World Bank Approves US$500 Million Guarantee to Boost Infrastructure and Attract Private Investment in Mexico
Mexico, Dec. 18 -- The World Bank's Executive Board today approved a credit enhancement instrument of up to US$500 million, which will enable the mobilization of large-scale private capital to accelerate the development of sustainable and resilient transport infrastructure in Mexico, with direct impacts on employment, connectivity, and economic growth. This approval strengthens the Government of Mexico's efforts to implement the Plan Mexico.Banco Nacional de Obras y Servicios Publicos (BANOBRAS), acting as trustee of the Fondo Nacional de Infraestructura (FONADIN), will use this instrument to strengthen the guarantees currently provided by the fund, with backing from the World Bank through the creation of FONADIN's Credit Enhancement Platfo...
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