Interveners in the FDN?

After invoking “causes of force majeure”, Baldemar Hernández Márquez arrived at the National Palace for his first meeting of 2022 with Rogelio Ramírez de la O. The general director of the National Development Finance had to present his annual goals to the Secretary of the Treasury but the Tabasco official —after being infected with Covid-19— had to take extreme care.

Justified, his absence from the central offices. Unjustified, the deterioration of the main public financing institution for producers in the Mexican countryside. In mid-2020, Hernández Márquez received a call from the Office of the Presidency: Andrés Manuel López Obrador had an assignment for him.

The institution closed 2020 with a placement of 48,129.8 million pesos —the goal that year was 65,000 million— and a past due portfolio of more than 12 percent. A year later, Hernández Márquez judged that he had fulfilled the tasks entrusted to him by his friend and countryman, after having launched the program called Credito Seguro, which resulted in a drop in the placement of the institution and its operation. in red numbers.

But Ramírez de la O gave him a vote of confidence and agreed to the proposal to “strengthen” the FDN, whose first step consisted of an administrative reengineering, led by Isabel Montoya Obregón, then deputy director of administration and finance. A month ago, through a communication sent by email to the regional and state offices, the institution’s board announced changes in the substantive areas, as well as a realignment of priorities.

“We are going to grant loans to viable projects, as well as provide alternative solutions to financing that are currently in trouble (sic)”. But the numbers don’t lie: at the end of the first semester of 2022, the placement of loans accumulates 15,063 million pesos, just 20.3% of the annual goal and 19.2% less than the progress registered in the same period of 2021. The past due portfolio is of 6,909 million pesos.

The attached addresses disappeared from the organization chart of the FND. Now “corporate units” work, whose owners were proposed by Hernández Márquez to the board of directors, for its ratification. The five new holders, however, were appointed directly by the head of the SAT, Raquel Buenrostro.

Except for Francisco Javier Conde Elizalde —who left SENASICA’s administration and IT department to become head of the Business Promotion and Regional Coordination Unit— the new top managers of the Financiera lack prior knowledge of the agricultural sector.

To the complaints of the employees of the institution for what they consider an intervention by the tax authorities, more serious criticisms are added than those that Secretary Ramírez de la O was already aware of. And it is that the FND board failed to integrate a strategy and a team with vision and leadership in the opinion of Gabriela Hernández Cardoso, who resigned as an independent director on May 24.

“There is a significant setback in all senses,” he lamented, “and my participation no longer benefits the institution, so I am forced to present my resignation based on the value with which I have always performed my roles: before interest personal is the interest of Mexico”.

Alberto Aguirre


Vital signs

Journalist and columnist for El Economista, author of Doña Perpetua: Elba Esther Gordillo’s power and opulence. Elba Esther Gordillo against the SEP.

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