Tourism Sector Auxiliary Industry Fund
On April 3, 2002 the Donors Committee considered a proposal (MIF/AT-462) for an equity investment in the amount of $10 million to create a fund for small and medium-sized ancillary tourism enterprises in Mexico (the Fund or PYMEX). In 2002 the Donors Committee approved $7 million of the amount proposed by Management, with the understanding that it could consider an additional capital investment of $3 million for a second closing depending on the performance of the PYMEX by then. An additional investment of up to $3 million was requested to Management in 2004, based on the PYMEX Fund's performance, which is considered to be very positive.

Project Detail

Country

Mexico

Project Number

TC0202010

Approval Date

April 3, 2002

Project Status

Closed

Project Type

Equity

Sector

-

Subsector

-

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 17,170,000.00

Country Counterpart Financing

USD 7,170,000.00

Original Amount Approved

USD 10,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-7831-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-7831-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing