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The 2007 annual report examines the quality of Multilateral Investment Guarantee Agency (MIGA) work in assessing and underwriting new guarantee projects to ensure development effectiveness in its operations. The report's content is similar to an annual report on operations evaluation, which focuses on the agency's systems for quality assurance, monitoring, and evaluation, rather than findings of ex-post evaluations of development effectiveness of MIGA projects, which will be the topic of the 2008 annual report. The report presents findings of quality at entry assessments of MIGA projects underwritten between January 2005 and June 2006 to determine how well MIGA has implemented its own policies and guidelines. A new element in this report is an analysis of the expected relative contribution of these recent projects to MIGA's profitability. The report also presents an early assessment of the implementation of MIGA's Small investment program, which was initiated in FY06. The report's findings provide the basis for an update of MIGA's Management Action Track Record (MATR), which consolidates and retires previous Independent Evaluation Group (IEG)-MIGA recommendations, as agreed with Committee on Development Effectiveness (CODE) last year.
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