Modulating Expectations

MEXICO - Report 15 Jan 2014 by Mauricio González and Ernesto Cervera
Executive Summary Last week President Enrique Peña Nieto signed into law the constitutional reforms affecting the financial sector. The government expects these changes to encourage competition in the financial services industry and to increase the amount of credit issued by development banks as well as the volume of credit available from private banks and generally help strengthen the entire financial system.According to Banco de México (Banxico), financial penetration in Mexico currently languishes near 26% of GDP, but it estimates that the financial reform will allow the economy to perma...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.