Citibank, N.A. (El Salvador)

Citibank, N.A., received $9.9 million in MIGA coverage for its shareholder loan to expand its branch bank in El Salvador. MIGA's guarantee covers the risks of currency transfer and expropriation.

The loan will enable Citibank to finance long-term leases and provide a competitive source of capital to local companies for the acquisition of machinery and equipment, especially from Europe and the United States.