WASHINGTON, June 18, 2019 - The World Bank’s Board of Executive Directors today approved the following project:
Mexico – Financial Inclusion Development Policy Financing
IBRD Credit: US $500 million equivalent
Terms: Maturity = 14.5 years, Grace = 5.5 years
Project ID: P167674
Project Description: The operation aims to support the government’s reform program aimed at deepening and reducing inequality in financial access while enabling innovation in the financial industry. The sector-focused policy measures supported are critical to facilitate the provision of financial services to micro, small and medium size enterprises and traditionally under-served populations in the country, and to foster competition and the use of new technologies.
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