Industrial Policy & Trade Monitor· 2662 actions· ✨ 89 recent

On 5 February 2026, at the National Investment Promotion Meeting, Mexico's two state development banks — Nacional Financiera (Nafin) and Banco Nacional de Comercio Exterior (Bancomext) — announced a scheme to mobilise over MXN 120 billion (~USD 6.9 billion) in financing for micro, small and medium enterprises (MiPyMEs) and strategic Plan México projects. The package channels public resources through credit, guarantees and co-investment mechanisms, including 70% credit guarantees up to MXN 20 million in priority sectors and 80% guarantees on first-time credits up to MXN 5 million, alongside reduced factoring interest rates and an additional MXN 40 billion Bancomext facility for industrial real estate. The scheme operationalises financing for the PODECOBI/PODECIBI economic development poles established under Mexico's 2025 Plan México decree.

On 31 December 2025 Mexico's Secretaría de Agricultura y Desarrollo Rural (SADER) published the Acuerdo setting the Reglas de Operación (operating rules) of the "Fertilizantes para el Bienestar" programme for fiscal year 2026 in the Diario Oficial de la Federación. The programme's budget rises to MXN 18.2 billion for 2026, up from MXN 17.5 billion in 2025 (+4%), and continues direct in-kind fertilizer distribution to small-scale producers of priority staple crops (corn, beans, rice) prioritizing women, Indigenous communities, and producers in the country's most marginalized rural municipalities. Global Trade Alert classifies the programme as carrying both a production-subsidy and a local-content-requirement component, effective 1 January through 31 December 2026.

On 21 October 2025, Mexico's state-owned foreign-trade development bank Bancomext and private bank Multiva formalised a MXN 2.13 billion (~USD 106 million) syndicated 15-year green loan to Energía Real, split in equal MXN 1.065 billion tranches, to finance roughly 500 distributed-generation projects combining on-site solar power and battery energy storage systems (BESS). The financing is intended to add at least 150 MW of installed capacity to Energía Real's existing ~200 MW portfolio — the largest such portfolio in Mexico. Bancomext's participation at development-bank terms functions as a state-backed subsidy to a private renewable-energy and storage operator, part of the broader global pattern of national development banks using preferential-rate lending to steer capital toward domestic clean-energy and grid-storage build-out.

On 15 October 2025, Spain's state-owned promotional bank Instituto de Crédito Oficial (ICO) signed a new collaboration agreement with Banco Sabadell's Miami branch under the standing "Línea ICO Canal Internacional" facility, making up to USD 200 million (approx. EUR 172 million) available to finance projects of Spanish-linked companies operating in the United States, Mexico, Peru and Ecuador. It is the fourth such agreement between ICO and Sabadell Miami in seven years, with priority given to sustainability and digitalisation projects framed under Spain's Recovery, Transformation and Resilience Plan (PRTR) objectives.

Invest Ontario, the Government of Ontario's investment-attraction agency, signed a non-binding term sheet to provide up to CAD 17.5 million (~USD 12.7 million) in state loan support to Electra Battery Materials Corporation toward its ~CAD 100 million project to build what the company describes as North America's first cobalt sulfate refinery, at Temiskaming Shores, Ontario. The funding is explicitly conditional on the parties reaching a definitive agreement and is intended to reduce reliance on foreign-controlled (principally Chinese) cobalt-refining capacity for EV and energy-storage battery supply chains.

On 2 September 2025 Mexico's Finance Ministry (SHCP) launched a capitalisation and refinancing strategy for state oil company Petróleos Mexicanos (Pemex), opening a USD 12 billion bond repurchase offer (of which USD 9.9 billion targeted 2026-2029 maturities). Between 15-16 September, SHCP placed a new basket of euro- and dollar-denominated bonds totalling USD 13.8 billion equivalent (EUR 5 billion across 4/8/12-year tranches at 3.500%, 4.500% and 5.125% coupons; USD 8 billion across 5/7/10-year tranches at 4.750%, 5.375% and 5.625% coupons), taking the combined operation to roughly USD 21.8 billion. SHCP stated the goal was to strengthen Pemex's capitalisation levels, reduce its financial debt balance, manage supplier obligations, fund investment projects, and improve its debt-maturity profile. The operation is part of the government's 2025-2035 Pemex strategic (rescue) plan and preceded credit-rating upgrades from Fitch (B+ to BB) and Moody's (B3 to B1, stable outlook).

On 5 July 2025, Mexican President Claudia Sheinbaum inaugurated the Villa de Reyes combined-cycle power plant in San Luis Potosí, a USD 350 million public investment financed and operated by state-owned utility Comisión Federal de Electricidad (CFE). The plant is designed to generate approximately 3,500 MWh/year, serving over 2.4 million households, and is framed by the government as part of a broader federal plan to add 26,000 MW of generation capacity during the current administration. The disclosure functions as state aid to CFE's domestic generation portfolio and was flagged by Global Trade Alert as a state-aid intervention.

On 22 May 2025, Mexico published a decree in the Diario Oficial de la Federación (DOF) granting fiscal incentives to companies that begin operations within newly designated "Polos de Desarrollo Económico para el Bienestar" (PODECOBI) — Economic Development Poles for Welfare. The decree grants a 100% immediate deduction of the original investment amount in new fixed assets, plus an additional 25% deduction for incremental training and innovation expenses, for taxpayers operating in the poles through fiscal year 2030. The Ministry of Economy designates and administers the poles, with a cross-secretarial promotion committee overseeing site selection; 14 zones spanning Campeche, Chihuahua, Durango, Estado de México, Guanajuato, Hidalgo, Michoacán, Puebla, Quintana Roo, Sinaloa, Sonora, Tamaulipas, Tlaxcala and Veracruz are active as of mid-2025. The measure operationalises the "Plan México" nearshoring strategy by concentrating incentives in specific geographic zones rather than applying them nationwide.

The Australian Renewable Energy Agency (ARENA) awarded up to AUD 46 million to Australian solar technology company 5B under Round 1A of the Solar Sunshot Program, the first funding decision under the AUD 1 billion program. The award comprises up to AUD 26 million in production credits tied to Australian-based manufacturing of 5B's "Maverick" prefabricated, prewired solar deployment system, plus a AUD 20 million capital grant for technology design improvements. The funding is intended to expand 5B's Adelaide manufacturing capacity to at least 200 MW of Maverick units per year over three years and is expected to cut the company's Australian production costs by 25%.

On 21 January 2025, Mexico published the Decree granting tax incentives in support of the national strategy known as "Plan Mexico" in the Diario Oficial de la Federación (DOF). The decree provides MXN 30 billion (~USD 1.5 billion) in fiscal incentives through 2030 to attract nearshoring investment, with MXN 28.5 billion allocated to immediate deductions on new fixed asset investments and MXN 1.5 billion for workforce training and innovation. Deduction rates range from 35% to 91% depending on asset type and sector, with the automotive, aerospace, and semiconductor industries expected to benefit most. The measure aims to capitalize on US-China decoupling by positioning Mexico as an alternative manufacturing base for supply chains serving the North American market.