| | |  Business News | December 2008 
IDB, World Bank Offer Mexico $5.5 Billion in Loans
 Associated Press
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Mexico City – The World Bank and the Inter-American Development Bank say they will offer about $5.5 billion in loans to Mexico in 2009 to help finance infrastructure, development and anti-poverty programs.
The banks say they are helping countries like Mexico weather the current credit crisis and supporting government plans to boost economic activity during the global downturn.
Bank representatives said Thursday that the World Bank will offer as much as $3 billion for a variety of projects.
The IDB will kick in as much as $2.5 billion, with another $1 billion possible.
Much of the money will go to low-income housing, public works, transport and anti-poverty programs. |
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