to power, 142 million to transport.
Education and health: 3.5 million students received educational benefits, 123 million people received health, nutrition, and population services.
Environmental and social benefits: Projects like Angola's scrap-to-steel rebar plant and Indonesia's hydropower plant contribute to sustainability and poverty reduction.

Notable Projects Supported by MIGA

Angola: $70 million guarantee supports a greenfield plant converting war scrap into steel rebar.
Brazil: $360.8 million guarantees support the São Paulo Sustainable Transport project, bridging infrastructure gaps.
Democratic Republic of Congo: $30.2 million guarantee helps expand mobile tower networks.
Indonesia: $200 million guarantee supports a hydropower plant and transmission line.
Egypt: $23.4 million guarantee backs an oil refinery project to upgrade domestic refined products.
Turkey: $209.2 million guarantees support healthcare infrastructure through public-private partnerships.

Institutions of the World Bank Group

The World Bank Group comprises five institutions:

IBRD: Lends to middle-income and creditworthy low-income countries.
IDA: Provides interest-free loans and grants to the poorest countries.
IFC: Stimulates private sector investment through loans, equity, and advisory services.
MIGA: Offers political risk insurance and credit enhancement.
ICSID: Provides international dispute resolution services.

MIGA's Strategic Focus

MIGA is most active in IDA-eligible countries (43% of guarantees in FY2015) and fragile and conflict-affected countries (15% of guarantees).
It emphasizes innovative financing and collaboration with public and private partners to enhance impact.

Financial Highlights (in $ millions)

Metric	FY2011	FY2012	FY2013	FY2014	FY2015
Net Premium Income	50.8	61.7	66.3	72.5	79.0
Investment Income	13.9	36.9	33.6	53.4	24.1
Administrative Expenses	41.1	43.9	47.1	45.6	44.9
Operating Income	9.7	17.8	19.2	26.9	34.1
Administrative Expenses / Net Premium Income Ratio	81%	71%	71%	63%	57%
Total Economic Capital (EC)	414	508	572	620	705
Shareholder's Equity	924	905	911	974	971
Operating Capital	1,099	1,125	1,178	1,262	1,312
Portfolio Gross Exposure	9,122	10,346	10,758	12,409	12,538
Total Economic Capital to Operating Capital Ratio	38%	45%	49%	49%	54%
Gross Exposure / Operating Capital Ratio	8.3	9.2	9.1	9.8	9.6

Governance and Accountability

Board of Directors: Represents 181 member countries.
Independent Evaluation Group (IEG): Assesses MIGA's strategies and projects to improve development outcomes.
Compliance Advisor Ombudsman (CAO): An independent accountability mechanism that addresses complaints related to MIGA and IFC projects.

Leadership and Contact Information

Senior Management

Keiko Honda: Executive Vice President and CEO – khonda@worldbank.org
Karin M. Finkelston: Vice President and COO – kinkelston@worldbank.org
Santiago G. Assalini: Director, Corporate Risk – sassalini@worldbank.org
Ana-Mita Betancourt: Director and General Counsel, Legal Affairs – abetancourt@worldbank.org
Edith P. Quintrell: Director, Operations – equintrell@worldbank.org
Ravi Vish: Director, Economics and Sustainability – rvish@worldbank.org