Information Technology Development

Abstract*

The objective of the Information Technology (IT) Industry Development Project is to assist the Government of Mexico to implement an alternative strategy for Development Program for the Software Industry (PROSOFT) to foster the creation of jobs in Mexican IT Companies by improving their competitiveness and efficiency through access to: (a) a larger supply of trained personnel; (b) technologies, quality standards, and global marketing networks of multinational... Show More

Development Objective

The general objective of the Project is to contribute to developing the IT and ITES Industry in Mexico, by improving its human skills, infrastructure, links between local and global companies, financing and legal and regulatory framework.

Key Details

Project Details

Project ID
P106589
Status
Closed
Team Leader
Arturo Muente Kunigami
Borrower 2
Secretaria de Hacienda y Credito Publico

Country
Mexico
Disclosure Date
September 11, 2007
Approval Date
(as of board presentation)
July 10, 2008
Effective Date
April 20, 2010

Total Project Cost 1
US$ 80.00 million
Implementing Agency
Secretary of Economy (Secretaria de Economia)
Region
Latin America and Caribbean
Fiscal Year 3
2009

Commitment Amount
US$ 80.00 million
Environmental Category
B
Last Update Date
March 6, 2022
Closing Date
December 31, 2015

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Infrastructure and Access6%
- FY17 - MSME Finance6%
FY17 - Financial Stability44%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring44%

FY17 - Private Sector Development

FY17 - Business Enabling Environment45%
- FY17 - Investment and Business Climate45%
FY17 - Enterprise Development6%
- FY17 - MSME Development6%
FY17 - Jobs100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	80.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	80.00
IDA Commitment	N/A
IBRD + IDA Commitment	80.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	80.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jul 10, 2008	IBRD-75710	Loan Commitment	80,000,000.00
Dec 15, 2015	IBRD-75710	Loan Disb	668,243.70
Nov 25, 2015	IBRD-75710	Loan Disb	669,014.75
Sep 15, 2015	IBRD-75710	Int Charges	172,005.14
Dec 3, 2015	IBRD-75710	Loan Disb	386,499.53
Dec 3, 2015	IBRD-75710	Loan Disb	821,023.20
Sep 23, 2015	IBRD-75710	Loan Disb	1,067,500.50
Mar 15, 2016	IBRD-75710	Int Charges	236,201.53
Mar 4, 2016	IBRD-75710	Loan Disb	1,002,405.70
Feb 18, 2016	IBRD-75710	Loan Disb	434,031.66
Apr 27, 2016	IBRD-75710	Loan Disb	2,212,203.80
Sep 15, 2016	IBRD-75710	Int Charges	427.62
Sep 15, 2016	IBRD-75710	Int Charges	400,616.20
Apr 11, 2016	IBRD-75710	Loan Disb	382,389.75
Apr 30, 2016	IBRD-75710	Loan Cancel	6,851,511.00
Mar 15, 2017	IBRD-75710	Int Charges	536,950.56
Sep 15, 2017	IBRD-75710	Int Charges	624,363.00
Mar 15, 2018	IBRD-75710	Int Charges	628,894.10
Mar 15, 2018	IBRD-75710	Loan Repay	73,148,488.00
Oct 16, 2014	IBRD-75710	Loan Disb	9,197,983.00
Sep 15, 2013	IBRD-75710	Int Charges	65,100.52
Dec 19, 2013	IBRD-75710	Loan Disb	10,112,327.00
Dec 3, 2013	IBRD-75710	Loan Disb	10,152,120.00
Mar 15, 2014	IBRD-75710	Int Charges	81,449.90
May 5, 2014	IBRD-75710	Loan Disb	850,494.80
Dec 17, 2014	IBRD-75710	Loan Disb	6,759,649.00
Sep 15, 2014	IBRD-75710	Int Charges	94,766.82
Mar 15, 2015	IBRD-75710	Int Charges	124,307.82
Jun 5, 2015	IBRD-75710	Loan Disb	1,713,483.20
Oct 20, 2015	IBRD-75710	Loan Disb	1,244,999.40

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2016-01-05
Progress towards achievement of PDO	Satisfactory	2016-01-05
Financial Management	Moderately Satisfactory	2016-01-05
Monitoring and Evaluation	Satisfactory	2016-01-05
Project Management	Satisfactory	2016-01-05
Overall Safeguards Rating	Satisfactory	2016-01-05
Procurement	Moderately Satisfactory	2016-01-05
Overall Implementation Progress (IP)	Satisfactory	2016-01-05

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2016
Outcomes
Risk to Development Outcome	Substantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-29-2016	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increased overall debt portfolio of IT companieis in the financial system (US$ million) Value 5.8 47.20 36.0
Date July 10, 2008 October 26, 2015 December 31, 2015
Comment
Satisfaction with effectiveness of México First training programs Value 0.00 87.00 80.00
Date July 10, 2008 October 26, 2015 December 31, 2015
Comment
Companies with technical capacity, quality standard certifications, and access to new markets Value 0.00 701.00 390.00
Date July 10, 2008 October 26, 2015 December 31, 2015
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of certified persons from MexicoFIRST Value 0 102527 64,293
Date July 10, 2008 October 26, 2015 December 31, 2014
Comment
Number of IT Companies that participated in the FIT Accreditation Program Value 0 100 100
Date July 10, 2008 December 15, 2015 December 31, 2014
Comment
Number of IT Park's projects supported by technical assistance andd/or infrastructure Value 0 6 6
Date July 10, 2008 October 26, 2015 December 31, 2014
Comment
Outsourcing of Govenrment Services, governement entities trained and feasibility studies Value 00 15; 6 12; 5
Date July 10, 2008 October 26, 2015 December 31, 2014
Comment
Number of public officials trained on IT Sector Legal Framework Value 0 796 450
Date July 10, 2008 October 26, 2015 December 31, 2014
Comment
Number of IT clusters supported by the PROSOFT program Value 0.00 16.00 14.00
Date October 26, 2015 December 31, 2014
Comment

Increased overall debt portfolio of IT companieis in the financial system (US$ million)	Value	5.8	47.20	36.0
	Date	July 10, 2008	October 26, 2015	December 31, 2015
	Comment

Satisfaction with effectiveness of México First training programs	Value	0.00	87.00	80.00
	Date	July 10, 2008	October 26, 2015	December 31, 2015
	Comment

Number of certified persons from MexicoFIRST	Value	0	102527	64,293
	Date	July 10, 2008	October 26, 2015	December 31, 2014
	Comment

Outsourcing of Govenrment Services, governement entities trained and feasibility studies	Value	00	15; 6	12; 5
	Date	July 10, 2008	October 26, 2015	December 31, 2014
	Comment