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México",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Feduardo-osuna-banca-infraestructura-mexico-plan-inversion-2026.webp","2026-03-18T00:00:00.000Z",939,"2026-03-18T09:05:04.000Z",[1457,1470,1481],{"id":1458,"newsId":1447,"languageId":47,"title":1459,"subtitle":1460,"content":1461,"summary":1462,"takeaways":1463,"seoTagConversionId":8,"seoTag":8,"seoTitle":1464,"seoKeywords":1465,"seoDescription":1466,"seoAbstract":8,"seoImage":1467,"createdAt":1468,"updatedAt":8,"language":1469},3888,"Eduardo Osuna and banking's role in Mexico's new infrastructure cycle","BBVA Mexico and Banorte position themselves to finance the most ambitious investment plan of the administration, with the energy sector at its core.","\u003Ch2>Mexico's infrastructure plan opens a new front for commercial banking\u003C\u002Fh2>\n\u003Cp>The federal government will allocate additional infrastructure resources equivalent to 2% of GDP during 2026, according to data from the Secretaría de Hacienda y Crédito Público (SHCP). The figure is part of the Infrastructure Investment Plan for Development with Well-Being 2026-2030, the administration's most ambitious program in terms of public works and mixed investment schemes. In this context, the two largest banks with a national presence, BBVA Mexico under the leadership of Eduardo Osuna Osuna, and Grupo Financiero Banorte under Marcos Ramírez Miguel, have publicly stated their willingness to finance projects derived from this plan.\u003C\u002Fp>\n\u003Cp>For industry leaders gathered at forums such as those organized by the GRI Institute, the central question is no longer whether there will be infrastructure investment, but how private and bank financing will be structured in an environment where public investment will gradually decline toward the end of the administration, according to projections from the Centro de Investigación Económica y Presupuestaria (CIEP).\u003C\u002Fp>\n\u003Ch2>Who is Eduardo Osuna Osuna and what is his influence on infrastructure financing?\u003C\u002Fh2>\n\u003Cp>Eduardo Osuna Osuna is the Vice President and CEO of BBVA Mexico, the subsidiary of the Spanish group that operates the country's largest banking network. From this position, Osuna has become one of the most influential voices in Mexico's financial system on the conditions required for long-term credit for infrastructure projects.\u003C\u002Fp>\n\u003Cp>Eduardo Osuna's stance has been clear: infrastructure lending will depend on the financial viability of projects and the regulatory certainty provided by the institutional framework. This statement establishes the parameters under which private banks will evaluate their participation in the new investment cycle. Technical viability and legal certainty are prerequisites for the deployment of bank capital—a principle that industry participants recognize as decisive for the speed of execution of the government's plan.\u003C\u002Fp>\n\u003Cp>BBVA Mexico, under Osuna's leadership, maintains a dominant position in the country's corporate lending market. Its financial structuring capability, combined with its balance sheet scale, makes it an indispensable player for any infrastructure program that aspires to mobilize private capital at scale.\u003C\u002Fp>\n\u003Ch2>Priority sectors: energy, railways, and highways concentrate investment\u003C\u002Fh2>\n\u003Cp>According to SHCP data released by the firm Nader, Hayaux &amp; Goebel, the energy sector will account for the largest share of investments contemplated in the Infrastructure Plan 2026-2030. It is followed by the railway sector, with a 15.63% share, and highways, with 13.94% of the projected total.\u003C\u002Fp>\n\u003Cp>This sectoral distribution provides concrete signals for commercial banks. Energy projects, which include generation, transmission, and distribution, require long-term financing structures with specific guarantees. Railway and highway projects, for their part, have historically been financed through infrastructure trusts and public-private partnership (PPP) schemes.