On October 12th MIGA celebrated its 30th year anniversary by hosting an interactive panel on Innovating to Mobilize Private Capital.
The event kicked off with a video on MIGA’s partnership with Jordan in using innovative tools to attract private capital for the energy sector. The panelists then shared their perspectives on how to draw investment into developing countries.
The panelists included: Keiko Honda, Executive Vice President and CEO, Multilateral Investment Guarantee Agency (MIGA); Kristalina Georgieva, CEO World Bank; Philippe H. Le Houérou, CEO, IFC; Bill Winters, CEO, Standard Chartered; and Ken Ofori-Atta, Minister of Finance, Ghana. The event was moderated by Christopher Bishop, managing editor of Forbes Africa.
Bill Winters spoke about the concerns that investors have and the types of instruments they need to slice the risk. Philippe and Keiko both elaborated on the Jordan case study, which showcased how the IFC and MIGA are working collaboratively with governments. Minister Ofori-Atta spoke about the political and economic landscape of Ghana and the challenges and rewards of investments in Africa. Kristalina provided views on diverse strategies to reduce barriers to finance in developing countries.
During the event, Keiko Honda reflected on 30 years of MIGA leadership and the development impacts MIGA has created.