Mexico City, Mexico, December 13, 2012—IFC,
a member of the World Bank Group, will lend $18.5 million, approximately
240 million pesos, to Mexican leasing company CHG–MERIDIAN Mexico in order
to expand its leasing of equipment and services to small and medium enterprises
(SMEs) for energy-efficiency, cleaner-production, and renewable-energy
By providing long-term funding, IFC will strengthen CHG-MERIDIAN’s ability
to scale-up its leasing operations in the manufacturing sector for technologies
such as solar-photovoltaic panels, cogeneration, and efficiency upgrades
for manufacturing equipment. This will have a direct impact on lowering
greenhouse gas emissions and encouraging the efficient management and reuse
of scarce energy and water resources.
"Our strategic partnership with IFC will allow us to dramatically
increase financing solutions for clients’ sustainable energy and efficiency
technologies,” said Flavio Trujillo, CEO of CHG–MERIDIAN Mexico.
The investment aligns with a trend in Mexico, where the financial sector
is increasingly supporting the environmentally-friendly management of natural
resources. It will help address, for example, Mexico’s water-related challenges,
where only 33 percent of residential and 16 percent of industrial wastewater
is collected and treated.
“Supporting CHG–MERIDIAN Mexico is an ideal opportunity to leverage leasing
finance to provide Mexican SMEs with the equipment and upgrades that can
slash the use of energy and water, helping protect the environment as well
as bottom lines,” said Roberto Albisetti, IFC’s Senior Manager for Mexico
and Central America.
The investment is part of IFC’s strategy to promote access to long-term
financing for corporate and small and medium companies, for projects that
result in environmental benefits and reductions in greenhouse-gas emissions.
By expanding CHG-MERIDIAN Mexico’s leasing to SMEs, which account for
80 percent of employment and 20 percent of GDP in the country, the loan
will help provide renewables and energy efficiency to a sector critical
to fighting climate change but that has lacked access to these technologies.
Emerging markets represent more than half the opportunities available globally
for reducing greenhouse gas emissions. Small emitters in these markets
play a critical role in achieving these reductions, and their needs are
best addressed through financial intermediaries such as CHG-Meridian Mexico.
IFC has created innovative new structures in renewable energy finance and
developed customized credit lines that help SMEs make energy-efficiency
upgrades, invest in cleaner production technology, and incorporate sustainability
standards into supply chains.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, mobilizing
capital in international financial markets, and providing advisory services
to businesses and governments. In FY12, our investments reached an all-time
high of more than $20 billion, leveraging the power of the private sector
to create jobs, spark innovation, and tackle the world’s most pressing
development challenges. For more information, visit www.ifc.org.
About CHG–MERIDIAN Mexico, S.A.P.I. de C.V.
CHG-MERIDIAN Mexico, S.A.P.I. de C.V. is a Mexican based company that offers
individual financial solutions to its clients. Founded in 1993, the company
offers more than 19 years of experience in its field. As a part of CHG-MERIDIAN
Group, the company is able to offer solutions in 19 countries all over
the world. For more information, visit www.chg-meridian.mx.