Active loans from Mexico for investment projects come from the World Bank and the IDB


The resources of the multilateral banks that Mexico is using to finance investment projects come from the world Bank and the Inter-American Development Bank (IDB).

In fact, the president of the World Bank, David Malpass reported last week that they are in talks with Mexico to find a strategy that favors economic reactivation, with a particular focus on families with the least.

As explained by the Secretary of the Treasury, Rogelio Ramirez de la Othese multilateral lines are open and have been contracted year after year since President Andrés Manuel López Obrador took power.

Information contained on the World Bank website shows that in each of the three years of the administration, Mexico has made financial commitments to the organization.

In 2021 alone, the country contracted financing with the World Bank for 1,725 ​​million dollars, which is the highest amount of commitments acquired with the multilateral since 2018.

Previously, in the year of pandemic, the agency granted financial facilities to Mexico for 1,230 million dollars; balances that contrast with those acquired by the country in 2018, when AMLO took possession. At that time, the commitments acquired by Mexico in the World Bank totaled 406 million dollars; a figure that doubled for 2019, reaching 900 million.

As explained by the World Bank in the general panorama of financing, the efforts directed by the organization towards Mexico in the last five years have served to deepen financial inclusion and expand access to financing. In fact, he noted that this has been “a critical bottleneck for growth and poverty reduction.”

IDB lines

The IDB, for its part, specifies that the active portfolio of loans with Mexico has been directed mainly to financial markets, science and technology, urban development and housing, and education.

The active loan portfolio approved for Mexico amounts to 1,369 million dollars. There are already 808 projects concluded with the country and they have been aimed at contributing to equitable and sustainable access to social services, encouraging the dynamism of investment and contributing to a more balanced and sustainable territorial development.

IMF, another alternative

The only financial facility opened by Mexico in the International Monetary Fund (IMF) is for 50,000 million dollars and corresponds to the Flexible Credit Line.

This tool guarantees the availability of foreign currency to face external shocks, by complementing the level of international reserves.

As IMF officials have explained, it is a kind of credit card, for which a minimum annuity is paid and which is capped at 50,000 million.

It has never been used by Mexico, since it was opened in 2009, and the characteristic of being a “flexible” line allows its use for whatever Mexico requires. From a situation of balance of payments to guarantee the fulfillment of financial obligations of the government.



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