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The role of FIDEICOMISO of non‐metallic minerals
Author(s) -
Trejo Alejandro
Publication year - 1990
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1990.tb00370.x
Subject(s) - revenue , business , beneficiation , order (exchange) , finance , financial system , commerce , chemistry
FIDEICOMISO of non‐metallic minerals is a trust development fund aimed at providing credit and technical assistance for the exploitation, beneficiation and downstream processing of non‐metallics. FIDEICOMISO'S funding comes from, in order of importance, the World Bank, operational revenues and federal funds. It is a second tier financial institution operating through the commercial banking system, the latter providing the retail role. In 1987 and 1988 the FIDEICOMISO approved credits for $23 million and $46 million respectively.