Mexico City, June 20, 2012—IFC, a member
of the World Bank Group, is providing training to 15 Mexican banks on scaling
up financing for small and medium enterprises, developing their potential
to expand operations and contribute to economic growth in Mexico.
Data from the Mexican National Economic Census and the World Bank Enterprise
Survey show that there are more than 710,000 formal small and medium enterprises
(SMEs) in Mexico. Of these, 57 percent do not have a checking account and
38 percent lack the necessary credit to grow their businesses. IFC’s training
program helps address these problems by promoting access to finance and
other essential banking services for SMEs.
The program, developed in collaboration with Austrian Development Bank
Oesterreichische Entwicklungsbank AG, is training bank executives in strategy,
market segmentation, product design, customer management, credit-risk management,
and information-management systems. Banks participating in the program
include Banco del Bajio, Banorte, Agrofinanzas, and Compartamos, among
“IFC is committed to developing the potential of SMEs in Mexico as they
are a key engine of economic growth,” said Ignacio Estévez, IFC’s Access
to SME Banking Specialist for Latin America and the Caribbean. “This program
aims to work with the financial sector in Mexico and the wider region to
expand their services into new markets and reach more SMEs.”
The training is part of IFC’s broader support to the financial sector
in Mexico. IFC currently has commitments of up to $450 million in Mexican
banks, with a special focus on microfinance, trade, and expanding financial
services to small and medium enterprises.
The training was designed by IFC’s Global SME Banking Program to help
banks in middle-income and developing countries assess the potential benefits
of targeting the SME sector and building or expanding this line of business.
IFC has conducted similar trainings in East Asia and the Pacific, Eastern
Europe and Central Asia, South Asia, the Middle East and North Africa,
and Sub-Saharan Africa, where IFC has had a significant impact in bolstering
To learn more about IFC’s Global SME Banking Program, visit www.ifc.org/SMEBanking.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, providing
advisory services to businesses and governments, and mobilizing capital
in the international financial markets. In fiscal 2011, amid economic uncertainty
across the globe, we helped our clients create jobs, strengthen environmental
performance, and contribute to their local communities—all while driving
our investments to an all-time high of nearly $19 billion. For more information,