IFC supports Mexico’s SMEs with $30m investment

The International Finance Corporation (IFC), part of the World Bank Group, has announced a $30 million anchor investment in the Nexxus Private Debt Fund II to improve access to finance for small and medium-sized enterprises (SMEs) in Mexico. The fund aims to raise MXN4 billion (approximately $200 million).

The investment addresses a significant financing gap for Mexican SMEs, which comprise 99 per cent of the country’s firms and contribute 70 per cent of employment. IFC’s backing aligns with Mexico’s growing nearshoring opportunities, which are expected to create up to 4 million jobs by 2030.

“The investment in Nexxus aligns with IFC’s commitment to supporting SMEs and promoting sustainable economic growth,” said Juan Gonzalo Flores, IFC’s Country Manager for México.

“By expanding access to finance for SMEs, particularly in the context of nearshoring, we aim to stimulate economic activity, create jobs, and foster inclusive and sustainable development in Mexico,” he added.

Nexxus CEO Roberto Langenauer welcomed IFC’s long-standing partnership, emphasising the fund’s commitment to delivering strong returns and supporting economic development.

Attribution: IFC

Subediting: M. S. Salama