Lending reform could boost Mexican economy

A bill to boost bank lending in Mexico would have an immediate impact on the economy, helping to boost growth as soon as next year, Deputy Finance Minister Fernando Aportela said.

The bill encourages development banks to work more closely with the financial industry to lift lending, which reached only 26 percent of gross domestic product last year. 

Mexico’s commercial bank lending as a percentage of gross domestic product is the lowest among Latin American nations, according to the International Monetary Fund.

Source: Bloomberg