Venezuela, Republica Bolivariana de
Citibank, N.A. (Venezuela)
$18 million
Banking
Project Brief
Not Active
Citibank, N.A. of the United States received $18 million in MIGA coverage for its shareholder loan to its branch bank in Venezuela. MIGA's guarantee covers the risks of expropriation and transferr estriction. The loan will allow Citibank, N.A. (Venezuela) to expand its services to local and multinational companies. The branch offers trade financing, short- and medium-term U.S.-dollar financing, foreign exchange transactions,a nd the development of capital market products.