New Loan for Mexico: The World Bank...
New Loan for Mexico: The World Bank will lend Mexico, the developing world’s second-largest debtor, nearly $2 billion to fund two hydroelectric projects and help reduce its interest payments, the government has announced. The announcement by Finance Minister Pedro Aspe came the same day Mexico resumed negotiations in New York with a 15-member committee representing creditor banks and two days after the government liberalized its foreign investment rules. The new loan package “will support structural changes undertaken by the federal government in the financial, industrial, commercial and state-run sectors,” Aspe said.
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