World Bank’s MIGA Provides USD 197.67 Million Guarantee to Citibank

Current Context: On 21 February 2026, the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group approved a USD 197.67 million guarantee to Citibank N.A.

• Purpose: To refinance the State Bank of India (SBI) rooftop solar program, boosting renewable energy adoption.
• The guarantee covers non-honoring of financial obligations (NHFO) by SBI, ensuring investor confidence.
• SBI’s program supports installation of solar photovoltaic (PV) panels across households, SMEs, and institutions.
• This initiative aligns with India’s target of 500 gigawatts (GW) renewable energy capacity by 2030.
• Strengthens India’s green financing ecosystem and promotes private sector participation in clean energy.

Question:

Q.1 Which organization approved a USD 197.67 million guarantee to Citibank N.A.?
a) International Monetary Fund (IMF)
b) International Finance Corporation (IFC)
c) Multilateral Investment Guarantee Agency (MIGA)
d) Asian Development Bank (ADB)

Answer: a) The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, approved the USD 197.67 million guarantee.