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World Bank's MIGA to more than double Africa guarantees to $6.4bln a year
The World Bank's Multilateral Investment Guarantee Agency plans to more than double the guarantees it provides annually in Africa to $6.4 billion over the next 3-1/2 years, aiming to mobilise $23 billion in private capital for projects ranging from food and energy security to debt swaps. MIGA has expanded its use of guarantees since the World Bank Group consolidated its guarantee operations under one umbrella nearly two years ago. [...]