WORLD BANK GROUPGUARANTEE PLATFORM
delivering simplicity and access
LAUNCH DATEJuly 1, 2024

OUR AMBITION
Mobilizing private capital for development bytripling World Bank Group annual guarantee
issuance to $20 billion or more by 2030

ABOUT THE PLATFORM
The guarantee platform, housed at MIGA, will bring
together World Bank Group guarantee products andexperts for efﬁciency, simplicity, and speed. We will
have a simpliﬁed menu of products, and public andprivate sector clients will have access to the best
guarantee solutions available from the World Bank,IFC, and MIGA. Given the different mandates of each
institution, every product will continue to be processedon the relevant institution’s balance sheet.

SIX MAJOR CHANGES
Condensed Structure
Concentrating guarantee experts under one roof inMIGA, allowing the platform to focus on the bestsolution for clients in meeting project needs anddevelopment priorities

Simpliﬁed and Comprehensive Product Menu
Compiling all World Bank Group guarantees in a
simpliﬁed market friendly menu

Streamlined Process
Streamlining the approach for guarantee reviews toremove redundant processes wherever possible

Greater Accessibility
Investing in a more accessible client experience by
growing our guarantee teams and training staff
worldwide

Scale
Applying a risk-weighted approach that
focuses resources on high-impact projects andportfolios of projects

Innovative Tools
Developing new and innovative guarantee productsthat will enable the private sector to get more involved
in solving the development challenges of today

Addressing Global Challenges
With all the guarantees in one place under a morestreamlined process, the platform will provide the best
guarantee solutions for clients to meet project needs
and development priorities while allowing the WBG todeliver with speed and efﬁciency. Such guarantees canbe deployed for the most difﬁcult challenges of today,
including for example:

energy access in Sub-Saharan Africa andIDA/FCV countries, such as throughmini-grids and off-grids;
energy transition in middle- income countries,
including through support of transmission assets;
development of the nascent carbon credits market,
including through collaboration on the Forest
Carbon Partnership Fund (FCPF), a World Bank
multi-donor fundInnovation
The platform will foster innovation through productcombinations that were not conceivable previously
when projects were evaluated by an individualinstitution. Some early ideas are:Portfolio-based investment guarantees, where,
through the guarantee platform, both commercial andnon-commercial risks could be covered.
Structured guarantee covers, where, through theguarantee platform, different sources of funds could be
used in combination to address the whole spectrum ofrisk.
Further understanding of how these structures mightwork in practice is being developed through exploring
live transaction examples.

FOCUSBACKGROUNDYour interaction with the World Bank Groupon guarantees will be easier:

Governments, multilaterals, and philanthropies
alone do not have enough resources or funds toaddress the global crises currently underway in asustainable, resilient, and inclusive way. We need toengage the private sector as development partners
to ﬁll this huge gap.

For Private Sector andCountry Clients• There will be a simpliﬁed market-friendly
menu of guarantee options to choose from.
• The platform (either directly or throughyour existing contacts) will serve as yourpoint of contact for all World Bank Groupguarantee options.
• For projects that use multiple World Bank
Group guarantee instruments, processes
will be streamlined as we remove
redundant ones.

For Our MDB Partners• The platform will be your single point ofcontact in collaborating on how guarantees
can be coupled with your existing products to
support developing countries in addressing anunparalleled set of overlapping global crises.

Understanding this need, when the World Bank
Group started the evolution process last year, private
capital enabling and mobilization was a major topic,
with an acknowledgment of the effectiveness ofguarantees. Similarly, the G20 Independent Expert
Group report on Strengthening MultilateralDevelopment Banks called for an expanded use ofguarantees to mitigate risk and catalyze privateﬁnance. And the Private Sector Investment Lab,
which was launched by the World Bank Group inJune 2023 to identify barriers and potential solutions
to private sector investment in emerging markets,
also provided speciﬁc guidance on pain points inusing our guarantee instruments.
The World Bank Group guarantee platform is a
result of our efforts to revitalize the role thatguarantees play in the development story and is apart of the overall World Bank Group effort inengaging private capital for development. Suchengagement starts at the country level where theWorld Bank provides, amongst others, thenecessary knowledge and ﬁnancial support tocreate the enabling environment for private capital
deployment. Together with, or as such environmentis developed, the private sector can better engage
our country clients, sometimes, with the support of
IFC through their advisory, and equity and debtinstruments.
The guarantee platform, housed at MIGA, will now
have the capacity to support the private sector
through guarantees from all three institutions of
the World Bank Group.

DevelopmentCommittee paper

G20 IndependentExpert Group report

For more information, please contact
Elizabeth Howton
ehowton@worldbankgroup.org

Updated as of April 2024