El Economista (June 8, 2020).- The loan was requested on May 19, 2020, before the agency’s Executive Board and approved on May 31.
The World Bank (WB) approved a $ 1 billion US dollars loan to Mexico to underpin development financing policies in the framework of the Covid-19 pandemic.
The loan was requested on May 19, 2020 before the Executive Board of the international organization and approved on May 31 with an initial commission of 0.25% of the total loan amount.
The loan agreement shows that the representative of Mexico for the signing of the loan was the head of the Public Credit Unit of the Ministry of Finance, José de Luna Martínez.
As explained in the Development Policy Financing Proposal (DPF), which is the document that accompanies the agreement, and is stated in report No: PGD158, the objective is “to support part of the authorities’ response to the economic and social crisis triggered by the global pandemic Covid-19. Beyond the consequences for human health and life ”.
Both documents have a stamp that clarifies “for official use only”. There they show that “it is equally important to have liquidity in the financial system and efficient digital financial channels and platforms to transfer support while eliminating bottlenecks that hinder fluid access and the intermediation of resources.”
After learning the details of the loan, the Ministry of Finance issued a statement explaining that the loan approved by the World Bank is “related to public policy actions that are part of general financing and are not linked to any specific activity.”
The Yucatan Times
more recommended stories
Tulum’s hotel occupancy on the rise
Hotel occupancy in Tulum, Quintana Roo,.
UNAM will provide low income students with tablets
The National Autonomous University of Mexico.
A five-year-old girl is the second registered case of “COVIDengue”
Colima, Col. (September 25, 2020).- The.
Real estate developer causes serious environmental damage in Mérida
SERIOUS ENVIRONMENTAL DAMAGE IN LAS AMERICAS:.
IMSS says that Alzheimer’s patients must be protected against Covid-19
During the health emergency, the Mexican.
Europe is battling regional surge of COVID-19
Spain locked down one million people.
Mexico Central Bank cuts rate… again
MEXICO CITY (REUTERS) – Mexico’s central bank.
The Digital “Tianguis Turístico” closes with sales of 100 million dollars – Sectur
MERIDA Yucatan (Times Media Mexico) –.
General Motors celebrates 85 anniversary in Mexico with more than 15 million vehicles produced
General Motors celebrates eight and a.
Six years later, parents of 43 missing students still want answers
MEXICO CITY (AP) — Families of.