\u003C\u002Fp>\n\u003Cp>The plan establishes eight strategic sectors and envisions the creation of a Strategic Investment Planning Council, a body designed to coordinate project execution. However, the specific operating rules and legislative initiatives that will give the program its legal form remain pending publication, according to official federal government information.\u003C\u002Fp>\n\u003Ch2>How does Banorte position itself for the same investment cycle?\u003C\u002Fh2>\n\u003Cp>Grupo Financiero Banorte, led by Marcos Ramírez Miguel and chaired by Carlos Hank González, represents the other pillar of national bank financing for infrastructure. Banorte's corporate loan portfolio recorded strong annual growth during the first quarter of 2025, according to the group's own financial reports.\u003C\u002Fp>\n\u003Cp>Banorte estimates it will increase its infrastructure lending budget in the coming years, driven by demand from subnational governments and opportunities arising from nearshoring, according to statements from the bank reported by Telediario in November 2024. This strategic direction positions Banorte as a direct competitor to BBVA Mexico in the race for financial structuring mandates under the government's plan.\u003C\u002Fp>\n\u003Cp>The competitive dynamic between the two institutions largely defines the Mexican banking system's capacity to absorb the credit demand that the new cycle will generate. The depth of the financing market will depend on the willingness of both banks, alongside development banks, to take on long-term risks in a fiscal environment that presents mixed signals.\u003C\u002Fp>\n\u003Ch2>The fiscal challenge: declining public investment and a drop in PPPs\u003C\u002Fh2>\n\u003Cp>One of the factors conditioning banking strategy is the federal government's fiscal trajectory. According to CIEP projections, public investment will gradually decline toward the end of the administration. Adding to this trend is a revealing figure: projects financed through public-private partnerships will see an 89.5% drop from 2025 to 2026 in the federal budget.\u003C\u002Fp>\n\u003Cp>This drastic reduction in the PPP budget poses a paradox for the sector. On one hand, the infrastructure plan announces a historic investment in mixed schemes. On the other, the federal budget for PPPs contracts sharply. Resolving this tension will depend on the specific mechanisms the government designs to channel private investment, whether through new legal instruments, renewed concessions, or infrastructure trusts with bank participation.\u003C\u002Fp>\n\u003Cp>For commercial banks, this gap between programmatic ambition and budgetary constraint represents both a risk and an opportunity. The risk lies in the regulatory uncertainty surrounding the plan's execution. The opportunity lies in the inevitable need for private capital to bridge the financing gap.\u003C\u002Fp>\n\u003Ch2>Macroeconomic impact and growth outlook\u003C\u002Fh2>\n\u003Cp>The SHCP has indicated that the infrastructure plan could push Mexico's GDP growth above the original range set in the General Economic Policy Criteria for 2026. If this projection materializes, the multiplier effect of infrastructure investment would strengthen bank credit demand in related sectors, from construction materials to engineering services.\u003C\u002Fp>\n\u003Cp>Infrastructure bank financing in Mexico is at an inflection point. The scale of the government's plan demands a coordinated response from the financial system, where institutions such as BBVA Mexico and Banorte assume leadership roles in structuring complex transactions.\u003C\u002Fp>\n\u003Ch2>Market outlook: regulatory certainty as the decisive variable\u003C\u002Fh2>\n\u003Cp>The effective participation of commercial banks in the Infrastructure Plan 2026-2030 will depend on three fundamental variables: the publication of the program's operating rules, the legal clarity of mixed investment schemes, and the ability of the Strategic Investment Planning Council to coordinate project execution.