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

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

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Chile

Minera Cerro Colorado Ltda.

$22.5 million
Mining
Project Brief
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In fiscal 1991 MIGA issued a $5 million political risk guarantee to Rio Algom Ltd. of Canada for its investment in the Cerro Colorado Copper Mine in Chile. This year MIGA increased its participation in the project through a $22.5 million reinsurance contract with the Overseas Private Investment Corporation (OPIC) covering a syndication of U.S. and European banks lending to the project. MIGA will provide coverage against the risks of currency transfer, expropriation, and war and civil disturbance for fifteen years.