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Gender

Gender

OUR IMPACT
Gender
MIGA is aligned with the World Bank Group’s approach to accelerating gender equality for a sustainable, resilient, and inclusive future.

On this Page Overview Our Impact Our Strategy Gender Focus in Our Projects Gender Leadership Award

Globally, women have not seen their participation in the labor force improve since 1990. And when they do get a seat at the table they aren’t paid equally. We cannot defeat poverty with half the world’s population on the sideline.

Remarks at the 2023 Annual Meetings Plenary

Ajay Banga

President, World Bank Group

Gender Equality

Gender equality is a pressing priority. Global crises—climate change, fragility, and pandemics—disproportionately impact women, girls, sexual and gender minorities, and marginalized groups. Moreover, gender-based violence (GBV) remains one of the most common human rights violations worldwide.

Addressing gender gaps and GBV requires sustained and broad-based commitment, supported by knowledge sharing, evidence-based solutions, and targeted finance and de-risking instruments.

The private sector

The private sector has a leading role to play with its ability to mobilize capital, create jobs, and deliver economic opportunities. MIGA’s commitment to advancing gender equality is anchored in a strong private sector business case.

Private Sector Value

Narrowing gaps between women and men can pay big dividends at the country, community, and corporate levels.

Historically, women have been underrepresented in most industry roles, from board-level leadership positions to skilled employees to owners of small and medium enterprises (SMEs). By embracing the business case for engaging with women more intentionally, companies unlock opportunities, develop new markets, and increase profits and innovation.

Narrowing gaps between women and men can also reduce income inequality and improve the variety of goods a country produces and exports, boosting economic growth and private sector business opportunities.

MIGA is committed to leveraging its guarantee products to advance economic opportunities and leadership for women. From political risk insurance to credit enhancements, we help clients not only include women in the economy but enable them to lead.

Ed Mountfield

Vice President and Chief Financial Officer, MIGA

MIGA is aligned with the World Bank Group’s approach to accelerating gender equality for a sustainable, resilient, and inclusive future.

MIGA's vision

MIGA's vision is to integrate gender across its operations and support clients in implementing strategic gender actions. Our client engagement focuses on advancing equal access to quality employment, supporting entrepreneurship and economic participation, as well as expanding care, digital inclusion, and ending gender-based violence (GBV).

Gender-based violence

Gender-based violence (GBV) risk considerations are integrated into MIGA’s environmental and social risk management processes through the application of tools to identify, assess, and monitor GBV risks across the project cycle. MIGA clients are expected to implement measures to prevent GBV and be ready to respond to reports of GBV in workplaces and communities to enable a safe and inclusive environment.

Read the Joint Statement: Multilateral Development Banks United to End Violence Against Women.

Related Information

International Women’s Day: Accelerating Gender Equality

Accelerating Gender Equality for a Sustainable, Resilient, and Inclusive Future

Inclusive Insurance: Accelerating Gender Equality in Emerging markets

MIGA’s strong focus on delivering development impact requires strategic action to narrow gender gaps across five stakeholder groups where women are often underrepresented or underserved: leaders, employees, entrepreneurs, consumers, and community members.

Since 2021, MIGA has mobilized over $2.4 billion in client lending commitments to women and women-owned businesses. Moreover, adequately measuring and monitoring progress is a crucial continuous effort to assess MIGA's contributions to advancing gender equality against its objectives.

MIGA clients committed to take actions that accelerate gender equality

Banco de Comercio Exterior de Colombia S.A. (Bancóldex)

Colombia

FINCAP | FY23

Banco Nacional de Panamá

Panama

FINCAP | FY25

Agencia Financiera de Desarollo

Paraguay

FINCAP | FY22

Santander Chile

Chile

FINCAP | FY21

Raiffeisen Bank d.d. Bosna i Hercegovina (RBBH)

Bosnia

FINCAP | FY23

Nakheel

West Bank / Gaza

MAS | FY23

Fondo Mivivienda S.A.(FMV)

Peru

FINCAP | FY23

Banco BBVA Perú S.A.

Peru

FINCAP | FY25

Orange Guinée SA & Orange Finances Mobiles Guinée SA

Guinea

INFRA | FY24

Orange Cote d’Ivoire Participations

Liberia

INFRA | FY24

Kasada Hospitality Fund

Côte D'Ivoire

MAS | FY24

Banco Santander Rio S.A.

