MEXICO (La Jornada) Mexico is currently the most attractive country to make investments in Latin America, and the region in general emerges as the one with the most opportunities globally despite the crisis caused by Covid-19, said Ana Botín, president of Santander to international level.
“I am surprised that the United States does not look further south… BlackRock yes, they were on Santander’s board in Mexico and they were able to explain to us how investors from the world see Mexico and Latin America… There is a fantastic opportunity, consumption is growing, ”he said in a videoconference.
Participating in the Santander 2020 International Banking Conference, and in the company of Larry Fink, president and CEO of BlackRock, the president of the bank indicated that due to the current context, Europe has lower levels of growth that America, and for example, the combination of growth and stability are offered by the countries of this continent.
“For us, Latin America is a tremendously attractive, 600 million people, 300 million without a bank account, we are seeing an increase in digital banking activities throughout Latin America, we are growing in general terms, there is more demand for loans with lower rates, so it is a very attractive market, no only for banks, for everyone, “said Botín.
Although he acknowledged that in Latin American financial institutions there is a need for efforts, the opportunity to invest” is fantastic. ”
For his part, Larry Fink, insisted that Mexico is the country that offers the best investment opportunities in the world.
“Mexico is one of the great investment opportunities now in the whole world, Colombia is improving as an investment destination, Brazil has very big ups and downs and we expect less volatility, but it will be a fabulous site, also Chile, is very solid ”, stated the director of BlackRock.
He considered that in Argentina it will take time for the private industry to regain confidence. anza to channel resources.
“In Argentina we see a new government that tries to introduce a very significant change in the political direction of the country, they are going to restructure the debt with the private sector, there is enormous volatility, they jump from one policy to another, each The government has enormous ambitions, but when push comes to shove, everything falls on foreign investors … It will take time for it to see private investment in Argentina again, “he explained.
Thus, he specified, if investors are interested in Latin America” now Even there are safer places than Argentina, I hope that the current government will give us back the confidence to invest ”.