US EditionSheinbaum promises to expand much-needed access to credit in Mexico
- On May 8, 2025, President Claudia Sheinbaum formalized a pact during the 88th National Banking Convention in Nayarit aimed at enhancing credit opportunities for small enterprises across Mexico in collaboration with the Mexican Banking Association.
- The agreement responds to Mexico’s historically low credit availability for businesses and households, worsened by external challenges such as tariffs imposed by President Trump.
- Sheinbaum highlighted that the government and banks will raise credit by 3.5% annually for micro, small, and medium enterprises and simplify loan procedures alongside lowering interest rates.
- Citing World Bank data, Sheinbaum said Mexico ranks near last worldwide in credit access for companies and households, noting only 33% of the population currently receives credit.
- The agreement aims to improve financing conditions, targeting 30% of small businesses with loans by 2030, which Sheinbaum called essential for economic growth and public well-being.
24 Articles
24 Articles
As part of the various aspects of the Welfare Finance, through the Inicia program, this body will support the production of textile artisans of the Costa Chica de Guerrero in its limits with Oaxaca, said President Claudia Sheinbaum. In addition, it emphasized that Finabien will be the financial institution that will support the credits for houses that the National Housing Commission will grant to people without access to Infonavit or Fovisste.
Sheinbaum promises to expand much-needed access to credit in Mexico
President Claudia Sheinbaum has signed an agreement with the Mexican Banking Association to boost credit access for small businesses, which she called a critical factor in stimulating economic growth. The president announced the accord during her keynote address at the 88th National Banking Convention, which began Thursday in Nayarit. The agreement aims to facilitate access to financing for micro, small and medium-sized enterprises, known in Mex…
Public officials who participated in the opening of the Banking Convention, especially President Sheinbaum and Finance Secretary Edgar Amador, shared this optimism.
Mexico City.- President Claudia Sheinbaum assured the bankers of the country that one of the main objectives of the sector must be to increase access to credit for Mexicans. By participating in the 88 Banking Convention, the governor said that if you compare the level of access that is registered in other countries, Mexico has a problem because it has a low level. "If we compare with Japan, with the United States, with Korea, with France, with C…
The most important financial meeting in Mexico has started this Thursday on the coast of Nayarit. The captains of the 51 banks in the country exchanged the ties for the guayaberas to go to the beaches of Nuevo Vallarta and address the economic challenges with the top plan of the Claudia Sheinbaum government. The 88 Banking Convention of the Association of Banks of Mexico is carried out under the shadow of the protectionist policies of the United…
Redacción / Grupo Cantón Calls to lower interest rates: ‘Inaccessible credits slow down SMEs. Mexico City.- The Chief of the Federal Executive, Claudia Sheinbaum, revealed that her recent meeting with bankers of the country showed a fundamental change in the perception of the financial sector about the economic model of the 4th. “A [...] The post Banking Convention endorses new economy of the 4T appeared first on Quintana Roo Today.
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