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World Bank Approves $1.5 Million Loan For Mexico

12 September, 2012

The World Bank announced its approval of a US$1.5 billion dollar loan to Mexico
yesterday.

The money will be used to expand Oportunidades,the national program which
helps 5 million of the poorest families in the country.

This new
financial support is aimed at contributing to the improvement of the conditions
of health,education and nutrition for the most underprivileged families. Money
transfers will be granted to families in exchange for periodic medical check-ups
and attendance to workshops on health related issues,and regular school
attendance for children and teens.

Axel van Trotsenburg,World Bank
Director for Mexico and Colombia,said,"This loan represents an integral part
of a scaled up assistance program to Mexico which is expected to reach about
US$4 billion in 2009."

For more
information visit the World Bank's
website.

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