Nearshoring It is only a part of the investments that the country can attract if the appropriate conditions are in place through the participation of the public and private sectors, both individually and together. If all opportunities are captured, more sustained growth can be achieved.assured BBVA México.
Eduardo Osuna Osuna, vice president and general director of the banking institution, explained that the first thing that has to be done for the country’s economy to advance significantly is to achieve 25 percent of investment with respect to the Gross Domestic Product (GDP). There is no other way, he maintained.
This capital must come from two sources: private investment and public, the first being the one that has the greatest weight in percentage terms. To achieve this takeoff, Rule of law, infrastructure incentives and renewable energy, to name a few, he said.
“We talk a lot about foreign investment, but National private investment is six times foreign investment. There have to be very clear incentives for one and the other. This happens simply by simplifying the rules for opening businesses, providing facilities to SMEs, but, above all, the rule of law in different senses,” she argued in an interview.
Regarding the 87th Banking Convention, whose main theme focuses on shared responsibility for the progress of Mexico, Eduardo Osuna elaborated that the public investment It is also relevant to release ‘bottlenecks’ in the economy, such as having sufficient, renewable energy at competitive costs.
But this is not the only thing on the list for Mexico to advance up to two percentage points its economy, which has averaged 2 percent growth in recent years without counting the distortions caused by the pandemic, since aspects such as the lack of water and logistics problems.
Added to the above are obstacles due to the productive development that has been seen, which is why more roads, ports and customs are needed. “All of this is an enormous opportunity for the future of investment and growth for this country,” said the general director of BBVA México.
He added that To be more efficient you have to go back to investments purely from the public sector and others shared with the private initiative, because “if not, there are not enough resources for this to happen.” He added that another important point is to combat informality so that the government has more income.
A few months after carry out an electoral process in Mexico, Osuna Osuna pointed out that The bank, regardless of the color in the government, actively participates in the economy. When taking stock of how the system evolved in the last six years, he did not hesitate to highlight the advance of digitalization.
“It seems to me that one of the things that accelerated it was the pandemic, because people could not go to branches (during the COVID-19 pandemic). Having made this transformation allowed, in addition to making customers continue transacting, to continue selling products that they required.”
There is still room for innovation
Within the banking sector and despite the progress in the digitalization of its operations, There are still areas to explore to keep up the pace of innovation, pBBVA México is betting on these segments with high levels of investment, both in technology and physical infrastructure,
Are improvements They should not focus only on financial products, Osuna Osuna indicated, but on the Customer Support in areas ranging from sales to the fraud clarification process. At this point, the cybersecurity It is an area of high attention for the sector and resources must be allocated to protect users.
“Sometimes we don’t talk much about cybersecurity issues, about protecting our clients, but what we invest there is enormous, because in the end the more you digitize, you have better service levels, but it is also to protect them, The digital world is much safer than the physical world and sometimes we talk very little about it,” explained the banker.
Eduardo Osuna stated that they do their work within the banking system and analyze what do their competitors such as Fintech companies and with this he feeds back his strategy with the objective of banking the country and providing better products, a vision that has led him to lead the largest bank in the Mexican system.
