[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110216-en":3,"doc-seo-110216-105":29,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110216,8796095360427,"Lucas Martin","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","FY24 MIGA Budget - Public Disclosure - July 17, 2023","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.","Public Disclosure Authorized Public Disclosure Authorized  \nFY24 MIGA BUDGET  \nText for Public Disclosure  \nJuly 17, 2023  \n1. INTRODUCTION AND EXECUTIVE SUMMARY........................................................ 6  \n1.1. EXECUTIVE SUMMARY ................................................................................................ 6  \n1.2. FY24 BUDGET RECOMMENDATIONS......................................................................... 7  \n2. STRATEGIC CONTEXT AND BUSINESS OUTLOOK ................................................. 8  \n2.1. STRATEGIC CONTEXT ................................................................................................... 8  \n2.2. BUSINESS OUTLOOK ..................................................................................................... 8  \n2.3. FY24 FOCUS AND DELIVERY ....................................................................................... 9  \n3. FY24 BUDGET FORMULATION .................................................................................. 10  \n3.1 FY24 BUDGETING PROCESS....................................................................................... 10  \n3.2 GLOBAL FOOTPRINT ................................................................................................... 11  \n4. FINANCIAL SUSTAINABILITY AND COST EFFICIENCY ...................................... 12  \n4.1 MIGA’S OPERATIONAL MODEL ................................................................................ 12  \n4.2 CAPITAL MANAGEMENT ............................................................................................ 12  \n4.3 ADMINISTRATIVE EXPENSES COVERAGE............................................................. 13  \n4.4 COST EFFICIENCY ........................................................................................................ 14  \n4.5 COST OF DOING BUSINESS ANALYSIS (CODB) ..................................................... 15  \n5. ADMINISTRATIVE BUDGET ....................................................................................... 17  \n5.1 FY24 ADMINISTRATIVE BUDGET ............................................................................. 17  \n5.2 ALIGNING RESOURCES TO STRATEGIC PRIORITIES ........................................... 19  \n5.3 FY18-23 ADMINISTRATIVE BUDGET TRAJECTORY ............................................. 20  \n5.4 FY23-24 ADMINISTRATIVE BUDGET TRAJECTORY ............................................. 21  \n5.5 MIGA’S TOTAL ADMINISTRATIVE RESOURCES ................................................... 21  \n5.6 BUDGET FLEXIBILITY MECHANISM ....................................................................... 22  \n6. CAPITAL BUDGET ........................................................................................................ 23  \n6.1 INFORMATION TECHNOLOGY .................................................................................. 23  \n7. BUDGET-RELATED RISKS AND UNCERTAINTIES ................................................ 24  \nTable 1. Cost of New Business & Portfolio Management by Strategic Priority Areas ... 15  \nTable 2. FY24 Administrative Budget Request ($m) ...................................................... 17  \nTable 3. FY24 Incremental Resource Needs ($m) ........................................................... 18  \nTable 4. FY24 Administrative Budget Request: Functional Attribution ($m) ................. 18  \nTable 5. Indicative Resource Allocation to Strategic Priorities Areas ............................ 19  \nTable 6. FY23-24 Administrative Budget Trajectory ($m) ............................................. 21  \nTable 7. FY21-24 MIGA’s Total Administrative Resources ($m) .................................. 22  \nFIGURES  \nFigure 1. MIGA’s Approach to Budgeting ...................................................................... 10  \nFigure 2 Financial Capacity Leveraged by MIGA Guarantees ($b) ................................ 12  \nFigure 3. Gross Exposure and Portfolio R","cbCairU5D7oqRSr3","https://ap.wps.com/l/cbCairU5D7oqRSr3","pdf",868991,1,23,"English","en",105,"# INTRODUCTION AND EXECUTIVE SUMMARY\n## EXECUTIVE SUMMARY\n## FY24 BUDGET RECOMMENDATIONS\n# STRATEGIC CONTEXT AND BUSINESS OUTLOOK\n## STRATEGIC CONTEXT\n## BUSINESS OUTLOOK\n## FY24 FOCUS AND DELIVERY\n# FY24 BUDGET FORMULATION\n## FY24 BUDGETING PROCESS\n## GLOBAL FOOTPRINT\n# FINANCIAL SUSTAINABILITY AND COST EFFICIENCY\n## MIGA’S OPERATIONAL MODEL\n## CAPITAL MANAGEMENT\n## ADMINISTRATIVE EXPENSES COVERAGE\n## COST EFFICIENCY\n## COST OF DOING BUSINESS ANALYSIS (CODB)\n# ADMINISTRATIVE BUDGET\n## FY24 ADMINISTRATIVE BUDGET\n## ALIGNING RESOURCES TO STRATEGIC PRIORITIES\n## FY18-23 ADMINISTRATIVE BUDGET TRAJECTORY\n## FY23-24 ADMINISTRATIVE BUDGET TRAJECTORY\n## MIGA’S TOTAL ADMINISTRATIVE RESOURCES\n## BUDGET FLEXIBILITY MECHANISM\n# CAPITAL BUDGET\n## INFORMATION TECHNOLOGY\n# BUDGET-RELATED RISKS AND UNCERTAINTIES","[{\"question\":\"What is the 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