The following institutions of the World Bank Group—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together make up the World Bank, along with the Multilateral Investment Guarantee Agency (MIGA) and the International Finance Corporation (IFC)—seek to encourage private sector investments in their developing member countries in order to promote economic development and thereby alleviate poverty and improve people’s lives. As one of the tools to attract private investment, each institution offers guarantee products designed to mitigate certain risks, as perceived by the private sector, of investment in developing countries.

This publication summarizes key features of the guarantee products offered by each World Bank Group institution and highlights main similarities and differences among them, looking in particular to how these guarantee products may be used in support of publicprivate partnership (PPP) transactions for infrastructure projects in emerging markets.