Girozentrale Dusseldorf Munster

MIGA increased its coverage to Westdeutsche Landesbank Girozentrale Düsseldorf Münster (WestLB) of Germany for its shareholder loan to a branch in Turkey from $45 million to $72 million. The increased coverage was issued under MIGA's Cooperative Underwriting Program, together with the original three Lloyd's syndicates: M.D. Reith, Esq., and Others, Syndicate 861; M.E. Brockbank, Esq., and Others, Syndicate 1209; and N.J. Metcalfe, Esq., and Others, Syndicate 588. MIGA's guarantee covers WestLB's investment against the risks of transfer restriction and expropriation.

The increase in coverage will allow WestLB to continue expanding its banking activities in Turkey, thereby providing more financing to companies in the Turkish market, in particular for those involved in export-generating activities and infrastructure projects.