In Mexico, efforts are being made to dismantle the barriers that limit the development of micro, small, and medium enterprises (Mipymes). The goal is to create a more just, equitable, and dynamic business ecosystem, especially during times of economic crisis. The focus on Mipymes has led to the implementation of financial and governmental measures from the Mexico Plan, aimed at facilitating their creation and access to financing.
The importance of Mipymes as generators of more than 52% of GDP and supporters of 78% of formal employment in Mexico positions them as a fundamental pillar of the country's economy. During the 88th Banking Convention, an initiative will be discussed with national financial institutions to achieve this goal.
The federal government has announced the intention to reduce interest rates for Mipymes and increase access to formal credit for these companies, seeking an annual increase of 3.5%. It is intended that large companies recognize that their innovation depends on the agility, creativity, and talent of Mipymes, while the state must guarantee fair competition conditions.
Although reducing paperwork and fees is a positive step, the greatest obstacle to the growth of Mipymes in Mexico lies in concealed monopolies and anti-competitive practices that stifle their development. There is an emphasis on the need for antitrust reforms that protect free competition and highlight the importance of redefining the relationship between large corporations and small businesses.
The implementation of the National Digital Investment Window (VDNI) has been announced as part of efforts to simplify the procedures for the creation and operation of businesses. Furthermore, a greater fight against corruption, access to affordable credits, clear rules, and effective sanction measures are urged so that Mipymes can successfully take off in the market.
