The world’s best borrowers in 2006
Borrowing is always a means to an end. Which means that, in its own low-profile way, Mexican development bank Nacional Financiera, or Nafinsa, is the best financial-sector borrower in Latin America.
Nafinsa is one of four Mexican development banks but is the only one that owns broker-dealers in New York and London. Indeed, although Nafinsa’s primary purpose is to provide funding to small and medium-size companies in Mexico, it also acts as the Mexican government’s in-house investment bank.
Nafinsa will support companies and projects in any way it can. It does so with cash, of course: this year it intends to disburse $15 billion in both pesos and dollars to more than 500,000 Mexican companies. It will also provide loan guarantees for...
