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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.

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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.

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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.

Uruguay

Banco Santander - Uruguay S.A.

$38 million
Banking
Project Brief
Not Active
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MIGA issued a $38 million guarantee toa shareholder loan by Banco Santander, S.A. of Spain to expand its branch operations in Uruguay. The MIGA guarantee covers the loan against the risks of transfer restriction and expropriation.

The loan will allow Banco Santander to expand its mortgage-based financing for the purchase and renovation of private housing and small and medium-size businesses in Uruguay. The project will also increase the maturity of mortgages from 10 to 15 years. As a result, the project will increase competition among mortgage loan providers and create incentives to improve efficiency and quality.

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