Overview
- The Economy Ministry and BBVA formalized the Plan de Impulso for textiles and footwear, mobilizing up to 120 billion pesos in credit and guarantees with Nafin.
- BBVA will offer simple loans for working capital and machinery at a fixed 14.5% rate with zero opening commissions, while Nafin will guarantee up to 70% of the credit risk.
- The program targets reaching roughly 50,000 firms within 12 to 18 months and aims to help recover 50,000 jobs in the sectors by 2026.
- The strategy rests on bancarization and digitalization, preferential financing, and specialized training to formalize mostly micro and small businesses that lack access to credit.
- Trade-defense actions remain in force with reported fiscal recoveries near 14 billion pesos, and a presidential proposal to raise more textile and footwear tariffs has been introduced but not yet taken to the full legislature.