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ME-L1089 : Credito Real, S.A. de C.V. SFOM, ENR

Project Status: Closed

The operation's objectives include: (a) to provide support to the Mexican Capital Markets in times of intense financial stress by offering investors a good quality instrument; (b) to support local development agencies to maintain access to domestic capital markets ongoing; (c) to support a sound committed, social responsible, privately owned, specialized financing company in providing credit to social sectors; (d) to contribute to impulse microfinance activity, a proven effective mechanism to fight poverty, which continues to be a core challenge in the Mexican economy development; and e) to help the Mexican capital markets in times of intense financial stress by supporting the access of the company to domestic savings.

Project Detail

Project Number
ME-L1089
Project Country
Mexico
Project Sector
FINANCIAL MARKETS
Project Subsector
CAPITAL MARKET DEVELOPMENT
Project Type
Guarantee
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
2313/OC-ME

Financial Information

Project Number
ME-L1089
Project Status
Closed

IDB Financing

Financing type
GUA
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Nov/17/2011

Project Information

Total Cost
USD 43,598,890
Country counterpart financing
USD 0
Amount
USD 43,598,890

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