Mexican development bank, Nacional Financiera (Nafin) and the American export and import bank Ex-Im Bank signed an agreement to grant loans to small- and medium-sized enterprises (SMEs).
The agreement allows the granting of loans in pesos and dollars to Mexican SMEs to buy US machinery or services.
Under this type of shared risk, in 2004 approximately 70m pesos (US$6.3m) have been loaned to a range of companies in the Mexican states of Nuevo Leуn, Yucatбn, Aguascalientes, Baja California, Morelos, San Luis Potosн, Quintana Roo, Coahuila and Sonora.
The figure represents double the credit provided in 2003.
"Nafin has broadened its range of products aimed at supporting the national productive sector with resources in the medium and long term, in very competitive conditions and with the guarantee of Ex-Im Bank, for the modernization, industrial expansion and the incorporation of new technologies by Mexican companies," the statement said.
