The Mexican economy has been going through a period of significant development. There is a large degree of optimism both domestically and on the international scene. After being in the shadow of the BRICS countries (Brazil, Russia, India, China and South Africa) over the past few years, Mexico is back in the spotlight. Macroeconomic stability, optimism about structural reforms, and an improvement in the credit rating from international agencies have been attracting foreign capital and making financing cheaper for the government and companies alike. For Juan Guichard, the CEO of INVEX Grupo Financiero, low macroeconomic volatility, stable exchange…
From The Report: Mexico 2014
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Low macroeconomic volatility, stable exchange rates and efficient management of the economy and public finances are some of the factors behind the growth of Mexico’s capital markets and the record number of initial public offerings announced in 2013. With the second-largest stock exchange in Latin America, Mexico’s recent performance showed growth in volume as well as in value. In 2013, the volume of shares negotiated on the Bolsa Mexicana de Valores (BMV) was 96.4bn, reaching a value of $282.05bn, and up 8.3% on 2012. Optimism about structural reforms and an improvement in the credit rating from international agencies are attracting foreign capital and making financing cheaper for the government and companies alike. The Latin American Integrated Market, a joint stock exchange that integrates stock markets from Peru, Chile and Colombia, could become another channel for the internationalisation of the BMV as early as 2014. This chapter includes an interview with Luis Téllez Kuenzler, Chairman & CEO, Bolsa Mexicana de Valores.