The IPAB is a decentralized government agency responsible for administering the bank savings protection system in Mexico. Each year, Congress appropriates funds to IPAB to administer and service IPAB’s net liabilities. IPAB’s net liabilities are not considered public sector debt. In emergency situations, IPAB is allowed to obtain
The commercial use of the spectrum frequency bands in Mexico requires a concession that the Federal Telecommunications Institute (IFT) bids and awards for a (renewable) 20-year period. Generally, the bands are tendered to provide service throughout the territory, but in some cases they may be tendered to provide
Automotive exports in Mexico registered an all-time high from January to July 2023, at 105.355 billion dollars, according to Inegi data. These sales had a year-on-year increase of 17%, and if compared to 2019, the year prior to the Covid-19 pandemic, increased 23.9%. Automotive exports accounted for 31
Total alcoholic beverages, especially spirits, have registered strong growth in value over the last 10 years, according to Diageo. Spirits include vodka, tequila, mezcal, brandy and rum. Diageo believes that the spirits business presents long-term sustainable growth opportunities, supported by attractive consumer fundamentals. These include three key factors:
The only GM cotton seeds allowed in Mexico are obsolete varieties and mostly unavailable on the world market, according to a report by the United States Department of Agriculture (USDA). According to cotton producers, ginning companies and government officials from the Ministry of Agriculture and Rural Development (Sader),
By a wide margin, India ranked as the leader in the ranking of the largest rice exporters in the world in 2022. Aindian rice exports were $10.767 billion last year, up 12% over 2021. According to Davis Commodities, the size of the rice market in Asia was valued