Mexico’s economy maintains a solid foundation and favorable conditions for continued growth despite a complex global landscape, but translating that stability into increased financing, productive investment, and opportunity remains the key challenge. That was the message from Secretary of Finance and Public Credit (SHCP) Edgar Amador Zamora during the inauguration of the 89th Banking Convention, organized by the Association of Banks of Mexico (ABM) this week.
Amador Zamora emphasized that Mexico has not only maintained stability amidst international headwinds but has also strengthened its productive capacity and boasts a robust, well-regulated financial system capable of supporting economic development. The comments come as the country seeks to attract further foreign investment and bolster domestic growth. The focus on strengthening the financial sector is particularly crucial for ensuring that economic gains are broadly shared and sustainable, a key goal of the current administration’s economic policy. Successfully navigating the global economic climate and fostering a climate conducive to investment are central to Mexico’s economic outlook, and the Secretary’s remarks underscore the government’s commitment to these priorities.
“Today, Mexico has the conditions to accept the next step: to convert that stability into more financing, more investment, and more opportunities for the Mexican people,” Amador Zamora stated. He stressed the require for a shared vision to achieve these goals, calling for continued collaboration between the public and private sectors. This collaborative approach is seen as crucial for unlocking Mexico’s full economic potential and ensuring that the benefits of growth are widely distributed.
The Role of Public and Private Sectors
According to Amador Zamora, the public sector’s role is to preserve economic stability, strengthen institutional frameworks, and promote conditions for greater productive investment. This includes maintaining fiscal discipline, reducing bureaucratic hurdles, and investing in infrastructure projects that can boost economic activity. The government is also focused on creating a more predictable and transparent regulatory environment to attract both domestic and foreign capital. These efforts are intended to create a virtuous cycle of investment, growth, and job creation.
The financial system, he continued, must expand credit access, deepen financial inclusion, support businesses, and facilitate the country’s economic modernization. This means increasing lending to small and medium-sized enterprises (SMEs), which are a vital engine of job creation and economic growth, and promoting the adoption of modern technologies that can improve efficiency and reduce costs. Expanding financial inclusion is also a priority, ensuring that all Mexicans have access to the financial services they need to participate fully in the economy.
“This joint effort is indispensable, since when banking functions with solidity, when credit reaches where it should reach, and when there is coordination between authorities and financial intermediaries, economic development accelerates, investment grows, and well-being can be expanded sustainably,” Amador Zamora said. The emphasis on coordination highlights the importance of a cohesive approach to economic policy, with the government and the financial sector working together to achieve common goals.
Confidence in Mexico’s Economic Future
Amador Zamora expressed confidence in Mexico’s ability to consolidate a new stage of economic growth, citing strong institutions, a robust banking sector, and exemplary government leadership. He also pointed to the country’s economic potential and its capacity to build consensus in favor of development. This optimistic outlook is supported by recent economic data, which shows Mexico’s economy has been relatively resilient in the face of global challenges.
The Secretary of Finance’s address came during the 89th Banking Convention, a key event for the Mexican financial industry. The convention, as reported by the Mexican Presidency, also included remarks from Victoria Rodríguez Ceja, Governor of the Bank of Mexico. The event provided a platform for discussions on the challenges and opportunities facing the Mexican financial sector and the broader economy.
Amador Zamora concluded with a call to action, urging the banking sector to continue working collaboratively to translate Mexico’s economic strength into increased growth, employment, and well-being for all citizens. He emphasized that a strong and stable financial system is essential for achieving these goals and ensuring a prosperous future for Mexico.
The Association of Banks of Mexico (ABM) also recently welcomed Édgar Amador Zamora to his position as head of the SHCP, following his ratification by the Chamber of Deputies, according to a press release from March 12, 2025.
Looking ahead, the Mexican government is expected to continue its efforts to attract foreign investment and promote economic growth. The next key economic indicator to watch will be the release of first-quarter GDP figures in May, which will provide a more detailed picture of the country’s economic performance. Continued collaboration between the public and private sectors will be crucial for building on the progress made and ensuring a sustainable economic future for Mexico.
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