Underwriting Process

MIGA’s underwriting process begins when a client submits an online Preliminary Application. The application is free.


The supporting documentation required to begin the formal underwriting process typically may include:

  • Feasibility study or business plan supporting the economic viability and financial soundness of the project
  • Financial forecast/model
  • All loan documentation, including shareholder and non-shareholder loans (drafts acceptable during underwriting) and all loan-related documents
  • All loan guaranties (including back-stop guarantees from parent companies)
  • Financial statements and incorporation documents/by-laws from the investor and the project enterprise in the host country
  • Environmental permits/environmental impact assessment if applicable
  • Land purchase/lease agreements
  • All other applicable project licenses/ permits/



For more information about the Underwriting Process of MIGA Investment Guarantees, click here.