ProCredit Group Central Bank Mandatory Reserves Coverage, Georgia
In December 2011, MIGA issued a guarantee of $13.5 million to ProCredit Holding (PCH) covering its investment in its subsidiary in Georgia. In fiscal year 2015, the contract was amended to provide additional coverage of $6.8 million. The scope of the project has not changed. Please refer to the brief issued in fiscal year 2012.[i]
[i] The guarantee was cancelled on December 21, 2019.