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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 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 Rabobank International Brasil SA

$66.5 million
Capital Markets
Project Brief
Not Active
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MIGA has issued $66.5 million in guarantees to Cooperative Centrale Raiffeisen of the United States, covering its $70 million shareholder loan to Banco Rabobank International Brasil SA (Rabo-Brazil). The guarantee is for a period of up to eight years and covers the risks of transfer restriction and expropriation.

Rabo-Brazil is planning to use the shareholder loan to participate in trade receivable funds, which acquire discounted receivables from companies that finance consumers and small and medium-size enterprises. Such funds are an important funding source for Brazilian companies, allowing trade receivables originators to finance their revolving short-term needs with long-term funding. Rabo-Brazil focuses on the Brazilian food and agribusiness market.

Structured as a local currency securitization, the project will also help develop local capital markets. In addition, Rabo-Brazil financing for companies is expected to help create indirect employment. By fostering financial sector development and broadening access to credit, the project is consistent with Brazil’s country assistance strategy, which focuses in part on the development of a more competitive financial market.

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