The primary purpose of this report is to inform about Multilateral Investment Guarantee Agency's (MIGA's) contribution to development. Section I describes MIGA's development mandate as required by the Agency's Convention and Operational Regulations, and details its progress to enhance its contribution to development. Section II provides an overview of the evolution of MIGA's evaluation program and describes its project evaluation methodology and process. Section III verifies quantitative aggregated information about projects' direct economic effects by comparing anticipated development data with actual results retrieved by MIGA staff or independent consultants during the evaluation exercise. Subsequently, the same section supplies evidence of the developmental impacts of MIGA-supported projects following a multidimensional approach that distinguishes between different types of development effects. Section IV presents three in-depth case studies: a fertilizer plant in Bangladesh, a denim facility in Pakistan, and a residential mortgage program in Argentina. These case studies served as a basis to test the evaluation framework and to identify further information needs. Finally, the appendix discusses the special case of the development impacts of financial sector investments and the rationale for the support MIGA provides to this type of investment.
|Publisher:||World Bank Publications|
|Product dimensions:||8.66(w) x 11.42(h) x (d)|