Mexico joins Latin American stock market (Mila)

08/19/14 BNAmericas

latin_americaLatin American regulators and the Inter-American Development Bank (IDB) have announced the addition of Mexico to the integrated Latin American stock market (Mila).

Following two days of meetings in Mexico and several months of discussions, supervisors from Chile, Colombia, Peru and Mexico signed a cooperation agreement aimed at joining the Mexican stock market to Mila.

Read more…


Bottled-Water Habit Keeps Tight Grip on Mexicans

The New York Times, 7/16/12

A study released last year by the Inter-American Development Bank found that Mexicans used about 127 gallons of bottled water per person a year, more than four times the bottled-water consumption in the United States and more than any country surveyed.

“People are using this water for cooking, for bathing their babies,” said Federico Basañes, division chief for water and sanitation at the development bank…

With the move toward bottled water, families sometimes spend as much as 10 percent of their incomes on water, double what the development bank estimates they should. “Can you imagine a poor family paying their water bills — in some cases a fairly steep amount — and they are buying water on the side because they don’t trust the water they are getting?” Mr. Basañes asked.

Read More…

Mexico will receive largest loans given by World Bank and IDB in 2009 (in Spanish)

La Jornada, 12/12/2008

The Mexican government has decided to return to financing external debt with international financial organizations at a level not seen since the 1980s crisis years. The World Bank confirmed this Thursday that there will be loans for Mexico next year in the order of $3 billion, while the Inter-American Development Bank (IDB) revealed that it will loan $5 billion in 2009 and 2010.

Read more…