Julio Carranza, president of the Association of Banks of Mexico (ABM), declared that the development plan presented by President Claudia Sheinbaum is “very surprising” since it has a clear vision of what they want to do with Mexico in the coming years. .
“But this is a first part, the first six years, but it also has a long-term vision and this is to strengthen the internal economy,” he told the media.
He added that banks, businessmen and the government have to promote business in Mexico since domestic investment is much greater than foreign investment.
“Foreign direct investment is almost 40 billion dollars, but national investment is 11 times greater than foreign direct investment, where we have to work is on national investment,” said the representative of the bankers.
“This is where we have the big opportunity, and how can we do it? Businessmen, bankers and the government working together on these plans that are perfectly clear,” he commented.
He added that Sheinbaum’s plan, presented today at the National Museum of Anthropology, has different aspects from past projects and that they are “very clearly defined” with dates, actions and those responsible for each of the participating sectors.
“The truth is we are very happy and we are going to support Plan Mexico with everything, what this country needs is to have import substitution so that we have more jobs in Mexico, attract foreign direct investment, but also create development poles,” he said.
Read: Sheinbaum announces 277,000 million dollars of investments ‘that want to reach Mexico’
After recalling that the president said that there will be a development pole in each of the states before the end of this year, he described the announcement as “a very clear function and a very clear objective.”
“We all have to support and we are all in that role with all our commitment to do so,” he said.
He added that the bank “is prepared” to finance Mexican companies to achieve import substitution.
He assured that the sector has 1.3 billion pesos ready to provide loans to entrepreneurs.
“We have repeated on several occasions, we have more than 1.3 trillion pesos ready to lend, we have to, of course, take care of those 1.3 trillion pesos as loans, because it is not our money, remember that it is our savers’ money,” he declared.
He recalled that banking has the business of raising money on the one hand but placing it on the other.
Government seeks to promote competitiveness
Earlier this Monday, Sheinbaum presented Plan Mexico, a strategy that seeks to boost the country’s competitiveness alongside the business sector ahead of the start of Trump’s presidency.
“Our objective with Plan Mexico, among others, is to reduce imports, to produce more in Mexico not only for our market, but also for the regional market,” he said.
During the presentation, the president explained that the objective is to incorporate everyone into a country mission, for each of the Mexicans to be a part.
Read: Sheinbaum presents the ‘Mexico Plan’ to boost competitiveness in the new Trump era
“No matter how many differences we have, in a long-term vision of our country, that is what we are inviting you to. Obviously, free trade, commerce, and private initiative are fundamental, but the idea is that together we are part of this vision of the Mexico of the present and the Mexico of the future,” he noted.
Sheinbaum added that the plan is a mission of equitable, sustainable development of the country, of industrialization, of economic growth but, above all, of well-being “for our people and of benefit to everyone.”
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