\u003C\u002Fp>\n\u003Cp>Infrastructure sector leaders across Latin America, including those participating in GRI Institute discussions, agree that the strength of Mexico's pipeline is exceptional in the region, but its execution will require a level of institutional coordination that has yet to be demonstrated.\u003C\u002Fp>\n\u003Cp>Eduardo Osuna, from BBVA Mexico, and Marcos Ramírez Miguel, from Banorte, represent two sides of the same bet: Mexico's commercial banking sector is ready to finance infrastructure, provided the rules of the game are clear and projects are financially viable. The market is watching closely to see whether the federal government can turn an ambitious plan into an executable and bankable pipeline.\u003C\u002Fp>","Mexico's Infrastructure Investment Plan 2026-2030 allocates resources equivalent to 2% of GDP, prioritizing the energy, railway, and highway sectors. BBVA Mexico, led by Eduardo Osuna, and Banorte, headed by Marcos Ramírez Miguel, have expressed willingness to finance projects, contingent on regulatory certainty and financial viability. However, the PPP budget faces an 89.5% cut and public investment will decline toward the end of the administration. Clear operating rules and legal frameworks will be decisive in turning programmatic ambition into executable, bankable projects.","\u003Cul>\n\u003Cli>The federal government will allocate additional resources equivalent to 2% of GDP to infrastructure in 2026, with the energy sector as the main recipient.\u003C\u002Fli>\n\u003Cli>BBVA Mexico (Eduardo Osuna) and Banorte (Marcos Ramírez Miguel) position themselves as pillars of bank financing for the plan.\u003C\u002Fli>\n\u003Cli>PPP-funded projects face an 89.5% federal budget cut from 2025 to 2026.\u003C\u002Fli>\n\u003Cli>Regulatory certainty, operating rules, and financial viability are prerequisites for bank participation.\u003C\u002Fli>\n\u003Cli>Public investment will gradually decline toward the end of the administration, increasing the need for private capital.\u003C\u002Fli>\n\u003C\u002Ful>\n","Eduardo Osuna and banking in Mexico infrastructure","eduardo osuna, eduardo osuna osuna biography, BBVA mexico infrastructure, banorte infrastructure, mexico infrastructure plan 2026, infrastructure financing mexico, public-private partnerships mexico","Analysis of Eduardo Osuna Osuna (BBVA Mexico) and Banorte's role in financing Mexico's Infrastructure Plan 2026-2030. Investment data by sector, credit projections, and the regulatory challenge facing commercial banks.","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Feduardo-osuna-banca-infraestructura-mexico-plan-inversion-2026-seo.jpg","2026-03-18T09:05:05.000Z",{"code":13},{"id":1471,"newsId":1447,"languageId":25,"title":1472,"subtitle":1473,"content":1474,"summary":1475,"takeaways":1476,"seoTagConversionId":8,"seoTag":8,"seoTitle":1477,"seoKeywords":1478,"seoDescription":1479,"seoAbstract":8,"seoImage":1467,"createdAt":1468,"updatedAt":8,"language":1480},3889,"Eduardo Osuna e o papel dos bancos no novo ciclo de infraestrutura do México","BBVA México e Banorte se posicionam para financiar o plano de investimento mais ambicioso do sexênio, com o setor energético como eixo central.","\u003Ch2>O plano de infraestrutura do México abre uma nova frente para a banca comercial\u003C\u002Fh2>\n\u003Cp>O governo federal destinará recursos adicionais a infraestrutura equivalentes a 2% do PIB durante 2026, segundo dados da Secretaría de Hacienda y Crédito Público (SHCP). O valor faz parte do Plano de Investimento em Infraestrutura para o Desenvolvimento com Bem-Estar 2026-2030, o programa mais ambicioso do sexênio em matéria de obra pública e esquemas de investimento misto. Nesse contexto, os dois maiores bancos com presença nacional, BBVA México sob a direção de Eduardo Osuna Osuna, e Grupo Financiero Banorte sob a liderança de Marcos Ramírez Miguel, declararam publicamente sua disposição para financiar os projetos derivados deste plano.