Overview
- The Economy Ministry and BBVA formalized a financing program under Plan México, mobilizing up to 120,000 million pesos with Nafin to support textile and footwear producers.
- Credits will carry a fixed 14.5% rate with zero opening commissions, while Nafin will cover up to 70% of credit risk through guarantees.
- Officials aim to deliver new financing to about 50,000 companies in 12–18 months and to recover roughly 50,000 jobs in sectors that recently lost more than 100,000 positions.
- The plan centers on three pillars: bancarization and digitalization, preferential financing, and specialized financial education, with tools such as factoring and confirming and support from IPADE.
- Trade enforcement remains in force, including 2024 tariffs and 2025 anti-dumping quotas on China-origin footwear, with authorities reporting about 14,000 million pesos recovered and a proposal to raise certain tariffs still pending in Congress.