2024-07-19 17:04:25
The governor of the Bank of Mexico (Banxico), Victoria Rodriguez Eyebrowreported that as of June, the network of Trusts Established in Relation to Agriculture They had a portfolio balance of 157.1 billion pesos and a credit balance induced by guarantees of 78.6 billion pesos.
Fira, explained BanxicoThese are four public trusts where the Treasury and Banxico provide financing and credit discounts and guarantees for projects related to agriculture, livestock, poultry, agroindustry, fishing and other rural activities.
Rodriguez Cejagovernor of BanxicoI affirm that FIRA It operates as a second-tier bank, with its own assets and places its resources through financial intermediaries, in addition to incorporating banks, multiple-purpose financial companies (Sofomes), savings and loan cooperatives (Socaps), credit unions, popular financial societies (Sofipos) and storage facilities.
Meanwhile, Rogelio Ramírez de la O, head of the Treasury, acknowledged that the disappearance of the National Development Finance Company (FND), left “a big gap” in the granting of credits to agricultural producers.
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2024-07-19 17:04:25