Innovative Financing in Mexico
Mexico’s gross domestic product has grown strongly for three straight years. Yet bank lending shrank from 1995 to 1997--and is close to flat this year. That means financing for the growth has had to come from an array of non-banking sources. The often-innovative methods range from consumer-oriented care and home finances to high-level corporate barter.
* GDP, 1994-1998
Annual percentage change
1998 projection: +4.5%
* Bank Financing, 1994-1998
Commercial bank financing to the private sector
Analysts expect 1998 financing to be flat or at most increase 1% to 2%.
Source: Bank of Mexico
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