MIGA 2008 Annual Report

Multilateral Investment Guarantee Agency

No 11852 in World Bank Publications - Books from The World Bank Group

Abstract: During fiscal year 2008, the Bank Group committed $38.2 billion in loans, grants, equity investments and guarantees to its members and to private businesses in member countries, an increase of $3.9 billion (11.4 percent) from fiscal year 2007. The World Bank, comprising International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD), committed $24.7 billion in loans and grants to its member countries. IDA commitments to the world's poorest countries were $11.2 billion, five percent lower than the previous year. IBRD commitments in fiscal 2008 totaled $13.5 billion, five percent higher than the previous year. International Finance Corporation (IFC) committed $11.4 billion and mobilized an additional $4.8 billion for private sector investments in developing countries, more than 40 percent of which were in IDA eligible countries. Multilateral Investment Guarantee Agency (MIGA) issued close to $2.1 billion in guarantees in support of investments in the developing world, an increase of $730 million over 2007. Of the total, $689.6 million went to IDA-eligible countries. This year, MIGA's operating income was $55 million, compared with $49 million in FY07. The increase of $6 million was due to an increase in net premium income and investment income and a decrease in the agency's administrative expenses. FY08 net income increased by $3.4 million compared to FY07, primarily due to higher guarantee income and investment income and translation gains.

Keywords: Private; Sector; Development; Finance; and; Financial; Sector; Development; Finance; and; Financial; Sector; Development-Access; to; Finance; Finance; and; Financial; Sector; Development-Non; Bank; Financial; Institutions; Private; Sector; Development-Emerging; Markets; Finance; and; Financial; Sector; Development-Debt; Markets; Finance; and; Financial; Sector; Development-Banks; &; Banking; Reform (search for similar items in EconPapers)
Date: 2008
ISBN: 978-0-8213-7741-3
References: Add references at CitEc
Citations:

Downloads: (external link)
https://openknowledge.worldbank.org/bitstreams/3af ... 2a7f96cd3be/download (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:11852

Access Statistics for this book

More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Tal Ayalon ().