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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. [...]