ING Bank N.V., Ecuador Branch
MIGA issued a $10 million guarantee to ABN AMRO Bank, N.V. for its loan to expand its banking operations in Quito and Guayaquil. The guarantee covers the investment against the risks of transfer restriction and expropriation. The loan willused for short- and medium-term financings. ABN AMRO Bank Ecuador intends to emphasize marketing to the mortgage market and to power, telecommunications, and oil and gas projects.