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LatinNews Daily - 24 July 2019

In brief: Mexico’s ABM to provide US$26bn for productive activity

* Mexico’s President Andrés Manuel López Obrador has announced that the Mexican banking association (ABM) will make up to M$500bn (US$26.1bn) in loans available to boost productive activity in the country. President López Obrador announced the agreement – which he described as a sign of confidence in the country from the banking sector – following a meeting with presidents and directors of more than 50 banks that make up the ABM.

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