Financing grew by 59% in 2020, but the rate increased

Access to finance was critical for all businesses throughout 2020 because of the pandemic’s impact on economic activity. Although the national government provided subsidized credit lines, the market covered a good part of the companies’ financial needs, providing 168.25 billion pesos ($1.98 bn) during the year, 59% more than the volume negotiated in 2019. The data also revealed that financing in dollars increased 8% year-on-year with $2.38 billion.

Source: Ámbito