Climate Finance | May 20, 2021

Altum Capital expands climate finance in Mexico with $50 million from IFC

Dennis Price
ImpactAlpha Editor

Dennis Price

ImpactAlpha, May 20 – The International Finance Corp. estimates that $791 billion in climate and clean energy investments are needed in Mexico by 2030 to reach the country’s emissions reduction goals.

Mexico City-based Altum lends to non-bank financial institutions and micro, small and medium-sized enterprises in Mexico. The MXN 1 billion ($50 million) loan from IFC, an arm of the World Bank Group, will boost finance for Mexico’s small businesses and climate-related projects.

The investment “will encourage other funders to replicate and further expand this source of financing to support the country’s climate goals,” says IFC Mexico’s Juan Gonzalo Flores.