Established in 1954 by Mexico’s federal government, Trust Funds for Rural Development (FIRA) is a second-tier development bank. FIRA is comprised of four public trusts (FONDO, FEFA, FEGA and FOPESCA) that are entities of the Federal Public Administration, in which the Ministry of Finance and Public Credit acts as trustor and the Bank of Mexico as trustee.
FIRA is dedicated to supporting the development of Mexico’s rural, agricultural, forestry and fisheries sectors by facilitating access to credit through credit and discount operations, as well as the granting of credit guarantees.
FIRA recently obtained a global ESG rating from MSCI ESG Ratings. This rating ratifies the consolidation of the institutional strategy and actions in environmental, social and corporate governance matters. It also meets the requirements of local and global investors and favours access to a broader funding market.
The rating obtained by FIRA represents a competitive advantage as it is the first Mexican development banking institution to obtain a rating of this type.
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