ME-T1181 : Financing Mechanisms to Sub national Entities through Capital Markets

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.