The role of FIDEICOMISO of non-metallic minerals

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.