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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.

Young woman bending down to tending to her outside chores

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

Hyundai building

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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About Dropdown Description

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.

Türkiye

Citibank, N.A., Turkey

$20 million
Banking
Project Brief
Not Active
twitteremail

MIGA issued a $20 million investment guarantee to cover the expansion of Citibank branch banking operations in Turkey. Citibank, a U.S.-based corporation, already has successful branch banking operations in Ankara, Istanbul, and Izmir, where it has provided a full spectrum of commercial and investment banking services to its public and private customers for ten years. The increase in branch capital is expected to contribute significantly to the development of Turkey's capital markets. MIGA's guarantee covers the risks of currency transfer and expropriation.

twitteremail