World Bank Group member IFC infused US $50 million in favor of Credit Suisse Mexico Credit Opportunities Trust. This brings Credit Suisse's total capital to around US $550 million.
The Mexico-based fund, along with other investors and a number of Mexican pension funds, have already pooled in US $500 million for the trust.
The transaction is included in IFC's overall capital markets strategy, which seeks to "help mobilize local institutional investors and deepen capital markets." The policy plans to promote economic growth in nations where capital is limited.
"Credit Suisse brings global knowledge and expertise and the ability to mobilize domestic institutional investors to help Mexican firms obtain financing through local capital markets," said IFC's Director of Financial Markets for Africa, Latin America, and the Caribbean Paolo Martelli.
"It's great to see this type of competitive funding being made available to growing Mexican companies that are in need of financing," he added.
IFC aids developing countries attain sustainable development by funding investment, gathering up capital in international financial markets as well as offering consultative services to businesses and governments.
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