The reform to Mexico‘s Mining Law approved by the Chamber of Deputies, but still pending ratification in the Senate, is of concern to the Canadian government. This was stated by Mary Ng, Canada’s Minister of Small Business, Export Promotion and International Trade, to Mexico’s Secretary of Economy, Raquel
Through a newly established network of private financial intermediaries, the World Bank’s Rural Finance Expansion Project increased the availability of financing for rural SMEs in areas where Mexico‘s commercial banks have been unable to reach local producers. Limited access to finance is a bottleneck to growth and poverty
The Mexican banking system is comprised of Banco de México (Banxico), commercial banks, development banks and public trusts created by the federal government for economic development that carry out financial activities, as well as banking self-regulatory bodies. Pursuant to the Law of Credit Institutions (LIC), public trusts for
Grain prices will continue to increase in 2023 because risks in the geopolitical context, in the energy sector and fertilizer prices are high, projected the French credit insurer Coface. So it can be said that the entire value chain will continue to be affected in 2023. The war
Mexico‘s economy posted 3.1% y-o-y growth in 2022, driven by private consumption and manufacturing. Going forward, BBVA forecasts that private consumption will continue to show resilience in 2023, while manufacturing will weaken in the face of lower external demand. The manufacturing sector regained its pre-Covid-19 pandemic output level
The World Bank projects monetary poverty using the $6.85 a day poverty line (2017 PPP) to decline from an expected 28.9% in 2023 to 28.7 and 28.2 in 2024 and 2025, respectively. But overall, poverty and inequality are persistent in Mexico. In 2020, the poverty rate was 43.9