Tuesday, September 25, 2012

Venture Capital Is Taking Off in Mexico

By: Álvaro Rodríguez Arregui

Source: www.cnbc.com

Mexico has such a solid macroeconomic context that — among the only four countries to have recovered all the lost ground after the stock markets crashed during the 2008 financial crisis — Mexico is the fastest-growing country according to the MSCI index, surpassing the U.S., Singapore and Sweden.

According to the Mexico Ministry of the Economy, 35 percent of Mexico’s Gross Domestic Product (GDP) and 73 percent of the country’s jobs are created by small and medium sized companies (SMEs), which are the fastest-growing segments of the economy. While only 21 percent of small and medium sized companies are subject to bank financing, most startups and SMEs have no access to credit.

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