During the 89th Banking Convention, Edgar Amador, the Secretary of Finance and Public Credit (SHCP) in Mexico, emphasized the importance of expanding productive credit and access to financing as essential contributors to economic growth. He stated that while Mexico boasts a solid and well-regulated financial system, there is still a significant need to boost productive credit for it to have a more significant impact on the economy.

Amador pointed out that internal credit to the private sector reaches nearly 13 trillion pesos, which constitutes approximately 38% of the country's GDP. He noted that the commercial banking credit portfolio has surpassed 7 trillion pesos and continues to grow steadily in real terms. Despite these positive figures, many micro, small, and medium enterprises struggle to access competitive financing, which is critical for their accelerated growth and sustainability.

The Secretary's remarks underscore the vital role that access to credit plays in enabling these smaller businesses to thrive and self-sustain, given that a large portion of economic activity in Mexico is driven by them. The need for increased productive credit not only addresses the challenges faced by these enterprises but also serves as a strategic focus for the government to foster overall economic development in Mexico.