Published On: Tue, Dec 16th, 2014

Economics in Mexico: Difficult Investment States / Development of Corporate Debt

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Difficult investment states

Entities in conflict such as Michoacán, Tamaulipas and Guerrero and southern states of the country only attracted 9% of the Foreign Direct Investment (FDI) registered in the country from January to September in 2014. The Ministry of Economy accepted that there are two or three institutions in the country where it is difficult to bring investment due to governance problems and insecurity, such as the before mentioned.

Out of a total of 15,310 million USD that entered the country in the first three quarters of 2014, Michoacan for instance only reported an investment of 95.7 million dollars, 0.6% of the total.

Development of corporate debt in Mexico

The Mexican government established a partnership with Euroclear, a Belgian based financial services company, that specializes in the settlement of securities transactions as well as safe keeping and asset servicing of these securities, to list the Certificates of Mexican corporations in their systems and thus facilitate access and promote the development of corporate debt in Mexico. The Ministry of Finance and Credit Finance (SHCP) stressed that incorporation of fixed income securities of Mexican corporations on the platform of Euroclear is a momentous event to promote the healthy and steady development of the primary and secondary markets for corporate debt in Mexico.

This is the result of close collaboration between the Ministry of Finance and the companies providing payment of services and post-transactional services to implement international operations of bonds, equities and derivatives, among other assets, for the benefit of issuers, investors and the market in general.

Source: Secretaría de Hacienda y Crédito Público (SHCP)

JJ Argaez / The Yucatan Times

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