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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

Young woman bending down to tending to her outside chores
What We Do

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

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

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

Search Projects
Bulgaria

BNP Dresdner Bank

$14 million
Financial Services
Project Brief
Not Active
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MIGA issued a $14 million guarantee to Banque Nationale de Paris for its shareholder loan to BNP-Dresdner Bank to expand its banking operations in Bulgaria. The guarantee covers the investment against the risks of transfer restriction and expropriation.

BNP-Dresdner Bulgaria offers a full range of corporate and international banking services, such as short-term credit facilities, commodity trade financing, treasury and consulting services, including strategic advice on national and international investments and the provision to foreign companies of local business information.

The project will increase the availability of longer term funds for Bulgarian companies at competitive prices. In addition, the bank is expected to employ about 140 Bulgarian nationals by the end of 1999 and provide banking and financial training.

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