Development Impact in FY24 | World Bank Group Guarantees

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Development Impact in FY24

MIGA’s Global Reach and Country Results

FY24 Gross Issuance

$8.2 B

Results for Selected Countries*

*Figures reflect projects signed in FY15–24

Guinea
$251M
Locally procured goods
Serbia
$1.7B
Total loans supported
ARAB REP. OF EGYPT
3,798GWh/yr
Expanded power generation
Colombia
$2.2B
Total loans supported
Cameroon
1.04MtCO2e/yr
GHG emissions avoided
South Africa
$1.4B
Taxes and fees
Nepal
$9M
People provided with new or improved electricity services

$1.9B

Latin America and the Caribbean

$2.9B

Europe and Central Asia

$449M

South Asia

$2.7B

Sub-Saharan Africa

$382M

Global/Other

mobile-money

12.2M

New subscribers to mobile money services

local-goods

$218.6M

Locally procured goods per year

goverments

$657.8M

Taxes and fees paid per year to host governments

subscribers

2.2M

New subscribers to mobile data services

co2

647,000

tCO2e/yr GHG emissions avoided

loans

$4.8B

Volume of loans supported

fundings

$9B

Total activity financing supported(public and private sources)

Measuring and Evaluating Development Impact

Assessing impact is critical for understanding the reach and results of the projects MIGA supports. From project origination to project close and beyond, MIGA implements several frameworks and tools that monitor and evaluate the development impact of MIGA-guaranteed projects.

IMPACT Framework

The Impact Measurement and Project Assessment Comparison Tool (IMPACT) assesses expected project-specific outcomes as well as beyond-the-project effects on foreign investment. The framework complements MIGA’s broader results measurement system. IMPACT has the following objectives:

Perform ex ante assessments of development impact for individual projects. 

Enable comparative analysis.

Inform project prioritization based on assessment of expected development impact. 

Align with IFC’s Anticipated Impact Measurement and Monitoring (AIMM) framework and coordinate development impact ratings for IFC-MIGA joint projects.

Follow an agile approach to integrate IMPACT efficiently with MIGA’s existing guarantee processes.

Development Effectiveness Indicator System

The Development Effectiveness Indicator System (DEIS) helps measure and track the development impact of MIGA-insured projects. Through this system, MIGA measures a common set of indicators across all projects. It also measures sector-specific indicators and puts into place a process to measure projects’ development outcomes three years from the time of contract signing. The indicators are the basis of the indicators for the new corporate Scorecard announced by the World Bank Group in FY24. The World Bank Group Scorecard tracks results across 22 indicators to provide a streamlined, clear picture of progress on all aspects of the World Bank Group’s mission.

Evaluation

Since FY12, all projects have been evaluated by MIGA and the Bank Group’s Independent Evaluation Group (IEG), an independent evaluation body. The evaluations assess the achievement of the development outcomes of MIGA-supported projects through project evaluation reports. MIGA conducts self-evaluations that are then validated by the IEG. Project evaluations are useful not only for assessing the results but also for generating lessons for future projects. MIGA actively uses evaluation findings in staff learning events.

Priority Areas