In Mexico, 99.2 percent of companies belong to the segment of micro, small, and medium enterprises (MiPymes), which is a positive figure. However, to boost them, greater efforts are required according to Altagracia Gómez, coordinator of the Business Advisory Council of the Government of Mexico. During the 88th Banking Convention, she mentioned that banks, the government, and companies interacting with MiPymes must improve their contribution. She emphasized the importance of formalizing SMEs and promoting the use of digital payments in social programs.
At the event, Graciela Márquez, president of the National Institute of Statistics and Geography (INEGI), recalled the existence of exclusive chapters for SMEs in Mexico's trade agreements, including the USMCA. She pointed out the example of Canada, which supported its exporting companies by joining NAFTA. She highlighted the need to turn these opportunities into wealth and well-being generation for the country and its trading partners, particularly the United States.
Altagracia Gómez also emphasized the 80 percent mortality rate that MiPymes face in the first two years, highlighting the importance of stopping this situation. She mentioned digitization and simplification as key tools in this task. Eduardo Osuna, vice president and general director of BBVA Mexico, identified informality as one of the main obstacles for SMEs to obtain credit, advocating for the digitization of the economy as a way to combat this problem. Everyone agreed on the need to focus efforts on digitizing the economy to transform the country and improve the outlook for businesses in the country.
