McDonald's Restaurantes de Chile, Ltd
MIGA's $5 million guarantee insures McDonald's Corporation of the United States against losses from currency transfer and war and civil disturbance. The project consists of the opening of McDonald's first restaurants in Chile. Four joint-venture restaurants are scheduled to be opened in Santiago over the next five years, and, subject to demand, additional restaurants may be added. The investment will create approximately 600 new jobs; local procurement will be substantial. McDonald's will be providing extensive management training for its Chilean managers and employees.