Mexican bank Grupo Financiero Banorte is planning to back infrastructure projects throughout the country, the bank’s president, Carlos Hank González, announced at the Banorte Strategy Forum 2019.
With the 13th-largest gap in the country’s economy worldwide, Mexico needs greater social commitment from its businesspeople, according to Banorte, which believes infrastructure development is one of the ways to attain this.
“Banorte is going to take advantage of its vast experience supporting infrastructure projects at the national level, in states and municipalities,” said González. In a statement, the bank also said it plans to support public infrastructure development processes “at all levels.”
Mexico is ranked 49th in the world for its global infrastructure.
The bank’s announcement was made before the President of Mexico, Andrés Manuel López Obrador, along with the secretaries of the treasury, communications and transportation, and the head of the office of the presidency. Various other members of the president's cabinet, as well as state governors, sector authorities, and hundreds of special guests and leaders from various industries, were also in attendance.
