BankBoston, Peru Branch
MIGA issued a $15 million guarantee against transfer restriction and expropriation risks to Bank Boston of the United States to cover its loan to Bank Boston, Peru Branch. The investment will enable the branch, established in late 1996, to expand its corporate banking services to multinational companies, large and medium-size Peruvian companies, institutional investors, and correspondent banks. It will serve clients in the agribusiness, mining, oil and gas, automobile parts manufacturing and telecommunications sectors. New employees will receive operational and technical training in Peru and the United States.