In the framework of its 85th anniversary, the National Bank of Foreign Trade (Bancomext) announced four new financing programs.
“With its solid financial structure, Bancomext is in a good position to face the challenges of the future and support the efforts that the government requires, to improve the well-being of the population of Mexico”, said Luis Antonio Ramírez, general director of the institution.
The first of these programs, he explained, is first-tier financing for companies in the industry sectors, commercial and of serviceswhose annual sales are less than 250 million pesos, with credits of up to 60 million, and terms of up to five years, destined for working capital, equipment and even payment of liabilities.
The official added that another three are from second floor financingand one is for him supply development linked to global export chains, aimed mainly at suppliers from strategic sectors such as automotive, aerospaceY electric-electronic.
another is for pure lease, which will promote modernization and equipment, in order to increase the productive capacity of exporting companies and their suppliers; and one more for women entrepreneurs who export, which includes credit with better conditions in rates and guarantees.
“With the banks Multiva, Mifel and Ve por Más, we launched a pilot program, whose objective is to promote regional vocations, and we will do the same with non-bank financial intermediaries,” said the official.
Enough to overcome adversity
The director of Bancomext highlighted that the biggest challenge for this development bank is its future, and although it is true that the situation the world is going through is complex, the institution has the sufficiency to overcome these adversities thanks to its capacity to adapt and evolve, while continuing to fulfill its mission.
In this sense, he underlined that his most important task going forward, without ceasing to support the export-producing sectors, has to do with the implementation of a policy that gives priority to current and potential suppliers of exporting companies, in particular those small and medium that, due to lack of credit support, have not been able to join global value chains.
“Give continuity to its mission, but at the same time contribute to the purposes of the Fourth Transformation that we want for the country, which in our case means continuing to promote the export sector, ensuring that its dragging effect extends to a greater number of companies and regions in the country, for the benefit of a greater number of Mexicans”, he emphasized.
(With information from Edgar Juarez.)
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