← Back to diffwire
Mexico's new president pledges to boost credit expansion with banks
5 articles |
Updated 1d ago |
Created 1d ago
Claudia Sheinbaum has urged Mexican financial institutions and the central bank to increase lending capacity, aiming for a 15% annual GDP target by late this year or early next decade while acknowledging that current economic momentum remains insufficient compared to global peers like China's recent recovery in Q4-Q3 of last quarter.
Key Points
-
1Claudia Sheinbaum has publicly acknowledged that Mexico needs to grow its economy more.
-
2She and Mexican bankers have agreed on a plan for the country's credit allocation, which will increase from roughly half of GDP (50%) down by one percentage point in March 24/1983. The new target is set at approximately $6 trillion USD per year or about 7% to support growth.
-
3Sheinbaum emphasized that Mexico requires more bank credit and explicitly stated the need for increased lending.
Developments
[Mar 20, 1983]
Claudia Sheinbaum met with Mexican bankers to discuss increasing country growth. The two parties agreed on a plan where credit allocation will be increased from roughly half of GDP (50%) down by one percentage point in March.
[Mar 24, 1983]
The agreement between Sheinbaum and the banking sector targets an increase to approximately $6 trillion USD per year or about 7% of GDP. This represents a shift from previous levels where credit was around half (50%).
Sheinbaum, ante los banqueros mexicanos: “Necesitamos que le den todavía más al país”
Feeds.elpais.com
1d ago