IFC Supports Mexican Infrastructure

IFC, the private-sector arm of the World Bank Group is investing up to $50 million for a 19% stake in Mexican infrastructure firm Infrainvest, a subsidiary of local constructor ICA. Atul Mehta, IFC’s director for Latin America and the Caribbean, commented: “IFC is partnering with ICA in Infrainvest through this equity investment in order to enhance the company’s ability to respond to Mexico’s growing infrastructure investment needs”.