Record of Approval on an Absence of Objection Basis on August 7, 2026

Overview & Synopsis

On August 7, 2026, the Board of Directors approved by special majority a modification of prior approval to allow the Multilateral Investment Guarantee Agency to provide additional coverage of a make-whole amount under the MIGA guarantee for non-shareholder loans to the Republic of Panama, for the project titled Panama - Modification of Prior Approval in relation to MIGA Guarantee to Banco Bilbao Vizcaya Argentaria SA New York Branch or any of its subsidiaries or affiliates, and commercial lenders yet to be identified for their non-shareholder loans to the Republic of Panama – Additional Coverage of a Make-Whole Amount, as set out in the President’s memorandum MIGA/R2026-0109 dated July 28, 2026; an abstention by Lailee Jane Moghtader was recorded.