IDB
APPROVES ITS LARGEST-EVER LOAN FOR MEXICO: $1 BILLION FOR EXPANSION
OF THE PROGRESA POVERTY-REDUCTION PROGRAM
Resources
to consolidate successful Mexican program and expand coverage to urban
areas
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An
IDB loan of $1 billion will help consolidate and expand Progresa,
a Mexican anti-poverty program that provides education, health
and nutrition aid to millions of indigent families. The program
focused initially on rural areas that have the highest concentrations
of extreme poverty in Mexico. Under the new project supported
by the IDB, the Mexican government will expand Progresa’s
coverage to urban areas. Progresa offers cash grants and school
supplies to encourage beneficiary families to keep their children
in school. Children pictured here attend a school in El Verbaniz,
Chihuahua. (Photo by W. Heinz)
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PHOTO
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Mexican
school children
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