Mexico Central Bank PesosMexico’sFinance Ministry said on Tuesday that it will propose using some $2.1 billion in extraordinary funds from the Bank of Mexico for infrastructure projects in 2016, cushioning the effects that next year’s planned budget cuts will have on investment.

As the Central Bank is a nonprofit institution, money that the Bank of Mexico generates above its operational requirement is by law transferred to the treasury as extraordinary revenue. In 2014, the Bank of Mexico had a remainder of 31.4 billion pesos ($2.1 billion approx). The funds don’t include any of the country’s foreign reserves, which currently stand at U$195.6 billion.

The Mexico Infrastructure Projects Forum 2015 will be held on November 11-12, 2015 in Monterrey, Nuevo Leon. For more information click here.