\u003C\u002Fp>\n\u003Cp>Para os líderes do setor reunidos em fóruns como os do GRI Institute, a pergunta central já não é se haverá investimento em infraestrutura, mas como será estruturado o financiamento privado e bancário em um ambiente onde o investimento público será reduzido gradualmente até o final do sexênio, segundo projeções do Centro de Investigación Económica y Presupuestaria (CIEP).\u003C\u002Fp>\n\u003Ch2>Quem é Eduardo Osuna Osuna e qual é sua influência no financiamento de infraestrutura?\u003C\u002Fh2>\n\u003Cp>Eduardo Osuna Osuna é o Vice-Presidente e Diretor Geral do BBVA México, a subsidiária do grupo espanhol que opera a maior rede bancária do país. A partir dessa posição, Osuna se tornou uma das vozes mais influentes do sistema financeiro mexicano sobre as condições necessárias para o crédito de longo prazo em projetos de infraestrutura.\u003C\u002Fp>\n\u003Cp>A postura de Eduardo Osuna tem sido clara: o crédito em infraestrutura dependerá da viabilidade financeira dos projetos e da certeza regulatória oferecida pelo marco institucional. Esta declaração estabelece os parâmetros sob os quais a banca privada avaliará sua participação no novo ciclo de investimento. A viabilidade técnica e a certeza jurídica são condições prévias para a liberação de capital bancário, um princípio que os participantes do setor reconhecem como determinante para a velocidade de execução do plano governamental.\u003C\u002Fp>\n\u003Cp>O BBVA México, sob a condução de Osuna, mantém uma posição dominante no mercado de crédito corporativo no país. Sua capacidade de estruturação financeira, combinada com a escala de seu balanço, o torna um ator indispensável para qualquer programa de infraestrutura que aspire a mobilizar capital privado em grande escala.\u003C\u002Fp>\n\u003Ch2>Setores prioritários: energia, ferrovias e rodovias concentram o investimento\u003C\u002Fh2>\n\u003Cp>De acordo com dados da SHCP divulgados pelo escritório Nader, Hayaux &amp; Goebel, o setor energético concentrará a maior parte dos investimentos contemplados no Plano de Infraestrutura 2026-2030. Em seguida vem o setor ferroviário, com uma participação de 15,63%, e rodovias, com 13,94% do total projetado.\u003C\u002Fp>\n\u003Cp>Essa distribuição setorial oferece sinais concretos para a banca comercial. Os projetos energéticos, que incluem geração, transmissão e distribuição, demandam estruturas de financiamento de longo prazo com garantias específicas. Os projetos ferroviários e rodoviários, por sua vez, historicamente têm sido financiados por meio de fundos de infraestrutura e esquemas de parcerias público-privadas (PPPs).\u003C\u002Fp>\n\u003Cp>O plano estabelece oito setores estratégicos e contempla a criação de um Conselho de Planejamento Estratégico do Investimento, um órgão projetado para coordenar a execução dos projetos. No entanto, as regras operacionais específicas e as iniciativas de lei que darão forma legal ao programa permanecem pendentes de publicação, segundo informações oficiais do governo federal.\u003C\u002Fp>\n\u003Ch2>Como o Banorte se posiciona diante do mesmo ciclo de investimento?\u003C\u002Fh2>\n\u003Cp>O Grupo Financiero Banorte, dirigido por Marcos Ramírez Miguel e presidido por Carlos Hank González, representa o outro pilar do financiamento bancário nacional para infraestrutura. A carteira de crédito corporativo do Banorte registrou um forte crescimento anual durante o primeiro trimestre de 2025, segundo os relatórios financeiros do próprio grupo.\u003C\u002Fp>\n\u003Cp>O Banorte estima aumentar seu orçamento para crédito de infraestrutura nos próximos anos, impulsionado pela demanda de governos subnacionais e pelas oportunidades derivadas do nearshoring, de acordo com declarações do banco recolhidas pelo Telediario em novembro de 2024. Essa orientação estratégica posiciona o Banorte como um concorrente direto do BBVA México na disputa pelos mandatos de estruturação financeira do plano governamental.