FIRA Advisory Councils in the Western Region

According to Inegi, in 2019 the West participated with 21.1% in the national Gross Domestic Product and has established itself as one of the most dynamic regions of Mexico

Since its creation in 1954, FIRA has been established as a specialized institution that provides technical and financial knowledge to government entities in the rural, agricultural, forestry and fishing sectors for the definition of public policies related to the Mexican countryside.

Since 2013, it operates under a sustainability scheme as a competitive agricultural development bank, which has managed to have a greater number of beneficiaries and accredited through its credit services, guarantees, training, technical assistance and technology transfer, developing new programs tailored to the needs of their clients.

On October 25, the first Advisory Council of the Western Regional Directorate was installed, which was attended by the main officials of FIRA and 31 of the most important businessmen in this region, who represented the productive sector of avocado, grains, vegetables, oilseeds, fruit trees, cattle, swine and poultry, as well as the Tequila Regulatory Council, associations of pig farmers and sugarcane growers.

The participation of businessmen will allow the improvement of the credit and operation policies of FIRA for this year and those to come.

Its importance lies in the participation of companies, economic organizations, government agencies and key stakeholders, whose experience and vision help to strengthen strategies and gather diverse opinions to improve the efficiency and effectiveness of FIRA’s operation.

It is about promoting an inclusive, sustainable and productive agri-food and rural sector, taking advantage of the plurality of the Advisory Council, taking into account its opinion, criteria and knowledge of the different value networks.

There will be two sessions per year where it is intended that its integration is balanced and maintains the representation of the business sectors, government and other participating entities, with topics of interest to all parties.

Commitments will be generated for their analysis and resolution, so it is important to establish the scope, responsibility and expected impacts.

FIRA has five regional directorates in its operational structure: Northwest, North, West, South and Southeast.

The Western Regional Directorate is made up of the states of Aguascalientes, Colima, Guanajuato, Jalisco, Michoacán, Nayarit, Querétaro, San Luis Potosí and Zacatecas.

According to the National Institute of Statistics and Geography (Inegi), in 2019 the West participated with 21.1% of the national GDP and has established itself as one of the most dynamic regions in Mexico.

In the period from 2015 to 2019 it grew at a real rate of 2.6%, while the national GDP grew at a real 1.9%.

As of October 2021, this regional has contributed 32.8% of FIRA financing.

Among the relevant topics discussed by the participating entrepreneurs, it was highlighted the maintenance of credit and guarantee products at competitive levels to improve the productivity of the agricultural sector, such as risk management tools, among which are hedges and insurance funds, new technologies used in agriculture, coupled with environmental sustainability.

With this, FIRA’s three strategic objectives are fulfilled: promoting financial inclusion, promoting increased productivity and contributing to the development of the aforementioned sectors through new technologies for environmental sustainability.

* Genaro Chávez Rubio is FIRA’s Western Regional Director and Efraín Hernández Martínez is FIRA’s Western Business Promotion Deputy Director. “The opinion expressed here is that of the authors and does not necessarily coincide with the official point of view of FIRA.”

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Reference-www.eleconomista.com.mx

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