The Secretary of Finance and Public Credit, Edgar Amador Zamora, announced that the Federal Government will sign an agreement with the Association of Banks of Mexico (ABM) to increase financing to small and medium-sized enterprises (SMEs) by 3.5 percent annually between 2025 and 2030. During the 88th edition of the Banking Convention, he emphasized the importance of collaboration with the banking sector to achieve the objectives of Plan Mexico and move towards a more dynamic and equitable economy.
Amador highlighted that SMEs are fundamental in job creation in Mexico, contributing 70.6 percent of jobs in the country, with more than 19.6 million people employed. However, only 4.4 percent of these companies have bank financing, representing about 242,000 economic units. According to the 2024 economic censuses from INEGI, micro, small, and medium-sized enterprises make up 99.8 percent of establishments in Mexico, which is 5.4 million companies.
The Secretary emphasized the need to support the development of SMEs and close the credit access gaps, especially among microenterprises. Within the framework of Plan Mexico for the year 2030, ambitious goals were set, such as raising investment to over 25 percent of GDP in 2026 and to 28 percent in 2030, as well as creating 1.5 million jobs in strategic sectors. The aim is to increase domestic content in key sectors by 15 percent, reduce investment times, and promote sustainable practices.
Amador stressed the strength of the Mexican economy, with macroeconomic stability and healthy public finances, creating a favorable environment for business investment in the country. Despite moderate economic dynamism in the first quarter of the year, attributed to external factors, it is expected that the economy will continue in a process of moderate expansion in light of the latest available data.
