Risk is all around us, an inherent part of life. And in the world of development, there are also risks, including war, civil disturbance and expropriation.
In this episode of The Development Podcast, we take a deep dive into the work of MIGA, the Multilateral Investment Guarantee Agency – home of the new World Bank Group Guarantee Platform. Its work with the private sector gives investors the confidence to build power plants, water treatment plans, hospitals and more, unlocking much-needed capital for development. Join us as we hear from Junaid Kamal Ahmad, MIGA Vice President of Operations, and Maira Lelis, Farmer in Brazil.
[00:00] Welcome: Introducing World Bank Group's Guarantees
[03:46] Guarantees in practice: A project supporting agribusiness in Brazil
[07:01] Why guarantees matter in today's development financing landscape
[13:45] Reshaping how we approach financing for development
[18:26] The impact of development in one village
[20:56] How the Guarantee Platform leads to job creation
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The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.