Certainty and fighting corruption, challenges for credit
Manuel Rivero Zambrano highlights that domestic investment certainty and a commitment to eradicating corruption are crucial for economic growth and credit availability in Mexico.
Manuel Rivero Zambrano, the CEO of Hey Banco, emphasized the importance of certainty in domestic investment and a strong commitment to fighting corruption in Mexican business practices as vital elements for stimulating economic growth and increasing credit access. He pointed out that the current cautious stance among investors is largely influenced by the unpredictable actions of U.S. President Donald Trump, which leaves little room for maneuvering on the part of Mexican authorities to ensure investor confidence.
Rivero mentioned that the ongoing judicial reform remains a concern for business leaders, as there is still a lack of clarity regarding how the laws aimed at reducing municipal corruption will be enforced. This uncertainty contributes to the hesitance among companies to invest, prompting them to keep their investment levels at a minimum primarily to maintain their operational infrastructure rather than pursuing growth opportunities.
The overall sentiment among business leaders reflects a cautious approach, which underscores the need for clearer policies and a more robust anti-corruption framework to unlock potential economic expansion. Without these measures, the ability of banks to increase consumer credit is likely to remain limited, hampering overall economic development in Mexico.