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Sheinbaum 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.
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Bloomberg Linea broke the news in on Thursday, May 8, 2025.
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