The Mexican Government plans to reform the banking sector

The Mexican Government plans to conduct a comprehensive reform of the banking sector to credit cheaper and more available in State Bank loans represented less than 20% of GDP, ten in the United States.

The plan should encourage banks to compete and make many loans and create markets for new bonds and medium-sized companies and amending bankruptcy laws to facilitate the control of lenders assets and assets of the debtor.

The enormous financial crisis that occurred in the country in 1995 Mexican banking sector hit by bankruptcy.

However, the Finance Minister, Luis vidigharay, said Wednesday that Mexican banks are solid, noting they need incentives to make more loans.

Vidigharay noted that rates of credit in Mexico is much lower than average in Latin America.