Initiated in 2024, WBG Guarantees consolidates all guarantee products and experts from across the WBG institutions at Multilateral Investment Guarantee Agency (MIGA). 

• WB guarantees are provided to private lenders, for infrastructure financing, where the demand for debt funding is large, political and sovereign risks are significant, and longdated financing critical to a project’s viability.
• Previous to the launch of the platform, the WBG offered 20 guarantee solutions each with different processes, rules, and standards that impeded clients access. 

WBG GP

• Aims to boost WBG annual guarantee issuance to $20 billion by 2030.
  • The WBG issued approximately $10.3 billion in new guarantees using products from the platform in 2024. 
• Provides three types of coverages: 
  • Credit guarantees for loans to the public or private sector; 
  • Trade finance guarantees; 
  • Political risk insurance against non-commercial risks for private sector projects or public-private partnerships.

Significance

• Simplified market-friendly menu of guarantee options offering multiple options to WB clients. 
• Streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries. 
• Prioritizing high-impact projects and facilitating growth.
• Drive sustainable development and inclusive growth through innovative financing.