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What is the difference between a MIGA guarantee and a World Bank guarantee?

April 26, 2017difference guarantee miga world bank

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What is the difference between a MIGA guarantee and a World Bank guarantee?

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The main difference is that the World Bank requires a counter-guarantee of the host government. For details, see http://www.worldbank.org/html/fpd/guarantees/. Although MIGA doesn’t require a counter-guarantee, it does request host country approval before issuing a guarantee.