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BANCOMEXTBanco Nacional de Comercio Exterior, SNC (Mexico)
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Atlas Renewable Energy and el Banco de Comercio Exterior (Bancomext) have announced the closing of a long-term USD 88.5m financing agreement for Atlas Renewable Energy's solar power plant in Hidalgo, Mexico, the company said.
According to this law, the Mexican government is responsible for domestic or foreign operations carried out by Bancomext. It specifically states that the Mexican Government shall be responsible, at all times, for transactions entered into by Bancomext with Mexican individuals, companies, and non/Mexican private, governmental and intergovernmental institutions.
With Bancomext being a leading trade finance bank in Mexico, greater cooperation under the MoU will help ease trade flows between the two countries for the benefit of both nations and the customers of each bank.
The long-term local currency issuer and debt ratings of Bancomext,
"We have for many years had a problem of a financial nature with Cuba, a loan that Bancomext granted the Cuban government and that now amounts to a debt of 487 million dollars, and there has not been an agreement on payment," he said.
Speaking on Mexican radio, Videgaray said a loan issued by Mexico's trade development bank Bancomext to Cuba 15 years ago had become a debt worth $487 million.
is a major step toward the normalization of commercial and financial relations between both countries," said the Banco de Comercio Exterior de Mexico (Bancomext).
A I've been in charge of practically all areas of work of a trade promotion organization in 21 years with Bancomext (and now with ProMexico), so all the themes are of interest.