Business Services Industry
Miscellaneous Guarantees will be passed during current session in Congress.
Internet Securities, March, 2003
MEXICO CITY, Mar 27, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The parliamentary blocs of the National Action Party (PAN), Democratic Revolution Party (PRD) and Institutional Revolution Party (PRI) have acknowledged that it is practically a fact that the pending Miscellaneous Guarantees resolution will be passed before Apr. 30.The proposal includes reforms to the laws governing Credit Institutions, the Stock Market, Finance Institutions and the Trade Code, in order to stimulate credit through added legal security for banks. These will be able to recover loan guarantees offered by creditors who have not repaid their credits.Alejandro Monraz (PAN) commented that although there is no official agenda in the Treasury Secretariat, the...
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