The banking sector supports its actions and trusts in the Mexico Plan on this new path. Last April, the current president presented herself to the banking community at the Banking Convention as a candidate to be the first woman in the Executive Power. The event that starts today focuses on signing an agreement that will facilitate greater access to financing for SMEs.
In the first quarter of this year, all financial institutions in the country show liquidity metrics equal to or greater than the required minimum, which is 100%, according to data from the National Banking and Securities Commission (CNBV). The banking sector has more than 1.3 trillion pesos to lend and is committed to doing so in collaboration with the government and companies to boost the country's growth, according to Julio Carranza, president of the Association of Banks of Mexico (ABM).
Julio Carranza emphasized that with the successful implementation of the Mexico Plan, the domestic market will be strengthened while attracting foreign investments. They highlighted President Sheinbaum's stance regarding the policies of Donald Trump, the President of the United States, from Banamex and HSBC.
Alvaro Jaramillo, general director of Citi Mexico, pointed out that, in addition to external risks such as a possible recession in the United States, Mexico faces internal challenges including fiscal improvements and the execution of judicial reforms. Despite the uncertainty, Julio Escandón from Banco Base indicated the interest of foreign investors in Mexico and the need for collaboration between development and commercial banks.
Regarding investment, ensuring legal security, providing basic services, and having adequate infrastructure is key to attracting investments, according to Tomás Ehrenberg of Grupo Financiero Ve por Más. For Tonatiuh Rodríguez of Banco Azteca, there are advances in the country's economy that favor financing and growth.
President Sheinbaum recently requested Secretary of Finance, Edgar Amador, to engage in dialogue with the banking sector to improve financing conditions for SMEs. Eduardo Osuna Osuna from BBVA Mexico emphasized the need to work on factors beyond the banks' willingness, such as increasing guarantees for certain sectors and advancing regulation and digitization of SMEs.
During the first seven months of her term, Claudia Sheinbaum has faced various challenges, including the relationship with the new administration of the United States. In her own words: "It is beneficial for the three countries to continue working together, and I believe that eventually reason will prevail, and we will continue to integrate. It can't get any better."
