New Finance Minister, Developments in the SectorBy Rodrigo Brugada | Thu, 06/17/2021 - 17:46
This week we take a look at new financial companies and tools, explore how current policies might affect Mexico’s economic recovery and present the new Finance Minister. Find out more in this week’s roundup!
SPACs: How Can Mexico Take Advantage of a Wall Street Vehicle?
Latin America is getting a piece of the prime Wall Street investment tool special purpose acquisition corporation (SPAC). Maquia Capital is bringing this popular vehicle to Mexico to drive innovation and build a bridge between the North and Latin American markets. SPACs have served as a viable option for tech companies to go public and offer several advantages over traditional alternatives.
GBM Leads the Future for Investment Services in The Region
To strengthen its investment services, Grupo Bursátil Mexicano announced an investment of approximately US$150 million from SoftBank. The firm provides customers access to the market through manageable tools to make financial management easier and reach financial freedom. One of GBM's objectives is to help more people achieve their financial goals regardless of their level of investment knowledge
Economic Recovery Hindered by Political Agenda
As Mexico heads toward economic recovery, risks remain, driven mainly by government policies. While the country’s export sector has greatly benefited from the strong US economic recovery, companies in Mexico continue to deal with a hostile operating environment stemming from the current administration’s policies that affect investment, particularly in the energy sector.
Meet Rogelio Ramírez de la O, Mexico's Next Finance Minister
President Andrés Manuel López Obrador recently announced Rogelio Ramírez de la O as the new Minister of Finance, replacing current Minister Arturo Herrera. The latter is expected to become the next Banxico governor in November. Ramírez de la O has previous experience collaborating with President Lopez Obrador, and Mexico’s prominent businessmen have welcomed his appointment.