Showing 13 - 24 of 161 results
Transforming Hospitality in Africa
By Subhash Ghimire Highlights MIGA’s $225 million in guarantees enabled $450 million in foreign direct investment in Sub-Saharan Africa’s hospitality sector. $205 million was deployed in IDA countries, including Cameroon, Côte d’Ivoire, Kenya, Nigeria, Rwanda, and Senegal. The project is setting a new standard in the hospitality sector across the region and paving the way for international financing.
Africa’s Largest Mini-Grid to Provide Affordable and Sustainable Electricity in DRC
By Subhash Ghimire Highlights:Over 28,000 households and businesses in eastern Democratic Republic of Congo will have access to affordable and reliable electricityThe project showcases how several parts of the World Bank Group innovated to provided guarantees to private sector clients Once completed, this will be the largest mini-grid on the continent As the largest country in Sub-Saharan Africa by area, the Democratic Republic of the Congo (DRC) is endowed with exceptional natural resources.
MIGA Plays a Significant Role in Protecting Biodiversity
To mark Biodiversity Day, MIGA sat down with Sally Johnson, a biodiversity specialist with over 30 years of experience working with governments, the private sector and NGOs, to discuss the challenges and future of halting and reversing nature loss. [MIGA] You have been involved in the biodiversity space for over 30 years.
At the Frontiers of Finance: IDA’s Private Sector Window
Amid growing political instability, an accelerating climate crisis, and rising food insecurity, we are seeing a reversal of development gains in the world’s poorest countries. The evidence points to more people falling back into extreme poverty. The resources needed to meet development goals and build resilience to climate change will require trillions of dollars of investment each year.
Banking on Women to Unleash an Economic Boom
By Subhash Ghimire MIGA has reached a milestone: $1.2 billion in lending commitments by its clients to woman-owned or -led small and medium enterprisesWomen-owned businesses are creating jobs and driving growth There is a $1.6 trillion financing gap for women entrepreneurs in low- and middle-income countriesWhen women are financially empowered, good things happen.
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MIGA and IFC Boost Foreign Direct Investment into Jordan, Iraq
By Subhash Ghimire MIGA has the largest investment exposure within the Mashreq region in Jordan MIGA and IFC are exploring expanding their engagements in infrastructure, agriculture, and renewable energy sectors in the region Government representatives stressed the need for continued support from MIGA Jordan and Iraq face complex challenges, but they have shown remarkable resilience for continued growth.