WASHINGTON, November 6, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$1.01 Billion Dollars
TERMS: Maturity = 30 years; Grace = 5 years
Project Description: The Private Housing Finance Markets Strengthening Project for Mexico aims to strengthen the financial capacity of Mexico’s Federal Mortgage Corporation (SHF) to develop and consolidate markets for housing finance and to expand access to lower income groups over the medium-term; and improve SHF's technical capacity to expand access to lower income groups over the medium-term.
Media Contact
Gabriela Aguilar
(202) 473-6768
gaguilar@worldbank.org
For project documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P112258
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