Home Mexico City Congress and FONDESO Ink Agreement to Boost Economic Development

Mexico City Congress and FONDESO Ink Agreement to Boost Economic Development

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Mexico City Congress and FONDESO Sign Agreement to Strengthen Economic Development in the Capital

Mexico City, February 12, 2026 – The Mexico City Congress and the Fund for Social Development (FONDESO) have signed a collaboration agreement aimed at bolstering local economic development, promoting entrepreneurship, and expanding financing opportunities for micro, small, and medium-sized enterprises across the capital. This partnership reaffirms their commitment to building a metropolis where talent, effort, and dreams find institutional support, generating more productive projects, greater economic stability, and improved living conditions for all.

During the official signing ceremony, Deputy Jesús Sesma Suárez, President of the Local Legislative Power’s Board of Directors, emphasized that this strategic alliance will establish institutional coordination mechanisms to provide credit programs, training, and technical advice to priority sectors. He highlighted a particular focus on women entrepreneurs, youth, individuals in priority care situations, and small business owners.

“Access to financing should not be considered a privilege, but a real tool for social transformation,” underscored Sesma Suárez, a legislator from the Green Ecologist Party of Mexico (PVEM). “Every training front provided and every project supported will represent an opportunity for growth, economic autonomy, and dignity for thousands of families.”

Deputy Xóchitl Bravo Espinosa added that this agreement will help eliminate information barriers and facilitate direct access to financial services, as interested parties will have a dedicated space to ask questions, organize, and receive assistance. “This joint work enhances our capabilities: the Congress provides proximity to the people and territorial permanence, while FONDESO contributes technical knowledge, training, and programs designed to strengthen entrepreneurship and development,” stated Bravo Espinosa, who also coordinates the MORENA Parliamentary Group.

Deputy Tania Nanette Larios Pérez highlighted that the capital’s Congress not only legislates but also creates concrete opportunities for the population. “Starting a business is not easy. Launching a business from scratch and seeking credit requires support, accompaniment, and trust. That is precisely what we want to strengthen with this alliance. When we work as a team, we generate more opportunities for women, youth, and families who want to get ahead,” remarked the Coordinator of the Institutional Revolutionary Party (PRI) Bench.

Deputy María Luisa Ledesma Alpízar expressed that the signing of this alliance represents more than just an institutional document; it is a direct bridge between the government and the citizenry. “We are strengthening an instrument that can change lives. Economic development cannot be understood without social justice. Bringing credit to women heads of household, people in the popular economy, and young entrepreneurs is a public policy with a human rights perspective,” emphasized the member of the Citizen Movement (MC) Parliamentary Group.

Also present at the signing of the agreement were deputies Manuel Talayero Pariente, Andrés Atayde Rubiolo, Nora Arias Contreras, Alejandro Carbajal González, and Diana Sánchez Barrios, who head the parliamentary groups of the PVEM, the National Action Party (PAN), the Party of the Democratic Revolution (PRD), the Progressive Parliamentary Association for Transformation (APPT), and the Parliamentary Association of Women for Feminist and Inclusive Trade (APMCFI), respectively.

Daniela Cordero, General Director of FONDESO, thanked the political will of the capital’s Congress and explained that the organization has strengthened its operating rules to expand access to financing. She detailed that FONDESO offers support of up to 25,000 pesos as an investment, which does not represent a debt for those starting a business. It also provides interest-free loans ranging from 10,000 to 30,000 pesos, and loans with a preferential annual rate of 3 percent, one of the lowest available.

This initiative underscores a concerted effort to foster a more inclusive and robust economic landscape in Mexico City, directly impacting the livelihoods and entrepreneurial aspirations of its residents.

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