Bank Hapoalim, one of Israel’s leading banks, and Nacional Financiera S.A. (NAFINSA) Mexico’s offical industrial development bank, recently signed an agreement establishing a joint investment fund it was announced here. The new fund will promote joint ventures between the two countries for industrial projects in selected fields.
The two-bank-fund is an outcome of the Mexican government’s policy of introducing high technology industries which can contribute to the rapid development of the Mexican economy. Within this context the Mexican government is seeking to encourage Israeli firms who can provide machinery and know-how in high technology fields.
NAFINSA has established similar funds with nine other banks representing countries with advanced technological potential. The new fund established with Bank Hapoalim is the tenth such project. Several joint projects, in the fields of food technology, chemicals and solar energy are already in advanced stages and will be able to benefit from assistance of the fund. In addition to financial assistance, the fund will provide information to firms of both countries interested in taking part in joint projects. Bank Hapoalim, which has branches in financial centers around the world, intends to open a representative office in Mexico shortly.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
