2016年-世界发展银行全球_MIGA_Annual_Report_2016_16页_3mb

MIGA 2016 Annual Report Summary

Core Mission and Goals

MIGA's mission is to end extreme poverty and boost shared prosperity by promoting foreign direct investment (FDI) into developing countries. It is part of the World Bank Group (WBG), which aims to end extreme poverty by 2030 and improve prosperity among the poorest 40% of people in low- and middle-income countries.

Key Financial Highlights

• Total WBG financing in 2016: $64.2 billion, including loans, grants, equity investments, and guarantees.
• MIGA's gross issuance in 2016: $4.3 billion, a record high.
• Outstanding gross exposure: $14.2 billion, with 45% in IDA-eligible countries and 10% in fragile and conflict-affected countries.
• MIGA's net premium income in 2016: $86.4 million.
• MIGA's shareholder's equity in 2016: $989 million.
• MIGA's operating income in 2016: $38.3 million.
• Administrative expenses in 2016: $48.1 million.
• Gross exposure to operating capital ratio in 2016: 10.7.

Regional and Sectoral Breakdown

• MIGA's financing by region:

  • Middle East and North Africa: $6.3 billion
  • Latin America and the Caribbean: $11.4 billion
  • Europe and Central Asia: $10.3 billion
  • East Asia and Pacific: $11.4 billion
  • South Asia: $11.3 billion
  • Sub-Saharan Africa: $13.3 billion

• MIGA's projects by sector:

  • IDA-eligible countries: 53% of projects in 2016.
  • Fragile and Conflict-Affected (FCS) countries: 6% of projects.
  • Projects span across all regions and sectors, with 59% of projects falling into at least one of MIGA's four priority areas: IDA, FCS, climate change, and innovation.

Development Impact Highlights

MIGA supported several key projects in 2016 that had significant development impacts:

• Nigeria - Azura Edo Power Plant:

  • $492 million in guarantees.
  • 459MW capacity.
  • Expected to reach 13 million residential consumers.
  • Supports energy sector reforms and private sector investment in the gas-to-power value chain.

• Mauritania - Hotel Marhaba Renovation:

  • $2.5 million in guarantees.
  • Expected to create 115 direct jobs and 900 indirect jobs.
  • Enhances hotel services and promotes inclusive economic growth.

• Mongolia - Oyu Tolgoi Mining Project:

  • $1 billion in guarantees.
  • One of the largest underground copper mines in the world.
  • Expected to create thousands of direct jobs and generate billions in government revenue over decades.
  • Supports community development, skills transfer, and infrastructure improvement.

• Turkey - Turk Eximbank Support:

  • $616 million in guarantees (first tranche of a $1 billion package).
  • Helps Turkish SMEs access affordable financing for exports.
  • Supports economic growth and job creation in the export sector.

MIGA's Role in the World Bank Group

MIGA collaborates closely with the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), and International Finance Corporation (IFC) to achieve the WBG's development goals. It plays a vital role in facilitating FDI by offering political risk insurance and credit enhancement services.

New Initiatives in 2016

• Spring Meetings Event: MIGA hosted a panel discussion with leaders from Côte d'Ivoire, Aldwych International, and Société Générale, focusing on attracting investors to emerging markets during uncertain times.
• Gender CEO Award: Launched to recognize women leaders in the private sector and highlight their role in development. Nourah Mehyar, CEO of NAFITH Logistics, won the 2016 award for her work in modernizing the logistics network in the Middle East and creating jobs in Iraq.

Governance and Accountability

• Board of Directors: Composed of 25 directors representing 181 member countries. The Council of Governors oversees MIGA's corporate powers.
• 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 activities and promotes social and environmental accountability.

Development Effectiveness Indicator System (DEIS)

MIGA uses DEIS to measure development outcomes across all supported projects, including:

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

The $4.3 billion issuance in 2016 is expected to support $27.3 billion in public and private investments.

Contact Information

• Website: miga.org
• Address: 1818 H Street, NW, World Bank Group
• Key Contacts:
  • Keiko Honda: Executive Vice President and CEO, khonda@worldbank.org
  • Karin Finkelston: Vice President and Chief Operating Officer, kinkelston@worldbank.org
  • Santiago Assalini: Director, Corporate Risk, sassalini@worldbank.org
  • Aradhana Kumar-Capoor: Acting Director and General Counsel, Legal Affairs, akumarcapoor@worldbank.org
  • Sarvesh Suri: Director, Operations, ssuri1@worldbank.org
  • Muhamet Bamba Fall: Associate Director and Chief Underwriter, Operations, mfall3@worldbank.org
  • Dan Biller, Yasser Mohamed Ibrahim: Co-Acting Directors, Economics and Sustainability
  • Regional Heads:
    • Jae Hyung Kwon: North Asia, jkwon@worldbank.org
    • Christopher Millward: Europe, cmillward@worldbank.org
    • Timothy Histed: South and Southeast Asia, thisted@worldbank.org
    • Hoda Atia Moustafa: Africa, hmoustafa@worldbank.org
  • Sector Managers:
    • Carlo Bongianni: Infrastructure, cbongianni@worldbank.org
    • Nabil Fawaz: Agribusiness and General Services, nfawaz@worldbank.org
    • Olga Sclovscaia: Finance and Capital Markets, osclovscaia@worldbank.org
    • Marcus Williams: Energy and Extractive Industries, mwilliams5@worldbank.org
  • Reinsurance Head: Marc Roex, mroex@worldbank.org
  • Inquiries: migainquiry@worldbank.org