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Nadia Calviño, the president of the European Investment Bank Group, the European Union (EU)’s investment bank, has met with Mexico’s President
Claudia Sheinbaum, among other top officials, as a follow-up to agreements
recently signed with the EU. In a series of social media posts, Calviño said she had met with Finance Minister
Édgar Amador Zamora, Economy Minister
Marcelo Ebrard, and Energy Minister
Luz Elena González, among others, during her visit which began on 25 May. In a social media post following her meeting with Amador, Calviño said the two had signed a loan with Mexican state-owned development bank, Banco Nacional de Comercio Exterior (Bancomext), to finance innovative climate projects for businesses and support female entrepreneurs. Following her meeting with González, she said the two had agreed a framework of cooperation to identify priority projects of finance and technical support to accelerate the energy transition. A statement by Mexico’s economy ministry dated 26 May highlights that Calviño’s visit signals a “
new phase of economic and financial cooperation between Mexico and the EU to attract investment and develop Mexico’s industry” in line with Sheinbaum’s flagship Plan México, which is designed to strengthen domestic industry and supply chains. The same statement notes that the BEI is planning to invest €3bn (US$3.48bn) in “
strategic projects” in Mexico.
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