IFC Is Ready to Invest up to $2 Billion Pesos in ABL Trust Mexico to Promote SMEs Recovery

The International Finance Corporation (IFC), member of the World Bank Group, announced an initial investment of MXN 300 million pesos (approximately $15 million equivalent) in ABL Trust Mexico, a trust conformed by MAS Leasing and Jolly Haul, two Mexican leasing companies, with the objective of providing Small and Medium Enterprises (SMEs) with financing for investing in logistics and equipment in the context of the crisis caused by COVID-19.

This investment is the first of five proposed commitments to ABL Trust Mexico that could reach a total of $2 billion pesos (approximately $100 million equivalent) in the next three to five years. This initiative introduces a replicable, innovative funding instrument in the Mexican capital markets, which will channel capital to SMEs through asset-based lending, while tapping into stable sources of funding from domestic institutional investors.