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LatinNews Daily - 09 January 2019
In brief: Mexico
* Mexico’s President Andrés Manuel López Obrador has announced the launch of a new government programme designed to promote financial inclusion in the country. López Obrador said that under the ‘financial sector boost programme’ the federal finance ministry (SHCP), the central bank (Banxico), and Mexico’s banking association (ABM) have all agreed to work together and use new technologies to promote financial inclusion and add 30m users to Mexico’s banking system in the next few years, as well as increasing the availability of credit for households by 50%. According to López Obrador the programme, which will involve a M$80bn (US$4.12bn) investment, will also seek to offer an additional 1.3m mortgages to individuals seeking to buy homes and offer loans to 250,000 micro, small, and medium-sized enterprises.
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