World Bank Group member the International Finance Corporation (IFC), signed a US$100 million loan with Mexicos Banco Sabadell, to boost the development of sustainable infrastructure in country.
Details are provided below:
- Banco Sabadell, leading institution in digital banking in Mexico
- This fund will help to develop hotel projects and green buildings that promote practices such as efficient energy use, rational water management, waste removal and reduction of harmful emissions to the environment
- IFC has two strategic objectives in Mexico: promote competition in the financial sector and encourage the green finance sector, to support the Mexican economy that requires more and better credit. With this loan, we accompany Banco Sabadell in its growth in Mexico, and contribute to the development of high value-added products for its clients in key sectors for the reduction of greenhouse gas emissions, said Ary Naïm, Country Manager of IFC Mexico.