Mexico, unique destination in the world to invest: Banamex

Mexico is a “unique in the world” destination to attract investments from any industry. However, for the money to arrive it is necessary to create conditions that provide certainty, stated the general director of the National Bank of Mexico (Banamex), Manuel Romo.

He pointed out that little by little the local and international environment is beginning to give investors the necessary tools to inject capital, but work must be done on issues that have been pending for some years, one of the most relevant being security.

“In the short term we must generate certainty of security and we also have to invest in the medium and long term in education, in employment. We are an economy that geographically is within the largest production in the world and the opportunity must be taken advantage of… Mexico is a truly unique destination to attract investments,” said Romo.

In a meeting with the media, he highlighted that any financial firm or investor, to inject capital, seeks “clear rules and certainty for the future, certainty of the conditions under which it is going to invest. The more there are clear rules in the country, the better it is for the investment environment to the extent that there are changes, that there is uncertainty about what the rules of the game are like in the business environment in Mexico, because the investment hesitates, because it has many options, it is a resource, which has many options, a lot of information and is very quick to divide,” said the director of Banamex.

In the international environment, he expressed, uncertainty persists, especially due to possible trade restrictions that may exist between various nations.

“In global conditions there is uncertainty. The issue of tariffs is one that has generated a lot of uncertainty for Mexico and for the entire world. Despite that, in the medium and long term we see Mexico positioned in a unique way.”

At the same time, he commented that another issue that generates uncertainty is the high interest rates that prevail in the country.

“The other issue is also the movement of rates, when global rates are so high, productive investment is lower and there are fewer options. As rates go down, like now, there is a greater opportunity in terms of investment.”

Romo added that for the following year the bank will prioritize all its activities on five objectives, which are: putting the client at the center, providing more financing to small and medium-sized businesses, digitizing operations, promoting internal talent and promoting art and culture.