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A key priority for the World Bank Group is supporting private sector activity and economic growth in conflict-affected and fragile economies (CAFE). The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, is conducting a survey among local investors and commercial banks to gauge investment and trade flows to these economies.

Your input is critically important as we seek to better understand market environment and better meet market needs in these countries. In particular, your feedback will assist us in the development of a risk mitigation facility for trade and investment.

Please take just 15 minutes of your time to fill out the following questionnaire. Thank you!



Please note: Your responses anonymous and completely confidential. Your privacy will not be compromised by participating in this survey.
 
 
 
MIGA is currently proposing a Conflict-Affected and Fragile Economies Facility (CAFEF) to help support trade and investment flows into such countries. The Facility will offer export credit and investment insurance for trade and investment projects to these economies – higher risk environments and where long-term financing may be difficult to obtain.

Under the facility, political risk insurance would be provided for local investment projects. Typical coverages include nationalization/expropriation, war and civil disturbance, breach of contract, and non-honoring of sovereign financial obligations. See definitions for more information.

Your input will help us as we design the facility to meet market needs.
 
 
 
* To begin the survey, please categorize your organization? Please select one.
 
Local Investor (private corporation)
 
Private Equity Fund
 
Commercial Bank
 
Other (Please specify)
 
 
 
 
* What are your organization's annual revenues (in US Dollars)?
 
Less than $25 million
 
$25 million to $100 million
 
$100 million to $250 million
 
$250 million to $500 million
 
$500 million to $1 billion
 
$1 billion to $5 billion
 
More than $5 billion
 
 
 
* In which of the following countries are your primary operations located?
 
 
 
The purpose of this survey is to better understand local investment dynamics, not cross-border investment flows. Please continue only if you are a local investor in the country in which your primary operations are located.
 
 
 
* Do you currently invest (debt or equity) or plan to invest over the next three years in local projects?
 
Yes
 
No
 
I don't know
 
 
What is the total amount (in US Dollars) you plan to invest in your local economy/home country over the next year?
Less than $1 million Between $1 million and $5 million Between $5 million and $10 million Between $10 million and $25 million Between $25 million and $100 million More than $100 million
* Equity
* Debt
 
 
What is the total amount (in US Dollars) you plan to invest in your local economy/home country over the next three years?
Less than $1 million Between $1 million and $5 million Between $5 million and $10 million Between $10 million and $25 million Between $25 million and $100 million More than $100 million
* Equity
* Debt
 
 
 
What is the total project cost (in US Dollars) of such projects, including participation from other investors, over the next year?
 
Less than $1 million
 
Between $1 million and $5 million
 
Between $5 million and $10 million
 
Between $10 million and $25 million
 
Between $25 million and $100 million
 
More than $100 million
 
 
 
What is the total project cost (in US Dollars) of such projects, including participation from other investors, over the next three years?
 
Less than $1 million
 
Between $1 million and $5 million
 
Between $5 million and $10 million
 
Between $10 million and $25 million
 
Between $25 million and $100 million
 
More than $100 million
 
 
List the number of projects you expect to invest over the next three years in your local economy/home country in each of the following categories:
# of projects
Public-Private Partnerships
New projects
Existing projects (expansion, modernization)
Mergers and Acquisition
 
 
 
* What are the sectors in which you are currently investing or plan to invest over the next three years in your local economy/home country? Check all that apply.
 
Agriculture, Hunting, Forestry, and Fishing
 
Mining, Quarrying, and Petroleum
 
Manufacturing
 
Electricity, Gas, and Water Supply
 
Construction
 
Trade
 
Tourism and Real Estate
 
Telecommunications
 
Financial Services
 
Education
 
Health
 
Other Services

 
 
 
* When evaluating investment projects in your local economy/home country are you concerned about political risk?
 
Yes
 
No
 
I don't know
 
 
 
* If political risk insurance (PRI) would be available at a reasonable price through the CAFEF [Facility described above] would you seek coverage?
 
Yes
 
No
 
I don't know
 
 
 
* If yes, then for what amount (volume of investment in US Dollars) would you seek PRI coverage?
 
Less than $1 million
 
Between $1 million and $5 million
 
Between $5 million and $10 million
 
Between $10 million and $25 million
 
Between $25 million and $100 million
 
More than $100 million
 
Not Applicable
 
 
 
What is the maximum cost that you are willing to pay for comprehensive PRI coverage, including nationalization/expropriation, breach of contract, war and civil disturbance, and non-honoring of sovereign financial obligations?
 
Less than 0.5% of covered investment per year
 
0.5%-1.0% of covered investment per year
 
1.0%-1.5% of covered investment per year
 
1.5%-2.5% of covered investment per year
 
More than 2.5% of covered investment per year
 
Not Applicable
 
 
 
* Have you ever utilized PRI on past or current investment projects to protect against political risks described above?
 
Yes
 
No
 
I don't know
 
 
 
* How would you classify the provider of PRI from whom you have sought coverage? Select all that apply.
 
Private insurance provider
 
Public (government agency) insurance provider
 
Multilateral insurance provider
 
Not Applicable
 
I don't know

 
 
 
* What are your primary reasons for not using PRI in your market? Select all that apply.
 
PRI is not available
 
Potential losses are limited
 
Risk is manageable without PRI
 
I am not familiar with PRI
 
Price is too high
 
Cumbersome process
 
PRI does not cover the types of risk of concern to me
 
Not Applicable
 
Other (Please specify)

 
 
 
* Has your firm halted, delayed or reduced the scope of investments in your country due to lack of PRI coverage?
 
Yes
 
No
 
Maybe
 
I don't know
 
 
 
Does your firm engage in trade related activity?
 
