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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 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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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.

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Young woman bending down to tending to her outside chores

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

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Hyundai building

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

Georgia

International Commercial Black Sea Bank (Georgia) S.A.

$3.4 million
Banking
Project Brief
Not Active
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MIGA issued its first guarantee in Georgia, for $3.4 million in coverage, to Commercial Bank of Greece, S.A. (CBG) for its $1.3 million equity investment in International Commercial Black Sea Bank-Georgia, S.A. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance.

The project enterprise is a joint venture bank based in Tblisi. The bank provides multinationals and local companies with a wide range of commercial services, including trade finance, foreign exchange, money market operations, and services related to privatization. The project will create about 40 permanent jobs for Georgian nationals, who will benefit from various training programs provided by CBG.

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