Mexico Lending Bill May Boost Economy in 2014, Aportela Says
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A bill to boost bank lending in Mexico would have an immediate impact on the economy, helping to boost growth as soon as next year, Deputy Finance Minister Fernando Aportela said.
The bill encourages development banks to work more closely with the financial industry to lift lending, which reached only 26 percent of gross domestic product last year, Aportela said today at the Bloomberg Mexico Conference in New York. Aportela said he expects the reform bill, which was presented in May, to be debated in special lower house congressional sessions in August.