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

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

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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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Chile

Cultivos Marinos Internacionales, S.A

$2.5 million
Agribusiness
Project Brief
Not Active

MIGA's $2.5 million guarantee will help International Mariculture Partners, a U.S. partnership, establish a new scallop breeding facility on the coastal waters of northern Chile. The investment was facilitated by Chile's debt-equity swap program, and the joint venture will employ more than 1,200 Chilean workers at full production. Equity and future retained earnings are protected under the guarantee against loss resulting from currency transfer, expropriation, and war and civil disturbance risks. The term of the guarantee is 15 years.