More Critical Than Ever — Strengthening Growth and Resilience through the Multilateral Development Banks
Brookings / Center for Global Development / ICRIER / ODI Global
Multilateral institutions
Multilateral Investment Guarantee Agency
ShareholderInternational · Developing countries
The World Bank Group's guarantee institution. UK share capital and additional UK support to MIGA-managed facilities are separate financial relationships.
- UK ownership or participation
- 4.83% of subscriptions · 30 Jun 2026
- Lead department or body
- Foreign, Commonwealth & Development Office
- UK voting rights
- 3.98% · 30 Jun 2026
- Mandate
- Guarantees and political-risk insurance supporting investment.
UK financial position
UK shareholding carrying value£80.253m31 Mar 2026
FCDO accounting valuation; distinct from trust-fund contributions.
Underlying source ↗UK capital subscriptionSDR85.65m30 Jun 2026
Nominal subscription; SDR denomination is not US dollars.
Underlying source ↗Accounting values, paid-in capital and funding commitments have different meanings and reporting dates. These figures are not added together.
Ownership and accountability
FCDO manages the UK financial interest. The UK has its own Executive Director office at the World Bank Group; institutional decisions are made through the multilateral boards.
Parent / group: World Bank Group; each entity has a separate UK financial relationship
Research hub
8 publications relevant to MIGA · Institution-specific research shown first
MDB Joint Methodologies for Measuring Mobilisation and Private Finance for Development
MDB Task Force on Mobilization / EDFI
A Rule for Private Sector Subsidies — Additionality and Competitive Allocation at the World Bank Group
Center for Global Development
News and announcements
View in News and announcements →- Development banks revise how they measure mobilisation and private finance ↗
BII, through EDFI, and UK-backed multilateral banks are covered by a new joint methodology package. It updates mobilisation rules and adds a separate generation measure for institution-backed finance; work on catalysation continues. The guides require these different indicators to remain separate. No new UK financial commitment is announced.
View in Research hub → - CGD paper proposes stronger approval tests for private-sector support ↗
Álvaro S. González proposes clearer tests of market failure, instrument effectiveness and additionality across World Bank Group financing. His analysis of selected appraisal documents concerns the case made before approval, rather than realised project outcomes.
View in Research hub → - OECD examines how shareholders can strengthen private capital mobilisation ↗
New OECD research examines mandates, risk frameworks and staff incentives across development banks and DFIs, including BII and UK-backed multilaterals. It argues that mobilisation targets need to account for additionality and harder markets.
View in Research hub → - UK sets priorities for World Bank lending, investment and guarantees ↗
The UK Governors' statement urges changes to capital adequacy assessment and greater coordination across development banks. The UK called for IFC's private-capital mobilisation to retain a focus on market-building and poorer and fragile countries. The UK Governors' statement supports expanded guarantees and welcomes the World Bank Group Guarantee Platform.
View IBRD profile → · View IFC profile → - UK confirms £20m for MIGA and £5m for EBRD Ukraine insurance ↗
A parliamentary answer confirmed funding to expand political-risk and violence insurance for investment projects in Ukraine. Treasury reported funding for a complementary war-risk insurance initiative for firms already operating in Ukraine.
View EBRD profile →