main navigation menu
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.

Subscribe to Our Monthly Newsletter
x
Argentina

Banco de Boston, Buenos Aires

$50 million
Banking
Project Brief
Not Active

MIGA issued a $50 million guarantee to cover Bank of Boston's loan to expand its branch banking operations in Argentina. The local enterprise, Banco de Boston, has successfully conducted business in Argentina since 1917. The expansion will enable Banco de Boston to add six new branches to the thirty-four offices it now operates throughout Argentina, increasing its range of wholesale and retail banking activities. The project will create forty new jobs and generate $1.9 million in annual tax revenues for the government of Argentina. MIGA's guarantee will insure Banco de Boston against the risks of currency transfer and expropriation.