Baring Mexico Private Equity Fund (Capital Increase) Summary Of Project Information (SPI)       Project Name    Mexico-Baring Mexico Private Equity Fund Capital Increase        (Baring Mexico Fund II)        Region    Latin America and Caribbean      Sector   Project No009357   Projected Board DateDecember 17, 1998   Company NameBaring Mexico Private Equity Fund, L.P.   Technical Partner and/or Major Shareholders    	The investors in The Baring Mexico Private Equity Fund, L.P. (BMPEF or the Fund) consist of IFC (25%), Nafinsa (20%), ING (22%), FMO (13.8%), IIC (13.8%), and AFIS (5.4%).  IFC also has a 10% interest in Baring Mexico (GP) Limited (BMGP), the general partners of BMPEF.  Baring Private Equity Partners (Mexico), S.C. (BPEPMEX) is the advisory/management company. Its shareholders consist of Baring Private Equity S.A., the Spanish affiliate of the Baring Groups global private equity operations (89.8%), IFC (10%), and the General Manager of BPEPMEX.    Project Cost Including Proposed IFC Investment    	A US$13.64 million to US$23.64 million increase in the Fund''s total committed capital, including up to US$5.91 additional committed capital by IFC for up to 25% of BMPEF.  In addition, IFC would have co-investment rights for up to US$10 million to co-invest with the Fund in selected portfolio companies.  IFC would also invest up to US$ 60,000 for capitalization of the management company.  BMPEF currently has total committed capital of US$36.36 million.    Location of Project and Description of Site    	Mexico City, Mexico.    Description of Company and Purpose of Project    	The Fund, which began operations in May 1996, takes significant minority equity stakes in unlisted Mexican middle-market enterprises.  In view of a strong pipeline the Fund''s management would like to increase the size of the Fund to US$ 50 - 60 million.  This project is consistent with IFCs strategy to promote private equity markets in the Latin America and Caribbean Region.  Through equity investments and input into management and strategy the Fund provides support for restructuring and modernizing medium-sized Mexican companies.    Environmental Category and Issues    	This is a Financial Intermediary (FI) Tier 2 project according to IFC''s environmental review procedure.  The Fund Manager will continue to be required to undertake an environmental review of each subproject to ensure compliance with host country requirements, IFC environmental and social safeguard policies and, if applicable, World Bank Group environmental, health and safety guidelines.  IFC clearance must be obtained prior to making any investment with IFC funds in any Category A project.  In the case of direct IFC investment made pursuant to the co-investment agreement, all subprojects must meet the relevant World Bank group guidelines, be subject to IFCs disclosure of information policy and be cleared by IFC.       Date SPI sent to InfoShop     November 16, 1998      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384