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About Dropdown Description

World Bank building
About

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

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

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What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

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Projects Dropdown Descriptions

Hyundai building
Projects

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

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Jamaica

The Bank of Nova Scotia, Jamaica Limited

$24 million
Banking
Project Brief
Not Active
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The Bank of Nova Scotia of Canada extended a $26.6 million loan to its subsidiary in Jamaica to expand local operations. MIGA issued a $24 million guarantee to cover the of expropriation and transfer restriction.

Incorporated in 1996, the subsidiary currently operates 45 branches in Jamaica, providing retail and corporate banking services. In addition, seven wholly owned subsidiaries provide specialized banking services such as mortgage finance and merchant banking. The lending activities of the subsidiary are expected to benefit companies in several sectors of the economy.

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