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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Brazil

Banco Europeu para a America Latina (BEAL) S.A.

$33 million
Banking
Project Brief
Not Active
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MIGA issued a US$33 million guarantee to BEAL for its shareholder loan to its Brazilian branch. MIGA reinsured itself with five Lloyd's of London syndicates. The guarantee covers the investment against the risks of transfer restriction and expropriation.

The project will help expand the size of the medium-term financial markets, which is fundamental to providing a stable and transparent enabling environment conducive to efficient resource mobilization for private investment, promoting international confidence in the Brazilian economy. This investment will also assist in reducing price distortions as it will be charging competitive interest rates. BEAL Brazil will be lending to a variety of economic sectors in Brazil, especially telecommunications, oil and gas, electricity, pulp and paper, and metals and mining. Consequently, a broad spectrum of businesses will benefit from the availability of additional medium-term capital.

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