September 6, 2013
Mexico’s Bancomext has agreed with China’s Export-Import Bank to form an in
Mexico’s Bancomext has agreed with China’s Export-Import Bank to form an investment fund, Bancomext says, seeded initially with $500m from China Exim. The goal is to have a platform to facilitate lending to Mexican companies doing business in China, through a bilateral credit line from the Chinese bank offered through its Mexican counterpart. The agreement was part of a memorandum of understanding signed by the two countries’ presidents at the G20 summit in Russia.