IFC Invests in Scotiabank Mexico to Expand Access to Housing Finance for Women
Mexico, Dec. 18 -- The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of up to US$250 million in Scotiabank Mexico to expand access to housing finance for women-a key segment for the country's economic and social development.The investment aims to address Mexico's significant housing deficit and the gender gap in access to mortgages, while promoting growth and economic inclusion. Mexico faces a housing shortage of 9 million units, leaving millions of families-especially in rural and low-income communities-without adequate housing. Women are disproportionately affected: only 4.5% have a mortgage product compared to 7.2% of men, underscoring the need to break systemic barriers to financial i...
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