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Tourism Sector Auxiliary Industry Fund

Sector: Hotel • Location: Mexico

Source: Inter-American Development Bank (IADB)

Project
Closed

On April 3, 2002 the Donors Committee considered a proposal (MIF/AT-462) for an equity investment in the amount of $10 million to create a fund for small and medium-sized ancillary tourism enterprises in Mexico (the Fund or PYMEX). In 2002 the Donors Committee approved $7 million of the amount proposed by Management, with the understanding that it could consider an additional capital investment of

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The project “Tourism Sector Auxiliary Industry Fund” is an infrastructure initiative in the Hotel sector, located in Mexico. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

closed

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Description

Description

On April 3, 2002 the Donors Committee considered a proposal (MIF/AT-462) for an equity investment in the amount of $10 million to create a fund for small and medium-sized ancillary tourism enterprises in Mexico (the Fund or PYMEX). In 2002 the Donors Committee approved $7 million of the amount proposed by Management, with the understanding that it could consider an additional capital investment of $3 million for a second closing depending on the performance of the PYMEX by then. An additional investment of up to $3 million was requested to Management in 2004, based on the PYMEX Fund's performance, which is considered to be very positive.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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