Mexico to Receive $600 Million in IDB Financing for Opportunities Program Hispanically Speaking News
go to original September 8, 2013

The well-known Mexican human development program Opportunities will receive $600 million in new financing from the Inter-American Development Bank (IDB) to strengthen the development of human capital in education, nutrition, and health in poor families with the aim of breaking the intergenerational cycle of poverty and guaranteeing a minimum income to vulnerable households.

The conditional cash transfer program benefits 24.3 million Mexican citizens, of whom 95.8 percent are women and 68 percent live in rural areas. The program’s targeting methodology includes a periodically updated survey of household living conditions.

Ninety-eight percent of the loan’s resources will finance payments to beneficiary households that receive transfers in exchange for meeting certain requirements, such as school attendance and medical checkups. From 1998 to 2011 the average level of support in real terms grew 48 percent to 78 percent of the minimum wage.In 2012, the average beneficiary family received about $130 per month.

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