Nacional Financiera, S.N.C., Banca de Desarrollo

Nacional Financiera, S.N.C., Banca de Desarrollo (NAFIN) is a national direct access entity based in Mexico. NAFIN is a development bank that aims to contribute to the economic development of Mexico by providing access to affordable financing to micro, small and medium-sized enterprises (MSMEs) operating throughout the country, and to help Mexico meet its international sustainability commitments and transition into a low-carbon economy, in particular for transport and energy efficiency in MSMEs programmes.

NAFIN is a development bank wholly owned by the Mexican government. Its principal goal is to provide access to affordable financing to MSMEs operating throughout Mexico.  It is committed to support Mexico’s efforts to tackle climate change. NAFIN provides financing for priority projects of the Mexican government that contribute to the achievement of Mexico’s climate agenda, mainly supporting projects that aim to reduce greenhouse gas emissions. Since 2010, NAFIN has supported several sustainable projects in the country, including priority projects of the Federal Government and programmes addressed to MSMEs. In 2015, NAFIN issued the first ever USD green bond of Mexico and third in Latin America, and in 2016 the first green bond denominated in Mexican peso (MXN).

Together with GCF, NAFIN intends to: use GCF funding to finance transport and energy efficiency in MSMEs projects and programmes that will help Mexico achieve its sustainable goals and international 
commitments and transition into a low-carbon economy; expand the scale and impact of medium-sized programmes in areas of transport and energy efficiency in MSMEs in Mexico; and promote a paradigm shift within the institution and for other development banking institutions and public trust funds in Mexico.