In her address at the 89th Banking Convention of the Association of Banks of Mexico, President Claudia Sheinbaum called upon the banking sector to enhance their credit offerings to stimulate the economy. She highlighted the crucial role that banks play in financing public and private investment projects, emphasizing the importance of such support in challenging economic times. Her remarks were aimed at addressing the financing needs of businesses and encouraging greater collaboration between the banking sector and the government.

Sheinbaum pointed out that the current credit levels are insufficient for the country's needs, as they stood at 38% of the GDP, and she encouraged the banks to increase this to 45%. This proposal comes amid concerns over economic growth and the potential for sustainable development in Mexico. The president's plea for more financial resources indicates a proactive approach to engaging the private sector in national recovery efforts.

The response from the banking community during her speech was lukewarm, suggesting that there may be reservations among financial leaders about increasing their risk exposure. However, Sheinbaum's call to action reflects a broader strategy to mobilize financial institutions for addressing both local and national financial challenges, underscoring a pivotal moment for economic policy in Mexico as it seeks to balance fiscal responsibility with growth initiatives.