Trust Fund to Support Solar Projects

Current Context : The Multilateral Investment Guarantee Agency (MIGA) and the International Solar Alliance (ISA) have set up a multi-donor trust fund to support and lower the costs of solar power projects globally.

• The MIGA-ISA Solar Facility will initially focus on Sub-Saharan Africa.
• Both MIGA and ISA will collaborate to launch solar power and distributed-energy projects in eligible developing countries.

ABOUT INTERNATIONAL SOLAR ALLIANCE (ISA)

• Established:November 30, 2015
• Initiated By:India and France
• Headquarters:Gurugram, India
• Purpose:To promote solar energy deployment, enhance solar technology, and facilitate access to solar financing.
• Signatory Countries : 119 member countries 

ABOUT MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)

• Established:1988
• Part of:World Bank Group
• Headquarters:Washington, D.C., USA
• Purpose:To encourage investment in developing countries by providing guarantees against political risks.
• Member Countries: 186 member countries.