Billion-Euro Trade Platform, $9.5B in MoUs, & WBG Job Opportunities

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July 2026

MIGA and Deutsche Bank Launch EUR 1 Billion Trade Finance Guarantee Platform MIGA has partnered with Deutsche Bank AG to create a EUR 1 billion platform to increase access to trade finance in frontier and emerging markets. Under this framework, MIGA will provide guarantees to protect against the risk of non-payment in trade transactions by eligible state-owned banks. The platform focuses on trade transactions in key World Bank Group priority areas that support jobs, including IDA and FCS countries, SMEs, health, agriculture, and water. READ MORE ➜ Saudi Arabia’s PIF Signs MoUs of Up to $9.5 Billion with IFC and MIGA The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed two MoUs totaling up to $9.5 billion with IFC and MIGA. Under the agreements, a $6 billion MoU with IFC focuses on exploring co-financing opportunities for eligible projects across PIF’s portfolio. A separate $3.5 billion MoU with MIGA will explore opportunities for MIGA to provide credit-enhancement guarantees supporting the financing activities of PIF portfolio companies investing in the Middle East and North Africa. READ MORE ➜ ALSO THIS MONTH

Guarantees Back $785 Million Loan for Kazakhstan Road Rehabilitation MIGA has issued guarantees to Standard Chartered, J.P. Morgan, and Commerzbank for a $785 million loan to the Development Bank of Kazakhstan. The proceeds will be on-lent to the national road operator to finance maintenance and repair works on roads connecting major cities and border crossings, improving connectivity along the Middle Corridor and supporting an estimated 25,000 jobs a year.

World Bank Group Opens Office in Madrid The World Bank Group has opened a new office in Madrid to deepen its partnership with Spain in mobilizing private capital for emerging markets. Spain is one of MIGA’s top investor countries, with over $5 billion in guarantees backing more than 20 projects. The new office provides a single-entry point to expand this collaboration and mobilize further private capital.

MIGA Guarantees Support Sustainable Steel and Renewable Energy in Türkiye VakıfBank has secured $250 million in trade finance facilities guaranteed by MIGA, with J.P. Morgan acting as the sole funding bank. The facility, which is 95% covered by a MIGA Trade Finance Guarantee, will finance the import of recyclable steel scrap used in Electric Arc Furnaces, as well as wind turbines and related components to advance Türkiye’s energy transition.

IMPACT IN NUMBERS A debt-for-development swap is expanding access to education in Angola, helping prepare the country's youth for the jobs of the future. Backed by World Bank and MIGA guarantees, Angola is securing financing at more favorable terms to prepay higher-cost commercial debt, freeing up significant budget resources.

HOW GUARANTEES DELIVER New op-ed MIGA VP Junaid Kamal Ahmad co-authored an op-ed for Project Syndicate to make the case for how guarantee instruments can lower borrowing costs and mobilize private capital in Rwanda. New Feature Story The World Bank Group hosted the Jobs at the Center event, highlighting our unified strategy to address the upcoming challenge of 1 billion young people entering the workforce over the next 10–15 years. MIGA's Jukka Strand, Head of Project Equity and Debt, and Vincent Launay, Senior Infrastructure Finance Specialist, joined fellow WBG experts to discuss how the institution is operationalizing the jobs agenda.

OPPORTUNITIES MIGA Counsel position in Washington, DC (Deadline: August 11). WBG Pioneers Internship Program – Fall/Winter 2026 (Deadline: August 12). World Bank Group Africa #WBGFellows Program (Deadline: August 25).

PROJECTS: WHAT'S NEW SUS Samarkand Waste-to-Energy Project Metro de Santiago GCCIA Transmission Line Sidi Bouzid II Solar PV CREI South Sudan Al-Tayf Dairy and Food Products

WORKING WITH INVESTORS

World Bank Group Guarantees simplify access to financial guarantees for development projects in emerging markets. The World Bank Group guarantee platform brings together guarantee products and experts from across the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the World Bank for efficiency, simplicity, and speed.  Our comprehensive suite of guarantees is designed to mitigate risks associated with public and private sector investments in emerging markets. This platform streamlines access to all WBG guarantees, providing a central location to explore our offerings and find the right solution for your project. Clients will also have a single entry point and a streamlined due diligence process for all World Bank Group guarantee needs.   LEARN MORE

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