Yes, importing
 
Yes, exporting
 
Yes, both importing and exporting
 
No
 
 
 
* What is the average annual volume (in US Dollars) for these trade activities?
 
Below $50,000
 
Between $50,000 to $1 million
 
$1 million to $5 million
 
$5 million to $10 million
 
$10 million to $25 million
 
More than $25 million
 
 
 
* Please select the level of difficulty in obtaining trade credit and/or insurance.
 
Low (export credit/insurance can be easily obtained in the market at a reasonable premium)
 
Medium (export credit/insurance can be obtained in the market at a high premium)
 
High (export credit/insurance is hard to find in the market, and if at all only a very high premium)
 
Export credit/insurance is not available in the market (destination country is “off-cover”)
 
Not Applicable (do not use rade credit or insurance)
 
I don’t know
 
 
 
If the CAFEF [Facility described above] were to provide trade credit and insurance at a reasonable cost, how much would you expect to utilize the facility for these activities. Please enter annual volume estimate (in US Dollars).
   
 
 
 
* What are your total assets? (in US Dollars)
 
Less than $25 million
 
$25 million to $100 million
 
$100 million to $250 million
 
$250 million to $500 million
 
$500 million to $1 billion
 
$1 billion to $5 billion
 
More than $5 billion
 
 
 
* In which country are your primary operations located?
 
 
 
* Do you have access to long term funding?
 
Yes, in local and hard currency
 
Yes, in local currency only
 
No
 
I don’t know
 
 
 
The purpose of this survey is to better understand local (not cross-border) investment and financing dynamics. Please only continue with this survey if you are a “local bank” – a bank which provides financing and support for investment transactions in the country in which you are located.
 
 
 
* Do you currently or plan to provide financing over the next three years to local investment projects (projects located in the country in which you operate and with sponsors from the same country)?
 
Yes
 
No
 
I don't know
 
 
 
* What is the total amount that you plan to provide in financing of local investment projects (projects located in the country in which you operate and with sponsors from the same country) over the next year? (in US Dollars)
 
Less than $1 million
 
Between $1 million and $5 million
 
Between $5 million and $10 million
 
Between $10 million and $25 million
 
Between $25 million to $100 million
 
More than $100 million
 
Not applicable
 
 
 
* What is the total amount that you plan to provide in financing of local investment projects (projects located in the country in which you operate and with sponsors from the same country) over the next three years? (in US Dollars)
 
Less than $1 million
 
Between $1 million and $5 million
 
Between $5 million and $10 million
 
Between $10 million and $25 million
 
Between $25 million to $100 million
 
More than $100 million
 
Not applicable
 
 
 
* What is the average size of these individual investment projects? (in US Dollars)
 
Less than $1 million
 
$1 million to $5 million
 
$5 million to $10 million
 
$10 million to $25 million
 
$25 million to $100 million
 
More than $100 million
 
 
 
* What are the main sectors of the investment projects for which you are providing funding?
 
Agriculture, Hunting, Forestry, and Fishing
 
Mining, Quarrying, and Petroleum
 
Manufacturing
 
Electricity, Gas, and Water Supply
 
Construction
 
Trade
 
Tourism and Real Estate
 
Telecommunications
 
Financial Services
 
Education
 
Health
 
Other Services

 
 
 
* When you evaluate lending to investment projects in your local economy are you concerned about political risk?
 
Yes
 
No
 
I don't know
 
 
 
* Do you currently use political risk insurance (PRI)?
 
Yes
 
No
 
I don't know
 
 
 
* If yes, then from what type of provider?
 
Private Insurance Provider
 
Multilateral Provider
 
Export Credit Agency
 
I don’t know
 
Not applicable
 
 
 
* What are your primary reasons for not using PRI? Select all that apply.
 
PRI is not available
 
Potential losses are limited
 
Risk is manageable without PRI
 
I am not familiar with PRI
 
Price is too high
 
Cumbersome process
 
PRI does not cover the type of risks of concern to me
 
Not applicable - I do use PRI
 
Other, please specify

 
 
 
* Have you ever delayed, reduced, or refused lending to investment projects due to the lack of PRI coverage?
 
Yes
 
No
 
Maybe
 
I don't know
 
 
 
If the CAFEF [Facility described above] were to provide PRI at a reasonable cost, how much would you expect to utilize the facility? Please enter annual volume estimate (in US Dollars).
   
 
 
 
* Do investors to which you lend currently use political risk insurance as a risk mitigation tool?
 
Yes
 
No
 
I don't know
 
 
 
* If yes, from what type of provider did your clients purchase PRI?
 
Private Insurance Provider
 
Multilateral Provider
 
Export Credit Agency
 
I don't know
 
Not applicable
 
 
 
* If the CAFEF [Facility described above] were to provide PRI to investors in the country where you are located, would you be more willing to lend to these investors?
 
Yes
 
No
 
I don't know
 
 
 
Would you be able to provide project documentation in English if an application for coverage to the CAFEF [Facility described above] was made?
 
Yes
 
No, documentation is in local language only
 
 
 
If you have any comments on the survey or the Conflict Affected and Fragile Economies Facility, please provide them here.
   
 
 
 
Thank you for participating in our survey. Unfortunately, your profile does not match the needed criteria for further survey participation. We appreciate your time and willingness to share your experiences and perspectives.

To learn more about MIGA - our work, products and services - please visit us at www.miga.org.
 
 
 
Thank you for taking this survey!

Your input is valuable to us. We appreciate your time and willingness to share your experiences and perspective.

For more information about MIGA - our work, products and services - please visit us at www.miga.org.
 
Multilateral Investment Guarantee Agency
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