\u003C\u002Fp>\n\u003Cp>A dinâmica competitiva entre ambas as instituições define em grande medida a capacidade do sistema bancário mexicano para absorver a demanda de crédito que o novo ciclo gerará. A profundidade do mercado de financiamento dependerá da disposição de ambos os bancos, junto com a banca de desenvolvimento, para assumir riscos de longo prazo em um ambiente fiscal que apresenta sinais mistos.\u003C\u002Fp>\n\u003Ch2>O desafio fiscal: investimento público decrescente e queda nas PPPs\u003C\u002Fh2>\n\u003Cp>Um dos fatores que condiciona a estratégia bancária é a trajetória fiscal do governo federal. Segundo projeções do CIEP, o investimento público será reduzido gradualmente até o final do sexênio. A essa tendência se soma um dado revelador: os projetos financiados por meio de parcerias público-privadas sofrerão uma queda de 89,5% de 2025 a 2026 no orçamento federal.\u003C\u002Fp>\n\u003Cp>Essa redução drástica no orçamento destinado a PPPs coloca um paradoxo para o setor. Por um lado, o plano de infraestrutura anuncia um investimento histórico em esquemas mistos. Por outro, o orçamento federal para PPPs se contrai de maneira pronunciada. A resolução dessa tensão dependerá dos mecanismos específicos que o governo projete para canalizar investimento privado, seja por meio de novas figuras jurídicas, concessões renovadas ou fundos de infraestrutura com participação bancária.\u003C\u002Fp>\n\u003Cp>Para a banca comercial, essa lacuna entre ambição programática e restrição orçamentária representa tanto um risco quanto uma oportunidade. O risco reside na incerteza regulatória que cerca a execução do plano. A oportunidade, na necessidade inevitável de capital privado para fechar a lacuna de financiamento.\u003C\u002Fp>\n\u003Ch2>Impacto macroeconômico e perspectivas de crescimento\u003C\u002Fh2>\n\u003Cp>A SHCP sinalizou que o plano de infraestrutura poderia impulsionar o crescimento do PIB do México acima do intervalo original estabelecido nos Critérios Gerais de Política Econômica para 2026. Se essa projeção se materializar, o efeito multiplicador do investimento em infraestrutura reforçaria a demanda de crédito bancário em setores conexos, desde materiais de construção até serviços de engenharia.\u003C\u002Fp>\n\u003Cp>O financiamento bancário de infraestrutura no México se encontra em um ponto de inflexão. A escala do plano governamental exige uma resposta coordenada do sistema financeiro, onde instituições como BBVA México e Banorte assumem papéis de liderança na estruturação de operações complexas.\u003C\u002Fp>\n\u003Ch2>Perspectiva do mercado: certeza regulatória como variável decisiva\u003C\u002Fh2>\n\u003Cp>A participação efetiva da banca comercial no Plano de Infraestrutura 2026-2030 dependerá de três variáveis fundamentais: a publicação das regras operacionais do programa, a clareza jurídica dos esquemas de investimento misto e a capacidade do Conselho de Planejamento Estratégico do Investimento para coordenar a execução dos projetos.\u003C\u002Fp>\n\u003Cp>Líderes do setor de infraestrutura na América Latina, incluindo os que participam das discussões do GRI Institute, concordam que a solidez do pipeline mexicano é excepcional na região, mas sua execução exigirá um nível de coordenação institucional que ainda está por ser demonstrado.\u003C\u002Fp>\n\u003Cp>Eduardo Osuna, a partir do BBVA México, e Marcos Ramírez Miguel, a partir do Banorte, representam as duas faces de uma mesma aposta: a banca comercial mexicana está preparada para financiar infraestrutura, desde que as regras do jogo sejam claras e os projetos sejam financeiramente viáveis. O mercado observa com atenção se o governo federal conseguirá converter um plano ambicioso em um pipeline executável e bancável.