Are MDBs Actually Implementing Reforms?
Center for Global Development
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
4 publications relevant to MIGA · Institution-specific research shown first
A Focused Assessment of the International Development Association’s Private Sector Window: An Update to the Independent Evaluation Group’s 2021 Early-Stage Assessment
World Bank Group — Independent Evaluation Group (IEG)
Boosting MDBs’ investing capacity: An Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks
G20 Capital Adequacy Frameworks Expert Panel
News and announcements
View in News and announcements →- 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 →