The Inter-American Development Bank (IDB) announced Monday it would donate $400,000 to the Mexico Red Cross to support reconstruction in several states in Mexico affected by the two storms Ingrid and Manuel.

The money would be distributed to areas ravaged by heavy rains and massive landslides and assist local communities to do reconstruction and rebuilding work, IDB President Luis Alberto Moreno said when attending the XVI Inter-American Microenterprise Forum 2013 in Guadalajara, a city of Jalisco state in central western Mexico.

The Mexican government has not made full preparation for the post-storm reconstruction and the total fund to pay for the cleanup by government was estimated at about 75 billion pesos (some $5.7 billion), Moreno said.

The bank is now waiting for the approval of the Finance Ministry, Moreno said, adding that "we are in the process, as we are indicated, the financing for the reconstruction."

The two storms that began to batter Mexico in mid-September have killed at least 147 people and left swaths of the country under water, buckling bridges and destroying highways. About 30,000 people were still living in shelters currently.

States of Guerrero, Michoacan, Tamaulipas, Chihuahua, Chiapas, Jalisco, Puebla, San Luis Potosi, Oaxaca, Veracruz and Zacatecas were among the most affected regions in Mexico.