The present KCP seeks to support the implementation of the first vehicle under a Mexican company (Sociedad Anónima de Capital Variable Sociedad Financiera de Objeto Multiple Non-Regulated Entity SOFOM) through which the bank¿s private window can develop actions that promote the identification and implementation of sub national projects with a high socioeconomic impact and with financial, technical and environmental viability. This request is consistent with the National Infrastructure Program (PNI) announced by the Government of Mexico (GDM) for the period 2007-2010, which includes more than 100 projects with a potential cost of US$240 billion; The GDM expects that near US$50 billion would be financed through private initiatives.
Project Detail
Country
Mexico
Project Number
ME-T1181
Approval Date
November 30, 2011
Project Status
Closed
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
CAPITAL MARKET DEVELOPMENT
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category C: Likely to cause minimal or no negative environmental and associated social impacts
Total Cost
USD 618,300.00
Country Counterpart Financing
USD 357,600.00
Original Amount Approved
USD 260,700.00