Argentina

FINCAP | FY22 & FY23

Banco BBVA Argentina S.A.

Argentina

FINCAP | FY25

ProCredit Holding

Albania, Georgia, Kosovo, North Macedonia, Moldova, Serbia, Ukraine

FINCAP | FY23

ProCredit Holding

Albania, Georgia, Kosovo, North Macedonia, Moldova, Serbia, Ukraine

FINCAP | FY23

ProCredit Holding

Albania, Georgia, Kosovo, North Macedonia, Moldova, Serbia, Ukraine

FINCAP | FY23

Konexa Solar Power

Nigeria

EEI | FY24

Engie-Equatorial Limited

Uganda

EEI | FY24

Kasada Hospitality Fund LP

Rwanda

MAS | FY24

Nuru Solar-Hybrid Mini Grids

DRC

EEI | FY24

Advanced Bank of Asia Ltd

Cambodia

FINCAP | FY22 | FY25

OCP SA - UM6P

Morocco

MAS | FY25

Tanger Med Port Complex

Morocco

INFRA | FY25

Banco do Brasil

Brazil

FINCAP | FY25

Türk Eximbank

Türkiye

FINCAP | FY25

Türkiye Garanti Bankası A.Ş.

Türkiye

FINCAP | FY25

Abu Dhabi Commercial Bank - EGYPT S.A.E

Egypt

FINCAP | FY25

West African Development Bank (Banque Ouest Africaine de Développement)

Togo

FINCAP | FY25

KOKO Networks Limited

Kenya

MAS | FY25

Gender flagged projects updated March 2025

Note project sectors: EEI = Energy and Extractive Industries, FINCAP = Finance and Capital Markets, INFRA = Infrastructure, MAS = Manufacturing, Agribusiness, Services. FY = fiscal year, July-June.

The new WBG Guarantee Platform, housed at MIGA, expands and mobilizes guarantee efforts for gender equality at scale, de-risking gender-smart solutions and integrating gender across projects. By leveraging expertise across the World Bank, IFC, and MIGA, the platform strengthens collaboration with public and private sector clients to drive impactful, sustainable gender initiatives.

MIGA at work on GenderRead examples of our clients’ commitments

MIGA achievements on gender in 2024Read more in the Annual Report

Scaling Private Sector effortsRead an example of a project collaboration between MIGA and IFC

MIGA co-developed the World Bank Group Gender Strategy 2024-2030 with the International Finance Corporation (IFC) and the World Bank. The Gender Strategy aims to accelerate gender equality and outlines the support that the World Bank Group (WBG), including MIGA, will provide to clients for a sustainable, resilient, and inclusive future, in alignment with the WBG evolution roadmap.

World Bank Group Gender Strategy 2024-2030 - Strategic Objectives

MIGA was a proud codeveloper in FY24 of the World Bank Group’s new gender strategy, and we joined the Umbrella Facility for Gender Equality and the Financial Alliance for Women, two groups that will allow MIGA to better support our clients in developing gender-smart solutions.

Read more in the Sustainability Report

Ethiopis Tafara

Vice President and Chief Risk, Legal and Sustainability Officer and Partnerships

To support the implementation of the World Bank Group Gender Strategy 2024-2030, MIGA, housing the Guarantee Platform, will use guarantees and credit enhancement products to narrow the financial inclusion gender gap and promote gender equality. MIGA leverages its unique role in development finance as a provider of political risk insurance and credit enhancement solutions to encourage clients to integrate gender in their work. MIGA's approach comprises two strategic pillars: client engagement and corporate, with partnerships used as a tool for furthering MIGA’s gender work and expanding the knowledge base on gender-related issues.

Client Engagement

MIGA’s client engagement on gender focuses on

1.Risks related to gender-based violence (GBV), and
2.Identifying opportunities to narrow gender gaps.

MIGA screens each proposed project on risks related to GBV in workplaces (sexual harassment) and in project communities (sexual exploitation and abuse).
MIGA also works with its clients to gender flag projects.

Corporate

At the corporate level, MIGA works to increase gender parity and equality as part of its diversity, equity, and inclusion (DEI) efforts. Staff are encouraged to participate in training courses, workshops, and small-group discussions on DEI, offering a platform for learning and transparent and open discussion.
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