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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.

Ecuador

ING Bank (Ecuador) N.V.

$16 million
Banking
Project Brief
Not Active
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MIGA issued a $16 million guarantee to ING Bank for its shareholder loan to expand its branch operations in Ecuador. MIGA's guarantee covers the risks of currency transfer and expropriation.

The contribution will allow ING Ecuador Bank to finance medium- and long-term lending and to participate in project financing, treasury activities, and capital market transactions. The expansion is expected to create 22 jobs for Ecuadorian nationals.

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