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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Hyundai building

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.

Chile

Minera Cerro Colorado Ltda.

$22.5 million
Mining
Project Brief
Not Active
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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.

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