Knowledge City

Knowledge city

The term "Knowledge City" is short hand for a regional economy driven by high value-added manufacturing and services created through research, technology and human capital.

Banking & Financial Services

“Mexico is a great investment opportunity for both domestic and foreign capital. I think Mexico City is and will remain of the most attractive cities for investment.”

Ignacio Deschamps González, CEO, BBVA Bancomer

Mexico City is the center of financial and commercial activity in Mexico and home to Latin America’s second largest stock exchange. With almost 20 million residents and a GDP similar to that of London and Osaka, Mexico City presents a myriad of market opportunities for a several types of businesses, including banks, financial institutions and insurance companies. In addition, Mexico City’s strategic location in the center of Mexico helps banks strengthen their market in Latin America and has been important in contributing to the capital’s increasingly competitive position in the banking and financial sector.

Facts and Figures:

  • In 2008, 55% of Mexico’s financial sector GDP was generated in Mexico City.
  • With a AAA debt rating, Mexico City’s public finances are healthy and are supporting an engine of economic development and investment.
  • Mexico City has learned from previous banking crises and developed a legal framework; capitalization and financial information disclosure regulations that even surpass the Basel III Standard, an international regulatory framework for banks.
  • Mexico City is taking steps to reduce its informal economy, or “black market,” (estimated in 2010 to include 30% of the city’s 8 million employed citizens) by promoting liberalized labor policies, creation of small enterprises, and tax incentives.

Focus on Banking & Financial Services:

BBVA Bancomer is Mexico’s largest bank and is based in Mexico City. Serving 16 million customers, Bancomer has a reputation for tailoring their services to client needs. They offer credit that is accessible and easy to deal with for a wide variety of business sectors and they provide experienced management of investment portfolios. Ignacio Deschamps Gonzalez, the CEO of Bancomer believes that Mexico City is poised to grow competitively and “in the financial market, the banking sector is going to grow enormously.”

Pozole, The Mexican Comfort Food

Voices from the city:

Pozole, The Mexican Comfort Food

Two shy campesinas, attired in home-made cotton dresses with rebozos draped over their shoulders, waited patiently at the counter of the carnicería. When their turn came they asked for “una cabeza, por favor” (“a head, please”). read more

Barney´s

Looking for one more glass before you head home? This is the spot. Dig that red interior, the pizza, the burgers, the bourbon-and-grenadine Red Rider cocktail and live rock on Saturdays.

Address: Fernando Montes de Oca 43
Phone: 5212-0007

Tues-Sat: 7 pm-2 am; Sun-Mon: closed. Payment: all credit cards except American Express. Valet parking. Average cost: $250

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February 10 – May 03, 2012

Traveling Film Festival “Ambulante”

This travelling documentary film festival serves as a forum for ground-breaking Mexican documentaries. read more

April 12 – April 29, 2012 Zocalo--La corrala del mitote,

Perfomance of Shakespeare’s Henry IV

A powerful performance of Shakespeare’s Henry IV that demonstrates rivalries and moral dilemmas were as relevant in the past as they are today. Takes place at 6:30 PM on Thursday, Friday and Sunday and at 1 PM on Saturday and Sunday. read more

April 21 – June 24, 2012 Orquesta Filharmonica de la Ciudad de Mexico - Tlalpan

Mexico City Philharmonic Orchestra Performances

Mexico City’s world-renowned Philharmonic Orchestra will perform music by classical composers including Beethoven, Mozart, Debussy, Strauss, Mendelssohn, and other great names in music history. read more

May 24 – May 26, 2012 World Trade Center, Mexico City

Habitat Expo

A popular interior design and architecture exhibition that features close to 210 exhibitors. read more

May 26, 2012 Roma and Condesa neighborhoods, Mexico City

Roma Condesa Cultural Corridor

Experience the city’s avant-garde art and design and flavorful cuisine by visiting participating exhibits and restaurants. read more

Surprising Fact

According to the webometrics Ranking of World Universities, Mexico's universities rank second only to Brazil in Latin America.

Overheard

In Mexico City, the innovative new bus system is just one of the steps the city's officials have taken in recent months to hit its goal of slashing 7 million tons of CO2 equivalent below 2007 levels by 2012. Last year, [Environment Minister] Delgado said, the city reduced emissions by 2 percent.

— Lisa Friedman, Environment & Energy News

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