European Investment Bank to Fund Mexico's Energy Sector and Development Banks

The European Investment Bank (EIB) is set to finance key energy projects and bolster development banking in Mexico, signaling strong confidence between the EU and the Latin American nation. EIB President Nadia Calviño announced the bank's commitment following the recent signing of a modernized global agreement between the European Union and Mexico.

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We will provide financing for development banking and the energy sector.

Calviño stated that the EIB intends to become a "priority strategic partner for the Mexican economy." During her visit to Mexico, she emphasized the bank's role in mobilizing both public and private investments that align with Mexico's priorities and the new EU agreement. "The European Investment Bank is here in Mexico to provide financing and a seal of quality by mobilizing public and private investments that respond to these priorities and agreements," she said.

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We will seek that the Bank be the 'priority strategic partner for the Mexican economy'.

Specifically, the EIB will provide financing to Mexico's Ministry of Energy to advance electricity transmission and distribution projects, as well as the deployment of renewable energy. Additionally, a loan of 150 million euros will be directed towards Mexico's development banking sector to stimulate private investment in priority areas. Calviño highlighted the swift action following the political agreement, stating, "Four days after the political agreement, we are already relaunching the European Investment Bank's investments in Mexico. I believe that speaks volumes. Actions beyond words."

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The European Investment Bank is here in Mexico to provide financing and a seal of quality mobilizing public and private investments that respond to those priorities and agreements.

Mexican Secretary of Foreign Affairs, Roberto Velazco, acknowledged the "extraordinary moment" in relations between Mexico and Spain, noting Spain's efforts to foster closer ties. He also recognized the historical context, including the impact on indigenous communities, while affirming the strength of current bilateral relations. Calviño added that trust is fundamental in the complex global landscape, emphasizing the opportunities and realities shaping the relationship between Latin America and the European Union, and the shared goal of building a promising future together.

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Four days after the political agreement we are already relaunching the investments of the European Investment Bank in Mexico. I believe that with this everything is said. Beyond words, facts.