25 Mar 2020
EUR 750 million
|Date of agreement:||24 Apr 2019|
|Customer:||Banco Nacional de Comercio Exterior|
|Amount in USD:||USD 50 million|
|Amount in EUR:||EUR 44.8 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan has been provided for on-lending to projects that are in line with NIB’s eligibility criteria and have a substantial potential for cooperation between businesses in Mexico and the Nordic–Baltic region, such as projects in renewable energy.
Banco Nacional de Comercio Exterior (Bancomext) is the Mexican Government foreign trade bank, whose main objective is to promote the financing of foreign trade and currency generation, and enhance the productive capacity of exporting enterprises, through quality care of clients with financing, guarantees, and other specialized services.
The funds under this loan programme will be made available for project on the basis of eligibility criteria pertaining to NIB’s mandate.
Bancomext’s procedure for assessing projects follows the World Bank’s guidelines for environmental and social issues. Each allocation will be assessed from an environmental and social point of view.