World Watch – The Americas
Mexico to Back First International Loans

Compiled by David I. Oyama

Wednesday, October 18, 2000

Nacional Financiera, Mexico’s national development bank, will guarantee small-business loans made in Mexico by First International Bank of the U.S., in the first such agreement Mexico has made with a foreign lender. The agreement will allow First International, Hartford, Conn., to lend at rates lower than those ordinarily available to small Mexican businesses.n 

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