Rabo Trading Argentina S.A.

MIGA signed a contract of guarantee with Rabobank Curaçao N.V. of the Netherlands for its loan to establish a subsidiary to provide commercial and financial support to the food, agribusiness and healthcare industries in Argentina. Rabo Trading Argentina S.A. (RTA) will serve the financial needs of local growers, processors and distributors. MIGA's $45 million coverage guarantees the investment against the risks of transfer restriction and expropriation.

The investment will allow RTA to offer financial services such as leasing, factoring, and field warehousing, and commercial services such as purchase and export, to support infrastructure development and transactional cycles of its clients in the agribusiness sector. For example, RTA will act as the intermediary buyer for the oilseed crushing industry, purchasing grains at harvest from producers and delivering them subsequently for crushing. Crushers will benefit from the fixed forward purchase price, RTA's field warehouse financing, and a leasing program for processing equipment. In the dairy, fruit, cotton, leather and wine industries, RTA will offer leasing services, inventory financing, trade-related structures, and discounting of foreign receivables.