Foreign Trade Guarantee - 2020 ANNUAL REPORT
Foreign Trade Guarantee
The program guarantees banking and non-banking Financial Intermediaries domiciled abroad to cover the risk of non-payment of the financing granted to their clients that import Mexican goods and services to encourage and increase the export activity. As of December 2020, a balance of 159 million pesos was recorded.
In 2019, financing for $ 8.5 million was guaranteed for a North American company with a subsidiary in Coahuila. This operation almost doubled the guarantee balance, maintaining it until the end of 2020.