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LatinNews Daily - 04 July 2019

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In brief: Mexico

* Mexico’s Banco Nacional de Comercio Exterior (Bancomext), a state-owned bank and export credit agency, Mexico’s development bank Nacional Financiera (Nafin), and the association of Mexican banks (ABM) have announced the relaunch of a programme of business guarantees. According to a report by the official state news agency Notimex, the programme is a joint initiative between the development banks and private banks and its objective is to facilitate access to finance businesses of all sizes. According to Notimex, in the first half of 2019, M$39.35bn (US$2bn) was injected into the Bancomext/Nafin guarantees programme with additional resources of at least M$112.5bn to be injected in the second half of 2019, thanks to the involvement of ABM.