The instrument was issued in April and will be divided into two parts: one for 2,895 million pesos at 3.1 years and another, with a duration of one year and a half, for 5,515 million pesos.
The main objective of the FIRA bond is to finance 88 different types of investment that will focus on promoting the mobilization of resources towards activities that contribute to social well-being and care for the environment.
Jesús Elizondo, general director of FIRA, said that it is a commitment to the producers, since the effects of climate change on their lives and their modes of production are rarely analyzed, so they will seek to give the elements to the producers so that they resist the effects of climate change and return to their original form of production.
“In January, when the financing of Nacional Financiera stopped, FIRA entered to take over. To date, the number of producers already migrated reaches 29,000 and in terms of amounts, we have progress close to 6,000 million pesos, ”explained Elizondo.
Elizondo pointed out that FIRA has to be very realistic and take for granted that the climate change situation will continue to affect municipalities, since there is evidence that even if greenhouse gas emissions are cut today, the effects will continue to be manifested by the next 20 or 30 years.