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Can MIGA provide coverage to a third-party lender (i.e., a financial institution)?

April 26, 2017coverage financial institution Lender miga third-party

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Can MIGA provide coverage to a third-party lender (i.e., a financial institution)?

2 Answers

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In principle, MIGA can only cover loans made by an equity holder in a project enterprise. However, coverage may be extended to loans made by a non-shareholder provided that MIGA has covered or will cover any other form of eligible investment in the project enterprise.

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In principle, MIGA can only cover loans made by an equity holder in a project enterprise.