FY24 MIGA Budget - Public Disclosure - July 17, 2023

Jul 19, 2026

FY24 MIGA Budget presents administrative and capital budget requests for Board of Directors approval, supported by the strategic directions articulated in the agency’s Strategy and Business Outlook. The document outlines executive summary recommendations, strategic context and business outlook, the FY24 budgeting process, global footprint, and the operational model driving financial sustainability and cost efficiency. It details administrative and capital budget components, includes cost-of-doing-business analysis, and addresses budget-related risks and uncertainties.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages23

Reading Time58 min

INTRODUCTION AND EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

FY24 BUDGET RECOMMENDATIONS

STRATEGIC CONTEXT AND BUSINESS OUTLOOK

STRATEGIC CONTEXT

BUSINESS OUTLOOK

FY24 FOCUS AND DELIVERY

FY24 BUDGET FORMULATION

FY24 BUDGETING PROCESS

GLOBAL FOOTPRINT

FINANCIAL SUSTAINABILITY AND COST EFFICIENCY

MIGA’S OPERATIONAL MODEL

CAPITAL MANAGEMENT

ADMINISTRATIVE EXPENSES COVERAGE

COST EFFICIENCY

COST OF DOING BUSINESS ANALYSIS (CODB)

ADMINISTRATIVE BUDGET

FY24 ADMINISTRATIVE BUDGET

ALIGNING RESOURCES TO STRATEGIC PRIORITIES

FY18-23 ADMINISTRATIVE BUDGET TRAJECTORY

FY23-24 ADMINISTRATIVE BUDGET TRAJECTORY

MIGA’S TOTAL ADMINISTRATIVE RESOURCES

BUDGET FLEXIBILITY MECHANISM

CAPITAL BUDGET

INFORMATION TECHNOLOGY

BUDGET-RELATED RISKS AND UNCERTAINTIES

Public Disclosure Authorized Public Disclosure Authorized FY24 MIGA BUDGET Text for Public Disclosure July 17, 2023 1. INTRODUCTION AND EXECUTIVE SUMMARY........................................................ 6 1.1. EXECUTIVE SUMMARY ................................................................................................ 6 1.2. FY24 BUDGET RECOMMENDATIONS......................................................................... 7 2. STRATEGIC CONTEXT AND BUSINESS OUTLOOK ................................................. 8 2.1. STRATEGIC CONTEXT ................................................................................................... 8 2.2. BUSINESS OUTLOOK ..................................................................................................... 8 2.3. FY24 FOCUS AND DELIVERY ....................................................................................... 9 3. FY24 BUDGET FORMULATION .................................................................................. 10 3.1 FY24 BUDGETING PROCESS....................................................................................... 10 3.2 GLOBAL FOOTPRINT ................................................................................................... 11 4. FINANCIAL SUSTAINABILITY AND COST EFFICIENCY ...................................... 12 4.1 MIGA’S OPERATIONAL MODEL ................................................................................ 12 4.2 CAPITAL MANAGEMENT ............................................................................................ 12 4.3 ADMINISTRATIVE EXPENSES COVERAGE............................................................. 13 4.4 COST EFFICIENCY ........................................................................................................ 14 4.5 COST OF DOING BUSINESS ANALYSIS (CODB) ..................................................... 15 5. ADMINISTRATIVE BUDGET ....................................................................................... 17 5.1 FY24 ADMINISTRATIVE BUDGET ............................................................................. 17 5.2 ALIGNING RESOURCES TO STRATEGIC PRIORITIES ........................................... 19 5.3 FY18-23 ADMINISTRATIVE BUDGET TRAJECTORY ............................................. 20 5.4 FY23-24 ADMINISTRATIVE BUDGET TRAJECTORY ............................................. 21 5.5 MIGA’S TOTAL ADMINISTRATIVE RESOURCES ................................................... 21 5.6 BUDGET FLEXIBILITY MECHANISM ....................................................................... 22 6. CAPITAL BUDGET ........................................................................................................ 23 6.1 INFORMATION TECHNOLOGY .................................................................................. 23 7. BUDGET-RELATED RISKS AND UNCERTAINTIES ................................................ 24 Table 1. Cost of New Business & Portfolio Management by Strategic Priority Areas ... 15 Table 2. FY24 Administrative Budget Request ($m) ...................................................... 17 Table 3. FY24 Incremental Resource Needs ($m) ........................................................... 18 Table 4. FY24 Administrative Budget Request: Functional Attribution ($m) ................. 18 Table 5. Indicative Resource Allocation to Strategic Priorities Areas ............................ 19 Table 6. FY23-24 Administrative Budget Trajectory ($m) ............................................. 21 Table 7. FY21-24 MIGA’s Total Administrative Resources ($m) .................................. 22 FIGURES Figure 1. MIGA’s Approach to Budgeting ...................................................................... 10 Figure 2 Financial Capacity Leveraged by MIGA Guarantees ($b) ................................ 12 Figure 3. Gross Exposure and Portfolio R

FAQs

What is the purpose of the FY24 MIGA Budget document?

It presents MIGA’s FY24 administrative and capital budget requests for Board of Directors approval, aligned with the agency’s strategic directions.

What major areas does the FY24 budget cover?

The document covers the budgeting process and global footprint, financial sustainability and cost efficiency, administrative budget components, and capital budget elements such as information technology.

How does the budget document evaluate cost and efficiency?

It includes administrative expenses coverage and a cost of doing business analysis (CODB), supported by figures and tables tracking costs and related metrics over prior fiscal periods.

Jul 19, 2026

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