Mexico City /
Mexico is experiencing a period of unique opportunities that you have to take advantage of, but to make it possible you must create public-private partnerships to develop infrastructure, attract investment and improve education, everything the nation needs, he said Eduardo Osuna Osuna, general director and vice president of the board of directors of BBVA Mexicowithin the framework of the SER Summit 2024where the banker served as host.
“We always talk about the relationship public-privatein investments and infrastructure, in electricity generation, in many things, but also in educational issues. BE “It is a great example, where the private initiative can support and do very particular things that generate educational models that can then be inserted into public schools, as they do in the United States,” he explained in an interview with MILLENNIUM.
In the hours before delivering your financial report to the Mexican Stock Exchange (BMV), where the largest bank in the country achieved growth of total portfolio of 12.9 percent year-on-year from July to September, Osuna pointed out that “One of the great challenges of Mexico is how we evolve education that is part of the process of growth and use of nearshoring”he highlighted.
In order to incorporate more workforce, and integrate women as well, Osuna considers that The “full-time schools” scheme is “essential”.
For this reason, Eduardo Osuna called for change in the delivery of education. “Need change the content we are giving to schoolsbecause technology is leading us to a brutal transformation in the way of doing things in different industries.”
“We have to provide all the children of Mexico and all the university students with the tools to cope with all this transformation that we are seeing. Let technology be a great enabler to close the gaps that we have with so many countries. Nearshoring It is a great opportunity to understand the challenges that are there and one of them is, clearly, talent.
Towards the new six-year term
Osuna likes to say that “banking It is a reflection of what is happening in the economyof what they do 32 million customersand today we see growth. “We are prepared for what is coming in these 6 years, especially in supporting all the infrastructure projects that were announced.”
He warned that there are still issues to be defined. “As in any change of administration, at the beginning the rules are still not clear. Therefore, rather than staggering the investment, I would say that there is a pause to understand what the game will be before deciding whether to investunder what conditions and specify the risk of the country.”
He explained that This risk will be clarified when knowing the meaning of the reforms that are being approved and their secondary laws, as well as how the budget will come in 2025.
Integration, the key
For Osuna, Mexico is achieving more and more greater integration “almost irreversible” with North America. “The union in the area will continue. The big question is whether we are going to have a more accelerated unification or a slowdown due to this change of power in the United States?”
Consider that if you win donald trumpMexico should also take advantage of the relationship with Canada. He emphasizes that to the extent that we are able to take advantage of this symbiosis, the entire region will do better.
“We cannot forget that there are other blocks that continue to advance (…) After the pandemic we realized that Globalization had to be moderated in terms of logistics and dependence on other regions. “That is an opportunity for Mexico that we have to take advantage of quickly because these things do not happen frequently in the life of nations.”
He pointed out that in the last 30 years there have been ggreat successes in integration as in the industries automotive and agroindustrialbut There are others that have not been successfully amalgamated..
“There is a huge opportunity for more Mexican companies to be part of export supply chains.. It is an issue not only of industrial policy, but of how private initiative inserts and pulls these companies so that they become integrated,” he explained.
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