\u003C\u002Fp>","O Plano de Investimento em Infraestrutura 2026-2030 do governo mexicano contempla recursos equivalentes a 2% do PIB, com os setores energético, ferroviário e rodoviário como eixos prioritários. BBVA México, dirigido por Eduardo Osuna, e Banorte, liderado por Marcos Ramírez Miguel, expressaram disposição para financiar projetos, condicionada à certeza regulatória e viabilidade financeira. Porém, o orçamento para PPPs cairá 89,5% e o investimento público decrescerá até o fim do sexênio. Regras operacionais e marcos jurídicos claros serão decisivos para converter a ambição em projetos executáveis e bancáveis.","\u003Cul>\n\u003Cli>O governo federal destinará recursos adicionais equivalentes a 2% do PIB à infraestrutura em 2026, com o setor energético como principal receptor.\u003C\u002Fli>\n\u003Cli>BBVA México (Eduardo Osuna) e Banorte (Marcos Ramírez Miguel) se posicionam como pilares do financiamento bancário para o plano.\u003C\u002Fli>\n\u003Cli>Projetos via parcerias público-privadas (PPPs) sofrerão queda de 89,5% no orçamento federal de 2025 a 2026.\u003C\u002Fli>\n\u003Cli>Certeza regulatória, regras operacionais e viabilidade financeira são condições prévias para a participação bancária.\u003C\u002Fli>\n\u003Cli>O investimento público diminuirá gradualmente até o final do sexênio, ampliando a necessidade de capital privado.\u003C\u002Fli>\n\u003C\u002Ful>\n","Eduardo Osuna e a banca em infraestrutura no México","eduardo osuna, eduardo osuna osuna biografia, BBVA mexico infraestrutura, banorte infraestrutura, plano infraestrutura mexico 2026, financiamento infraestrutura mexico, parcerias público-privadas mexico","Análise do papel de Eduardo Osuna Osuna (BBVA México) e Banorte no financiamento do Plano de Infraestrutura 2026-2030 do México. Dados de investimento por setor, projeções de crédito e o desafio regulatório para a banca comercial.",{"code":18},{"id":1482,"newsId":1447,"languageId":5,"title":1450,"subtitle":1483,"content":1484,"summary":1485,"takeaways":1486,"seoTagConversionId":8,"seoTag":8,"seoTitle":1487,"seoKeywords":1488,"seoDescription":1489,"seoAbstract":8,"seoImage":1467,"createdAt":1468,"updatedAt":8,"language":1490},3890,"BBVA México y Banorte se posicionan para financiar el plan de inversión más ambicioso del sexenio, con el sector energético como eje central.","\u003Ch2>El plan de infraestructura de México abre un nuevo frente para la banca comercial\u003C\u002Fh2>\n\u003Cp>El gobierno federal destinará recursos adicionales a infraestructura equivalentes al 2% del PIB durante 2026, según datos de la Secretaría de Hacienda y Crédito Público (SHCP). La cifra forma parte del Plan de Inversión en Infraestructura para el Desarrollo con Bienestar 2026-2030, el programa más ambicioso del sexenio en materia de obra pública y esquemas de inversión mixta. En ese contexto, los dos mayores bancos con presencia nacional, BBVA México bajo la dirección de Eduardo Osuna Osuna, y Grupo Financiero Banorte bajo el liderazgo de Marcos Ramírez Miguel, han declarado públicamente su disposición para financiar los proyectos derivados de este plan.\u003C\u002Fp>\n\u003Cp>Para los líderes del sector reunidos en foros como los del GRI Institute, la pregunta central ya no es si habrá inversión en infraestructura, sino cómo se estructurará el financiamiento privado y bancario en un entorno donde la inversión pública se reducirá gradualmente hacia el final del sexenio, según proyecciones del Centro de Investigación Económica y Presupuestaria (CIEP).\u003C\u002Fp>\n\u003Ch2>¿Quién es Eduardo Osuna Osuna y cuál es su influencia en el financiamiento de infraestructura?\u003C\u002Fh2>\n\u003Cp>Eduardo Osuna Osuna es el Vicepresidente y Director General de BBVA México, la filial del grupo español que opera la mayor red bancaria del país. Desde esa posición, Osuna se ha convertido en una de las voces más influyentes del sistema financiero mexicano sobre las condiciones que requiere el crédito a largo plazo para proyectos de infraestructura.\u003C\u002Fp>\n\u003Cp>La postura de Eduardo Osuna ha sido clara: el crédito en infraestructura dependerá de la viabilidad financiera de los proyectos y de la certidumbre regulatoria que ofrezca el marco institucional. Esta declaración establece los parámetros bajo los cuales la banca privada evaluará su participación en el nuevo ciclo de inversión. La viabilidad técnica y la certidumbre jurídica son condiciones previas al despliegue de capital bancario, un principio que los participantes de la industria reconocen como determinante para la velocidad de ejecución del plan gubernamental.