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

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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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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.

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Hyundai building

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

Morocco

Banco Exterior Maroc, S.A.

$9.9 million
Banking
Project Brief
Not Active
twitteremail

MIGA's first guarantee in Morocco, totaling $9.9 million, was issued to Banco Exterior de España, S.A. (BEX), a leading Spanish trade finance bank, for its $10 million loan to expand the wholesale and retail commercial activity of its majority-owned subsidiary in Morocco, Banco Exterior Maroc, S.A. (BEM). BEX owns 95 percent of BEM and a local Moroccan bank owns the remainder. BEM will provide employment and training to about 45 Moroccan nationals. The project enterprise will also facilitate foreign investment in Morocco by improving the quality and availability of financial services. It will encourage trade with Spain, the country's second-largest trading partner, and stimulate local industries. MIGA insurance covers the risk of currency transfer.

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