The 88th Banking Convention, the most important event in the financial sector in Mexico, will begin this Thursday marked by the first participation of Claudia Sheinbaum as president of the country, and with the aim of seeking strategies to boost the economy before the imminent deceleration facing the country by the commercial war unleashed by the US.
The Forum, which will take place on May 8 and 9 on the Mexican Pacific coast, will bring together financial leaders, government authorities and academics to discuss the challenges and opportunities of the banking system at a time of economic reconfiguration.
The participation of the governor of the Bank of Mexico, Victoria Rodríguez Ceja; the Secretary of Finance and Public Credit, Edgar Amador Zamora; The president of the National Banking and Securities Commission, Jesús de la Fuente, and Altagracia Gómez Sierra, coordinating of the Mexican Government Business Council, among others.
The financial conclave occurs in the midst of lower growth expectations for the Mexican economy, where some specialists point to a recession and the most optimistic to a simple deceleration.
Last week, private analysts of the ‘Survey on the expectations of specialists in private sector economy’ carried out by Banco de México cut the average growth for Mexico in 2025 from 0.5% to 0.2%, while Hacienda reduced to a range of 1.5% to 2.3% its growth expectation for this year.
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In this context, international organizations such as the Organization for Economic Cooperation and Development have provided a recession and fall of the Mexican GDP of 1.3%, while the Economic Commission for Latin America and the Caribbean contracted its projection from 1.2%to 0.3%.
The event will also include an inaugural session with the participation of Sheinbaum, who will give his first message to the financial sector as president of Mexico.
In addition, the signing of an agreement between the Federal Government and the Association of Banks of Mexico (ABM) is expected to boost micro, small and medium enterprises financing, a key issue in the economic strategy of the new government that bets on national production and their integration into the global supply chains.
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Among the outstanding speakers in the program are Eswar Prasad Toleani, an international trade expert at Cornell University; Lauren H. Cohen, professor at the Harvard Business School, and José Antonio Peña Merino, responsible for the federal government digital strategy, who will address the issue of digitalization and reduction in cash use.
One of the most anticipated talks is also ‘the importance of institutions in the development of countries’, which will lead the Nobel Prize in Economics 2024, James Robinson on Friday.
The event, as every three years, also awaits the change of post between the outgoing president of the ABM, Julio Carranza and the new president, Emilio Romano, who until now served as president of Bank of America in Mexico.
With a program loaded with discussions on digital transformation, sustainability and economic recovery, this convention will be a key platform to define the course of the Mexican financial system in the coming years.
With EFE information
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