Bankers will open the portfolio and promote government projects

He banking sector will open the portfolio for support the projects of the next government among which stand out Infrastructure works; financing for micro, small and medium-sized businesses; increase of the financial inclusiony creation of industrial parks.

According to the Association of Banks of Mexico (ABM)the President-elect, Claudia Sheinbaumhe committed, during the campaign, to invest 3.5% of the Gross Domestic Product (GDP) in infrastructurehence The bank is ready to provide 100 billion pesos in financing to water, energy, transportation and housing projects.

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As for the MSME credit support projectthe banking sector has put on the table a pilot program of 30 billion pesos to support these economic units so that they have the opportunity for growth in the short and medium term.

In this sense, The union would give up to 7% additional MSME creditwhich would mean more than 31 thousand additional borrowers.

To support financial inclusionlos banks that operate in the country have Projected annual investment of 24 billion pesos in technology.

This investment will not only increase the digital offering, but also guarantee security in operations… Let us remember that digital banking is the most effective inclusion tool we have, since it is cheaper, is available 24/7 and avoids transfers,” highlighted Julio Carranza, president of the ABM, in the organization’s last press conference.

Refering to investment in 100 industrial parks to promote the phenomenon of relocation of companies known as nearshoringthe bank estimates credit growth business, of up to 77 billion pesos annually, benefiting more than 5 thousand companies in the coming years. In total, the banking sector has 1.3 billion de pesos to finance families, companies and viable projects.

ECONOMIC PROPOSALS

The first woman elected as President of Mexico has reiterated that it will respect the autonomy of the Bank of Mexico (Banxico) and that will promote financial responsibility.

Furthermore, it has made public its intention to create a economic map that serves to create “development poles” that can help improve the business climate, so that more foreign companies settle in Mexico.

These “development poles” would cover different areas of the country such as border area with the United Statesthe coastlines, the Gulf of Mexico and others, while consolidating the projects of the current president Andrés Manuel López ObradorAs the Maya Trends and the Felipe Ángeles International Airport.

Regarding the increase in foreign investment, the new government will seek to ensure that it is done in an inclusive and sustainable manner and that investment in the country is accompanied by improvements in the quality of life of workers and their families.

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