World Bank to lend USD800 million to Mexico

The World Bank approved a new three-year lending program for Mexico. The new Country Partnership Strategy for the North American nation indicated plans by the agency, through the International Bank for Reconstruction and Development, to provide USD800 million in support of various activities. At the same time, the bank announced that it is making USD501.25 million available to help Mexico implement its National Climate Change Strategy. “Mexico has emerged as a global leader in the climate change arena. This is the first operation of its kind for the World Bank. It is in recognition of the Mexican efforts and commitment in reducing CO2 emissions. It is also an important first step for the World Bank in finding concrete ways to be a long-term partner of Mexico in supporting a low carbon development path in the country,” said Axel van Trotsenburg, World Bank Director for Mexico and Colombia. (Press Release: New Partnership Strategy Mexico-World Bank/World Bank)

About the author