Enrique Garcia participated in the “2013 Mexico Summit” and noted that SME’s are a key sector for innovation and development in Latin America
During the "2013 Mexico Summit ", organized by The Economist, Enrique Garcia, Executivo President of CAF, Development Bank of Latin America, presented the Institution's experience in supporting development in the region and, in particular, the excellent relationship with Mexico.
The main speaker of the event was the President of the United States of Mexico, Enrique Peña Nieto, and other participants included members of his cabinet, among which Luis Videgaray, Minister of Finance and Public Credit, stands out. In addition, distinguished entrepreneurs, investors, bankers, opinion leaders, and academics were present in the event.
In the panel regarding development financing, speakers included CAF's Executive President, Enrique Garcia, Guillermo Ortiz, President of Banorte and former Governor of the Bank of Mexico, and Luis de la Calle, former Undersecretary of International Tarde Negotiations in the Ministry of Economy of Mexico, who highlighted the importance of innovation, entrepreneurship, and SME's as key factors for Latin American growth.
Luis de la Calle noted that "public policies must be promoted with a multidimensional focus which integrates aspects linked to the development of entrepreneurial talent, the promotion of innovation, access to financing, and training of the labor force".
In this respect, CAF recently approved a non-committed rotating line of credit for USD 300 million in favor of Nacional Financiera de México (Nafin), to support financing programs for productive chains and guarantees to MSME's, in addition to corporate financing, energy projects, and other strategic sectors.
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