The World Bank Group has announced that its Guarantee Platform, housed at the Multilateral Investment Guarantee Agency, aims to more than double its annual guarantee issuance in Africa to USD 6.4 billion by 2030. Over the next four years, the new guarantees are expected to mobilize USD 23 billion in private capital for the continent and could improve the lives of around 190 million people, with the initiative positioned as a tool to attract investment into job-rich sectors. The guarantees are intended to support agribusiness, energy and infrastructure, health care, digital, finance, and trade, including initiatives such as AgriConnect and Mission 300. The World Bank Group said the projected impact by 2030 includes providing 43 million people with access to electricity, improving financial inclusion for 50 million people and businesses, reaching 51 million people through digitally enabled services, connecting 37 million people to broadband internet, strengthening food and nutrition security for 5 million people, and expanding sustainable transport access for 3 million people. The Guarantee Platform was launched in 2024 to consolidate guarantee products and expertise across the World Bank Group at MIGA, with a broader goal of raising the group’s annual guarantee issuance to USD 20 billion by 2030.
World Bank2026-05-19
World Bank Group targets more than doubling annual Africa guarantee issuance to USD 6.4 billion by 2030
The World Bank Group’s Guarantee Platform, housed at the Multilateral Investment Guarantee Agency, plans to more than double annual guarantee issuance in Africa to USD 6.4 billion by 2030, with new guarantees over the next four years expected to mobilize USD 23 billion in private capital. Targeting agribusiness, energy and infrastructure, health care, digital, finance and trade, it is projected by 2030 to expand access to electricity, finance, digital services, broadband, food security and sustainable transport for hundreds of millions of people. Launched in 2024, the platform also aims to raise the World Bank Group’s overall annual guarantee issuance to USD 20 billion by 2030.