Banks in Mexico plan to invest about 100 billion pesos in the country over the next two years, as long as macroeconomic conditions are in shape, Marcos Martínez, the head of banking association ABM, said at an event, El Financiero reported.
Martínez reportedly said the financial sector, which "remained committed" to the growth of the Latin American country, was preparing a strategic plan that includes its views of regulation, supervision, innovation and public policies for the six-year term of the new Mexican president, for "whoever is elected" in the July elections.
Nevertheless, lessons learned from past economic struggles show that macroeconomic stability, respect for institutions and property rights were fundamentally important for progress, the head of ABM reportedly said.
