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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.

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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About Dropdown Description

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.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

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

Projects Dropdown Descriptions

Hyundai building

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

Romania

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

$15.8 million
Banking
Project Brief
Not Active
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MIGA issued $15.8 million in coverage to Commercial Bank of Greece, S.A. for its $5.8 million equity investment in the establishment of International Commercial Black Sea Bank-Romania, S.A. in Bucharest. The MIGA guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance.

The bank will provide private Romanian and foreign companies a wide range of financial services, including short-and medium-term lending, corporate finance services, trade finance, foreign exchange trading and brokering, correspondent banking, and services related to privatization. The project will create 75 permanent local jobs for Romanians and is expected to generate more than $1 million a year in tax revenues.

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