MEXICO – IFC
July 1st, 2005
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is pumping US$35 million over 10 years into leading Mexico low-end retailer Coppel, to support expansion plans. Coppel wants to consolidate its position as a national Mexican chain, enhance its credit business, and strengthen corporate governance. The IFC has also assessed and approved a US$195.3 million three-year strategic capital expenditure plan, mainly using private finance. The World Bank body also lent US$30 million to the company in 2002.It has more than 250 stores in Mexico ...
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