Infrastructure Ratings Agency For Mexico

The US and Mexico have said they are keen to see an infrastructure ratings agency established to rate large building projects in Mexico. The agency could potentially be set up with support from the IDB and would improve information for investors and help increase flows of capital to the country’s infrastructure projects. Following a meeting last week, US Treasury Secretary John Snow and Mexican Finance Minister Francisco Gil said they would like to see a multilateral agency set up to help foster infrastructure development and speed Mexico’s economic growth.