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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.

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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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Bank of America NT & SA

$4.5 million
Project Brief
Not Active

MIGA issued a $4.5 million equity guarantee for the expansion of Bank of America's branch banking operations in Islamabad, Karachi, and Lahore. The project will aid the development of Pakistan's financial sector by expanding and diversifying financial services and resources for productive investment. Bank of America's loans to Pakistani trading and manufacturing companies will facilitate increased production of goods for export. The project will create twenty-eight new jobs. MIGA's guarantee will insure against the risks of currency transfer and expropriation.