WASHINGTON, March 28, 2019 - The World Bank’s Board of Executive Directors today approved the following project:
Mexico – Additional Financing for Expanding Rural Finance Project
IBRD Credit: US $400 million equivalent
Terms: Maturity = 15 years, Grace = 6 years
Project ID: P169156
Project Description: The project aims is to increase the availability of finance to the rural economy by expanding credit for rural micro, small, and medium enterprises with a strong focus on women and marginalized areas of the states in the poorer south of Mexico. The capacity building of the participating private sector financial intermediaries will deepen through the additional financing to offer sustainable finance, including piloting innovative financial solutions, towards activities that promote inclusion, job creation, and poverty reduction in key sectors like agriculture, livestock, forestry, and fishery.
For more information, please visit here: www.worldbank.org/mx
