Fonacot marks 20 years as bond issuer on Mexican Stock Exchange

The National Institute for Workers' Consumption Fund (Fonacot) has commemorated its 20th anniversary as a debt issuer on the Mexican Stock Exchange (BMV). The milestone highlights the institution's role in providing credit to workers across both the public and private sectors, including those affiliated with IMSS and ISSSTE.

Marath Bolaños López, Secretary of Labor and Social Welfare, noted that Fonacot's presence in the financial market demonstrates how investment can support social objectives and economic development. He emphasized that access to credit with favorable rates is a key component of the current administration's policies to improve workers' living conditions and strengthen wages.

Fonacot Director General Wendolyne Retana Alarcón highlighted the institution's financial solidity, noting that it has completed 112 debt issuances in the stock market to date. This market presence is intended to strengthen the institute's capacity to offer improved credit conditions to the Mexican workforce.