Mexico Gets Hefty World Bank Loan

Mexico Gets Hefty World Bank Loan

Loans

The World Bank has approved a $1.5bn loan for Mexico to support economic policies in response to the global crisis. The loan is due November 2021 and basis 6-month Libor, including a 0.25% disbursement fee. The project supports economic policies to mitigate the impact of the global crisis and strengthen the medium-term framework for sustainable economic recovery and growth. The focus is fiscal and financial sustainability, labor market efficiency and improved integration in the global economy. A

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