According to IFC website, this project entails a senior term loan of up to MXN 1,912 million (approximately US$101 million) to be extended to the irrevocable trust agreement number F/179122, which is publicly traded on the Mexican stock market under the symbol CS2CK. The Trust is a debt and equity investment fund managed by Banco Credit Suisse (Mexico), S.A. This project aims to promote greater market integration via demonstration and replication channels.

The most significant, expected project-level outcome is an increase in access to financial services for underserved mid-cap companies in Mexico. Beyond the Project, IFC anticipates that the investment will promote greater market integration via demonstration and replication channels.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

Banco Credit Suisse (México), S.A., the Trust manager, has as shareholder Grupo Financiero Credit Suisse (Mexico), S.A. de C.V., of which Credit Suisse AG holds 99% of the corresponding shares, a leading global financial services company.

Project Contact: Manuel Ramos
Managing Director, Banco Credit Suisse (México), S.A. 
Telephone No.: +52 55 52835448
Email Address: manuel.ramos@credit-suisse.com
Office Address: Ciudad de Mexico, Mexico
Website: https://www.credit-suisse.com/mx/

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/