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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.

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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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.

Bulgaria

Bulgarian Investment Bank PLC

$3.7 million
Banking
Project Brief
Not Active
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MIGA issued $3.7 million in coverage to Commercial Bank of Greece, S.A. for its $1.4 million equity investment in Bulgarian Investment Bank PLC (BIB), the only investment bank in Bulgaria. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance.

Established in 1994 by the European Bank for Reconstruction and Development and a group of Bulgarian and foreign banks, BIB provides medium- and long-term financing to private sector companies and companies undergoing privatization, financial advisory services, investment funds management, and arrangements for foreign funding for large projects. Employees will be trained in management systems and standard banking computer software packages. Most of the equipment requirements for the bank will be sourced locally.

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