Project: Term loan facility to finance purchase of new aircraft in support of air transportation

This project supports Rwanda’s tourism boom which brought in $200 million to the local economy in 2010. To better service the estimated 666,000 tourists that visited last year the government is revamping its ICT infrastructure, regional railway and energy grid. Shoring up its regional carrier is also seen as a core part of a plan to compete with its neighbours for a share of the lucrative tourism market and manufacturing business. To support the airline’s expansion, ATI insured PTA Bank’s loan to the airline against government payment default. In the process, ATI fulfils a core mandate to support efforts that remove barriers to trade in the region – key among these barriers is lack of efficient transportation.

Maximum Sum Insured: USD 60 million