Max is a banker at International Bank who decides to lend money to a government-owned Metro Company in the Middle East for building and running a new metro system. They enter into a loan agreement that requires repayments to be made by Metro Company over the next 15 years. To manage risk, Max gets MIGA’s Non-Honoring of Financial Obligations coverage. See how this cover protects him when Metro Company stops making payments and defaults on the loan from International Bank.
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