2023-10-28 18:33:00
In a statement issued this Friday, the Ministry of Finance and Public Credit (SHCP) of Mexico reported that this figure is made up of 500,000 dollars from the Central American Bank for Economic Integration (CABEI), 250,000 dollars from the Development Bank of Latin America and the Caribbean (CAF) and 200,000 dollars from the Inter-American Development Bank (IDB), all for humanitarian aid.
In addition to the donations, in the report the SHCP announced that “it is negotiating with these banks guarantee structures that complement the guarantees of the Mexican development bank with the purpose of increasing the capacity of cheap financing to private companies for the reconstruction and recovery of Warrior”.
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In addition, he said that this Friday a meeting was held with the vice president of the Multilateral Investment Guarantee Agency (MIGA) of the World Bank group, Hiroshi Matano, to increase the amount of guarantees that can be used for reconstruction.
DISASTER IN ACAPULCO
The “Emporio Acapulco” hotel, where one of the episodes of the Mexican series “El Chavo del 8” was recorded, was destroyed following the passage of Category 5 Hurricane Otis.
pic.twitter.com/PIi8AYyjXT— Alerta News 24 (@AlertNews24)
October 28, 2023
The agency pointed out that in the same way, together with the FinTech sector, the way in which it might participate in the provision of liquidity credits to both people and MSMEs is being analyzed.
The undersecretary of the SHCP, Gabriel Yorio, emphasized that the agency “promotes various actions in order to enhance guarantees to increase the capacity for cheap loans in the country and thus serve those affected in Guerrero more quickly.”
Also read: 14 humanitarian aid flights have arrived at the port of Acapulco, Mexico
Likewise, he stated, work is being done to increase the region’s insurance capacity once morest natural disasters and expand the use of the FinTech sector for financing.
On Thursday, the Government of Mexico guaranteed that it has financing and will activate two funds for more than 600 million dollars to address the damage left by the hurricane.
This Friday, the Mexican president, Andrés Manuel López Obrador, denied that the authorities had been overwhelmed and ruled out a curfew in the face of looting in Acapulco, in the south of the country, following the devastation of Hurricane Otis, which left at least 27 dead and thousands of victims.
López Obrador even pointed out that his Government has already sent some 10,000 members of the Armed Forces, as well as social workers, technicians and personnel from the Federal Electricity Commission (CFE) to attend to the emergency.
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