Mexico Could Have US$3.5 Billion for Projects

The World Bank Group has decided to provide Mexico with US$3.5 billion to be used for new private-sector projects. World Bank President Ayay Banga emphasized the mobilization of private capital as one of the tools for creating new jobs and expanding investment in bankable projects in the country.

The mobilization of private capital will play a key role in expanding investment in the country, as well as creating new jobs

The public sector is vital for the development of physical infrastructure and in areas such as health, education, and training; on the other hand, the private sector is responsible for creating new jobs.

During his tenure, he has spearheaded a shift in the agency’s financial support to specifically encourage private-sector projects.

The World Bank president added that the institution is also working on guarantees for investors looking to invest in Mexico, with coverage against political and commercial risks.

It also emphasizes that, in addition to these instruments, there is a third mechanism focused on resolving disputes between investors and states.

The purpose of the visit is to tour the Naturasol Group’s production plant in Tultepec, State of Mexico. It aims to renew the World Bank’s commitment to the country, as well as to support Mexico’s development through its so-called “Plan Mexico.”

The organization is unveiling the new Partnership Framework, a five-year strategy focused on growth, job creation, and mobilizing investment in the private sector.

The plan prioritizes investment in infrastructure, energy, water, health, and human capital.