Prevention of financial crises is essential to poverty alleviation. A strong financial sector is key to boost growth and competitiveness, and reduce the risk of crises, which can have a devastating impact on employment levels and poverty incidence. |
This loan directly supports the Government of Mexico's efforts to increase growth in order to improve standards of living and reduce poverty in the medium term . This loan will help improve the capacity of small businesses to participate in the formal market and to increase their competitiveness. This is extremely important considering that small and medium enterprises represent as much as three quarters of total employment in Mexico . |