An aspiring emerging country and global development partner
Mexico is an aspiring emerging country and the second largest economy in Latin America after Brazil. Mexico did experience a short slump during the financial crisis in 2008, but the economy is now growing steadily again. Nevertheless, extreme social differences still prevail as almost half of the population lives in poverty. The economic recovery has also brought new problems, first and foremost increasing environmental burdens, crime and a lack of transparency. KfW Development Bank is actively involved in protecting the environment in Mexico and supports the government with expanding renewable energies and the efficient use of energy.