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001458 . The Partnership applauds private sector innovations in the area of remittances, including an initiative by Citibank and Banamex to allow Mexicans in the U.S. to take out a loan, and identify a recipient in Mexico who can then collect the proceeds in the form of supplies to construct a home in Mexico. . . The Partnership endorses the use of remittances to support development projects and create jobs in Mexico. For example, the Inter-American Foundation will grant $2 million (to be matched by the private Mexican foundation Fundamex) to 90 communities in 21 Mexican states with the highest rates of poverty and migration to the United States. . A variety of development projects will improve the quality of life in these. rural communities and offer income-generating opportunities in agriculture, microenterprise and marketing. . The Partnership endorses the. Inter- American Development Bank (IDB)'s recent Multilateral Investment Fund (MIF) grant to .Mexico to promote the development of international Automated Teller Machine infrastructure to improve access to. banking services . in rural Mexico. We support IDB and the World Bank efforts to fund additionalprojects. . "This project underscores the importance of the u.s. and Mexican relationship and the strong economic, social and family ties that bind our two nations. The MIF grant will help increase productivity and raise incomes by expanding the financial services offered to small businesses and microenterprisesacross Mexico. " Jose A. Fourquet U.S. Executive Director Inter-American Development Bank Housing - Promoting Private Investment to Meet Demand and Strengthen Roots . The Partnership will work to facilitate investment in Mexican housing by. Mexicans in the United States through cross-border mortgages and construction loans. The project will design, implement, and evaluate a pilot program to link mortgages to the source of remittances. This project will include the development of model documents and legal and administrative infrastructure to assure cross-border recourse. The project will also include a certification program to assure both the sender in the U.S. and the recipient in Mexico that the transaction is secure. It also will include the development of an immigrant education programon.savjngs, investing remittances in housing, and improving fmancial skills. . The Partnership will encourage U.S. philanthropic organizatioD.s to design, fmance and/or construct low-income housing. For example, the Partnership applauds a housing project undertaken by the USA/Mexico Strategic Alliance and the initiatives of Mexico's Adopt a Community program. Smalland Medium Sized Business ~A Powerful Engine of Employment Growth . The U.S. Export-Import Bank (ExIm Bank), the U.S. Overseas Private Investment Corporation (OPIC), the U.s. Small Business Administration (SBA), the U.S. Trade and Development Agency (TDA),the Mexican Nacional Financiera S.A.(NAFIN), the Mexican . 4