The World Bank granted Mexico a loan of 751.9 million dollars to stimulate business in the country. The loan is for 18 years, it has a variable interest rate of 6 month LIBOR plus a variable margin.

The loan is to support economic policies that strengthen the business in Mexico and micro-economic foundations for economic growth and job creation, the World Bank said in a statement Tuesday.

With the money Mexico will strengthen the conditions for competition in key markets, particularly in the telecommunications sector, said the World Bank.

It will also streamline business regulations so as to reduce trade costs and other transactions, facilitating the adoption of new technologies, the world body said in its report.

The Bank of Mexico said Mexico was committed to improving the regulatory framework to encourage access to financial sector stability and market transparency. He noted that the country will promote partnerships in infrastructure to expand infrastructure services essential key to the productivity of Mexican firms.

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Mexican Economy Secretary, Bruno Ferrari, and the Assistant Secretary for Small and Medium Business, Miguel Maroon Manure, opened the tenth edition of National Small Business Week 2010 at the Centro Byname in Mexico City.

After the tour of the eleven wards and the Mexico Business institutional stand, the economy minister said the National Small Business Week aims to make available to micro, small and medium businesses and entrepreneurs, professional care integral to increase their productivity and find appropriate solutions to your business.

This tenth edition of National Small Business Week, he said, it seeks to spread the programs, actions and tools available to the Federal Government, State Governments, financial institutions, educational, research and trade associations, in support of entrepreneurs and micro, small and medium enterprises.

He stated that the businesspersons and entrepreneurs to attend might acquire knowledge through seminars, workshops and conferences, and exchange experiences and establish business contacts with large companies. In addition, detailed, there are scheduled two thousand business meetings of micro and small enterprises, with large suppliers.

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