{"id":12175,"date":"2024-10-14T15:17:04","date_gmt":"2024-10-14T12:17:04","guid":{"rendered":"https:\/\/www.atidi.africa\/atidi-and-miga-partner-to-streamline-investments-in-africa\/"},"modified":"2024-10-14T15:17:04","modified_gmt":"2024-10-14T12:17:04","slug":"atidi-and-miga-partner-to-streamline-investments-in-africa","status":"publish","type":"post","link":"https:\/\/www.atidi.africa\/ja\/atidi-and-miga-partner-to-streamline-investments-in-africa\/","title":{"rendered":"ATIDI and MIGA Partner To Streamline Investments in Africa"},"content":{"rendered":"<ul>\n<li><em>Organizations sign second three-year agreement to scale and replicate successful partnership models<\/em><\/li>\n<li><em>Agreement will set up mechanism to measure progress and results as well as joint marketing initiatives to strengthen cooperation and explore new investment opportunities <\/em><\/li>\n<\/ul>\n<p><strong>Washington, DC, USA \u2013 14 October, 2024 <\/strong>&#8211; The African Trade &amp; Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA), part of World Bank Group Guarantees, have signed a three-year partnership to accelerate foreign direct investment across Africa. This is the second agreement between the two organizations aimed at maximising development impact.<\/p>\n<p>The organizations will collaborate by leveraging ATIDI\u2019s expertise in insurance and guarantee products across the African continent and MIGA\u2019s range of guarantee solutions and guarantee expertise through the World Bank Group guarantee platform. The partnership will also seek to improve efficiency in joint project due diligence, maximising cost savings and eliminating duplication.<\/p>\n<p><strong>\u00a0<\/strong><strong>Quote from<\/strong> <strong>Manuel Moses, CEO, ATIDI<\/strong><\/p>\n<p><em>\u201cEnabling more investment to finance transformational projects is vital to Africa\u2019s sustained development. MIGA and ATIDI\u2019s de-risking solutions are essential to achieve this crucial agenda. Beyond signing of this agreement, we look forward to a dynamic collaboration with MIGA, to leverage our institutions\u2019 respective assets for the benefit of our continent.\u201d<\/em><\/p>\n<p>The agreement framework emphasizes mutual reliance, accountability, and comparability. Each party will regularly share operating standards and procedures to help identify comparable outcomes to further both organizations\u2019 development mandates.<\/p>\n<p><strong>Quote from <\/strong><strong>Hiroshi Matano, MIGA Executive Vice President<\/strong><\/p>\n<p>\u201c<em>Our partnership with ATIDI will enable us to support countries in Africa in scaling and replicating development projects, thereby accelerating prosperity<\/em>. <em>This agreement will play a significant role in helping the continent attract foreign investment for key development projects.<\/em>\u201d<\/p>\n<p>Both organizations have agreed to set up mechanisms to measure progress and results, including reports on joint projects, new products, capital mobilized, and reduced project processing times. Moreover, both parties will carry out joint marketing efforts, training, and seminars to strengthen cooperation and explore new investment opportunities in Africa.<\/p>\n<p>The strategic agreement framework underscores the commitment of MIGA and ATIDI to create a world free of poverty on a livable planet. The two organizations aim to mitigate investment risks by pooling resources, thereby accelerating sustainable economic growth in Africa.<\/p>\n<p><strong>\u00a0<\/strong><strong>About ATIDI<\/strong><\/p>\n<p>ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an \u2018A\/Stable\u2019 rating for Financial Strength and Counterparty Credit by Standard &amp; Poor\u2019s, and in 2019, ATIDI obtained an A3\/Stable rating from Moody\u2019s, which has now been upgraded to A2\/Positive.<\/p>\n<p>For more on ATIDI, visit: <a href=\"http:\/\/www.atidi.africa\"><em>www.atidi.africa<\/em><\/a><\/p>\n<p>Media registration link: <a href=\"https:\/\/www.atidi.africa\/ja\/%e3%83%a1%e3%83%87%e3%82%a3%e3%82%a2%e3%82%ad%e3%83%83%e3%83%88\/\">https:\/\/www.atidi.africa\/media-kit\/<\/a><\/p>\n<p><em>\u00a0<\/em><strong>About World Bank Group Guarantees<\/strong><\/p>\n<p>Initiated in 2024, World Bank Group Guarantees consolidates all guarantee products and experts from across the World Bank Group institutions at MIGA. It provides a simplified and comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits their needs. The platform streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries. Its goal is to boost the WBG\u2019s annual guarantee issuance to USD20 billion by 2030.<\/p>\n<p>For more information about the guarantee platform, visit: <a href=\"https:\/\/www.worldbank.org\/wbgguarantees\"><strong>https:\/\/www.worldbank.org\/wbgguarantees<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Organizations sign second thre [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970],"tags":[],"class_list":["post-12175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-970"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/comments?post=12175"}],"version-history":[{"count":0,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/posts\/12175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media\/10631"}],"wp:attachment":[{"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/media?parent=12175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/categories?post=12175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.atidi.africa\/ja\/wp-json\/wp\/v2\/tags?post=12175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}