Original disclosure @ DFC website
Updated in EWS Dec 7, 2020
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Expansion of leases and financial products for small and medium enterprises (“SMEs”) in Mexico, primarily in consumer, manufacturing, and health-care sectors(the “Project”).
The Project is expected to have a positive developmental impact in Mexico by funding new leases for small-and medium-sized enterprises (SMEs) to acquire productivity-enhancing technology. Mexican SMEs have limited access to finance despite driving much of the country’s economic growth and contributing significantly more than half of employment. These firms account for less than approximately 15 percent of credit issued to the private non-financial sector. The lack of credit contributes to SMEs having significantly lower productivity than larger firms in Mexico, with this productivity gap greater than in comparable countries according to the Organization for Economic Co-operation and Development.
DFC offered a ten-year tenor.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability