Access to Finance and ID DPF (WB-P172863)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 9, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Mexico
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 17, 2020

Disclosed by Bank Jan 31, 2020


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Project Description

The development objective is to support the government’s efforts to increase access to finance and to enable policies for universal coverage of a robust and unique identification system (which in turn also supports financial access).

The policies supported aim to: (i) boost financial inclusion for the youth; (ii) enable innovation leading to the offer of new API-enabled fintech services to enable more competition; (iii) increase access to credit to MSMEs in the agricultural sector; (iv) increase the percentage of women benefiting from financial access programs; (v) promote the offer of secured lending products with movable collateral to boost MSMEs’ access to credit and reduce cost; (vi) support the National Service of Personal Identification; and (vii) support standardization of systems across the state Civil Registries.

Investment Description
  • World Bank (WB)
Contact Information

Borrower/Client/Recipient

United Mexican States
Jose de Luna Martinez
Titular Crédito Público jose_deluna@hacienda.gob.mx

Implementing Agencies

Secretaría de Hacienda y Crédito Público Jose de Luna Martínez
Titular Crédito Público jose_deluna@hacienda.gob.mx

 

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