WB Supports Mexico’s Seguro Popular

The World Bank has approved a $1.25bn loan to Mexico to support efforts to increase the number of Mexicans benefitting from the Seguro Popular health insurance plan, while also increasing the plan’s operational efficiency. The project will cost a total of $26.86bn, out of which $1.25bn will be financed by the World Bank and $25.61bn by the corresponding government agency. The facility is an investment loan, denominated in USD and with a maturity of 18 years. The project is expected to close December 31 2013.