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Investment of Remittances
The general objective of this project is to promote productive activities of mostly agribusiness-related economic groups established primarily by female workforce in the migration-affected rural areas of Mexico, by addressing the lack of business skills, market and information access, and critical seed capital financing. In particular, the project, lead by the Fundación de Productividad en el Campo (FDPC), will focus on selected rural communities in the states of Guerrero, Oaxaca, and Michoacán where such social disintegration phenomenon caused by migration is most noticeable.
The Project will leverage migrants' remittances for productive investments, integrating them into the economic development of their hometowns, creating jobs so as to stabilize the community in the long term. This will be achieved by organizing the remittances of migrants into an effective and accessible source of seed capital for agricultural producers.
The Project will enhance the business skills required for producing and marketing agricultural products from rural areas especially to the US market, leveraging the readily accessible market information and marketing know-how of migrants in the US. The resources raised and invested by those migrants will stimulate business and employment growth in the difficult regions.

Project Detail

Country

Mexico

Project Number

TC0108017

Approval Date

April 4, 2002

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 920,000.00

Country Counterpart Financing

USD 460,000.00

Original Amount Approved

USD 460,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-7834-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-7834-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-540277436-4107
Donors Memorandum
Donors memorandum for MIF project TC0108017 - ATN_ME-7834-ME [1803220].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-2068403537-6402
Procurement Plan
Plan de Adquisiciones 2004 [289117].DOC
Dec. 31, 1999
Other
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-540277436-682
Intermediate Evaluation Report
Capitalizacion de Remesas - MIF_AT-465 Eval Intermedia [731002].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-540277436-683
Intermediate Evaluation Report
Capital Migrante y Desarrollo Rural - MIF_AT-465 Evaluacion Intermedia - Power Point [731033].PPT
Dec. 31, 1999
Spanish

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