This meso evaluation provides the first assessment of MIGA’s 10-year experience with its Non-Honoring of Sovereign, Sub-sovereign and State-Owned Enterprises Financial Obligation insurance products and the extent to which they helped MIGA enhance its additionality, development impact, and achieve its strategic objectives.
This evaluation reviews the WBG’s experience with guarantee instruments during 1990–2007. Although these instruments have been an established product line of the WBG for two decades, they have not been rigorously evaluated across the World Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee
Agency (MIGA).
The WBG is supportive of an open, rules-based, predictable multilateral trading system, and among its objectives are to help countries participate in and enjoy the benefits of such a system. Key strategies for reaching these goals are supporting trade agreements, emphasizing trade and competitiveness at the core of national development strategies, and promoting trade-related reforms through effective Aid for Trade programs.
