The economy of Mexico is a developing market economy. It is the 15th largest in the world in nominal GDP terms and the 11th largest by purchasing power parity, according to the International Monetary Fund. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the 2008 recession with its gross domestic product contracting by more than 6% in that year.
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO).
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.
The Export–Import Bank of the United States is the official export credit agency (ECA) of the United States federal government. Operating as a wholly owned federal government corporation, the Bank "assists in financing and facilitating U.S. exports of goods and services". EXIM intervenes when private sector lenders are unable or unwilling to provide financing, equipping American businesses with the financing tools necessary to compete for global sales. EXIM's aim is to promote U.S. goods and services at no cost to U.S. taxpayers, protecting “made in America” products against foreign competition in overseas markets and encouraging the creation of American jobs. Its most recent chairman and president, Kimberly A. Reed, was nominated by President Donald J. Trump on January 16, 2019, and sworn in on May 9, 2019. Her term expired on January 20, 2021, and her replacement has yet to be appointed.
An export credit agency or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions, guarantees for financing. The financing can take the form of credits or credit insurance and guarantees or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two.
The Maquila Decree, established in 1989, lays out the legal requirements for foreign operations in Mexico. As described by the Bancomext Mexican Showroom, an organization to promote foreign investment in Mexico, this program allows foreign companies to build and operate factories in virtually any Mexican location of their choosing. These companies are allowed to import materials and equipment duty-free, the only limitation being that these items will at some unspecified date be removed from Mexico. For these reasons, items manufactured in Mexico are generally exported.
The National Bank for Economic and Social Development is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world. Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.
Mittelstand commonly refers to a group of unique businesses in German-speaking countries that are very successful, and are usually capable of surviving economic turbulence. Generally small and medium-sized enterprises, they differ from regular SME's. The term is used in Germany, Austria and Switzerland. The term Mittelstand proves difficult to translate and causes a lot of confusion. The majority of definitions define the Mittelstand as a statistical category and most commonly suggest that Mittelstand firms are small and medium-sized enterprises with annual revenues up to 50 million Euro and a maximum of 500 employees.
The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries. In 2005, the three Baltic states also became members of the Bank. NIB’s headquarters are located in Helsinki, Finland. NIB acquires the funds for its lending by borrowing on the international capital markets.
Banregio Grupo Financiero, S.A.B. de C.V., doing business as BanRegio, is a Mexican regional bank headquartered in San Pedro, near Monterrey, Mexico. It offers services mainly for small and medium-sized companies, such as business loans, leasing, factoring and working capital loans.
Small and medium enterprises in Mexico, generally called PyMEs, are an important segment of the Mexican economy. They are classified in two types of small and medium enterprises: family businesses and non-family businesses.
The Bank of Foreign Trade, Bancóldex, is a state owned commercial bank that operates as Colombia's entrepreneurial development and export-import bank, providing long- and short-term financing and specialised financial products to support Colombian exports and other foreign trade-related activities with the goal to modernise companies in the fields of commerce, industry and tourism, and giving priority to small and medium enterprises. Bancóldex is incorporated as a mixed-capital corporation that operates under the same legal regime as private sector financial institutions. Bancoldex has been investing over 2 Billion in Private and Government equity in the U.S and London Real estate Market as pension securities and economic development for the hedge fund. Bancoldex also repurchase Andorran Banking Giant Andbank in 2014, that have left the family for 30 years.
National Small Industries Corporation Limited (NSIC) is a Mini Ratna government agency established by the Ministry of Micro, Small and Medium Enterprises, Government of India in 1955 It falls under Ministry of Micro, Small & Medium Enterprises of India. NSIC is the nodal office for several schemes of Ministry of MSME such as Performance & Credit Rating, Single Point Registration, MSME Databank, National SC ST Hub, etc.
Mexico-Nigeria relations refers to the diplomatic relations between Mexico and Nigeria. Both nations are members of the Group of 15, Group of 24 and the United Nations.
Mexico–Qatar relations refers to foreign relations betweenMexico and Qatar. Both nations are members of the United Nations.
Banco Latinoamericano de Comercio Exterior, S.A. is a multinational bank. Founded in 1977 as Banco Latinoamericano de Exportaciones, S.A. and renamed in June 2009, the company is headquartered in Panama City and finances Latin America and the Caribbean foreign trade.
Banco del Bajío, S.A. Institución de Banca Múltiple, doing business as BanBajío, is a Mexican bank headquartered in León, Guanajuato, Mexico. It is one of the major banks in Mexico and fastest growing local banks in the country. It is the 8th largest in terms of customer deposits and provided lending services.
Drip Capital is a digital trade finance company based in Palo Alto, California. The company offers working capital to small and medium sized companies engaged in cross-border trade in India, Mexico and the United States using technology and data analytics.
Carlos Felipe María Otón Lucas Marcos de Aviano Melchor de Habsburgo-Lorena y Arenberg or simply known as Archduke Carlos Felipe, is a member of the House of Habsburg-Lorraine. He is the first male of the former ruling house to be born in Mexico.
