Mexico Receives Climate Change Loans

Mexico Receives Climate Change Loans

Loans

Mexico will receive $1.1bn in loans from the World Bank and the IDB. The loans will carry a variable rate based on Libor, according to the Secretaria de Hacienda y Credito Publico. The financing package consists of loans from the World Bank for a combined $700m and one from the IDB for the remaining $400m. Both carry an undisclosed floating rate based on Libor. The first World Bank loan, for $400m, has an amortization period of 14 years, the second, for $250m, has a 12-year amortization, while a

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