United Kingdom to help boost green finance in Mexico

The Lord Mayor of the City of London, Peter Estlin , who is the financial authority of the United Kingdom , expressed his interest and full support in helping Mexico "green" its financial system and maintain its leadership in the Latin America region .

In his first international visit as Lord, he said that "Mexico is a strategic partner of the British government" with which there are matters of common interest such as green finance, so the City of London will invest 200 million dollars in projects in the country , including support for initiatives focused on green financing.

"The British government is committed to investing 200 million dollars in infrastructure projects and green finance, with the commitment to support the Mexican economy,” he claimed, adding that there will be stronger trade links between both countries.

This came after a collaboration agreement on green financing was signed by the Green Finance Consultancy firm (CCFV) , which is chaired by Retirement Fund Administrators (Afores) , and the City of London Green Financing Initiative , aiming to strengthen cooperation and the exchange of knowledge between both organizations.

"We are a global green finance hub and we want to support the Mexican administration's effort to improve financial inclusion,” the Lord Mayor stated.

He highlighted the commitment of investors and institutions that make up the CCFV (Afores, insurers, investment funds, development banks) to continue investing in green initiatives. The UK government will look to allocate funds for the most promising projects in terms of environmental impact.

For her part, the director of MexiCO2, Alba Aguilar , said that the agreement signed today "has very ambitious objectives and the main idea is to embellish the financial system, from all its edges, not only in the stock market but in banking (on the subject of credit)".

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