\u003C\u002Fp>\n\u003Cp>BBVA México, bajo la conducción de Osuna, mantiene una posición dominante en el mercado de crédito corporativo en el país. Su capacidad de estructuración financiera, combinada con la escala de su balance, lo convierte en un actor indispensable para cualquier programa de infraestructura que aspire a movilizar capital privado a gran escala.\u003C\u002Fp>\n\u003Ch2>Sectores prioritarios: energía, trenes y carreteras concentran la inversión\u003C\u002Fh2>\n\u003Cp>De acuerdo con datos de la SHCP difundidos por el despacho Nader, Hayaux &amp; Goebel, el sector energético concentrará la mayor parte de las inversiones contempladas en el Plan de Infraestructura 2026-2030. Le siguen el sector de trenes, con una participación del 15.63%, y carreteras, con el 13.94% del total proyectado.\u003C\u002Fp>\n\u003Cp>Esta distribución sectorial ofrece señales concretas para la banca comercial. Los proyectos energéticos, que incluyen generación, transmisión y distribución, demandan estructuras de financiamiento de largo plazo con garantías específicas. Los proyectos ferroviarios y carreteros, por su parte, históricamente se han financiado mediante fideicomisos de infraestructura y esquemas de asociaciones público-privadas (APP).\u003C\u002Fp>\n\u003Cp>El plan establece ocho sectores estratégicos y contempla la creación de un Consejo de Planeación Estratégica de la Inversión, un órgano diseñado para coordinar la ejecución de los proyectos. Sin embargo, las reglas de operación específicas y las iniciativas de ley que darán forma legal al programa permanecen pendientes de publicación, según información oficial del gobierno federal.\u003C\u002Fp>\n\u003Ch2>¿Cómo se posiciona Banorte frente al mismo ciclo de inversión?\u003C\u002Fh2>\n\u003Cp>Grupo Financiero Banorte, dirigido por Marcos Ramírez Miguel y presidido por Carlos Hank González, representa el otro pilar del financiamiento bancario nacional para infraestructura. La cartera de crédito corporativo de Banorte registró un fuerte crecimiento anual durante el primer trimestre de 2025, según los reportes financieros del propio grupo.\u003C\u002Fp>\n\u003Cp>Banorte estima incrementar su presupuesto para crédito a infraestructura en los próximos años, impulsado por la demanda de gobiernos subnacionales y por las oportunidades derivadas del nearshoring, de acuerdo con declaraciones del banco recogidas por Telediario en noviembre de 2024. Esta orientación estratégica posiciona a Banorte como un competidor directo de BBVA México en la disputa por los mandatos de estructuración financiera del plan gubernamental.\u003C\u002Fp>\n\u003Cp>La dinámica competitiva entre ambas instituciones define en buena medida la capacidad del sistema bancario mexicano para absorber la demanda de crédito que generará el nuevo ciclo. La profundidad del mercado de financiamiento dependerá de la disposición de ambos bancos, junto con la banca de desarrollo, para asumir riesgos de largo plazo en un entorno fiscal que presenta señales mixtas.\u003C\u002Fp>\n\u003Ch2>El desafío fiscal: inversión pública decreciente y caída en APP\u003C\u002Fh2>\n\u003Cp>Uno de los factores que condiciona la estrategia bancaria es la trayectoria fiscal del gobierno federal. Según proyecciones del CIEP, la inversión pública se reducirá gradualmente hacia el final del sexenio. A esta tendencia se suma un dato revelador: los proyectos financiados a través de asociaciones público-privadas sufrirán una caída del 89.5% de 2025 a 2026 en el presupuesto federal.\u003C\u002Fp>\n\u003Cp>Esta reducción drástica en el presupuesto destinado a APP plantea una paradoja para el sector. Por un lado, el plan de infraestructura anuncia una inversión histórica en esquemas mixtos. Por otro, el presupuesto federal para APP se contrae de manera pronunciada. La resolución de esta tensión dependerá de los mecanismos específicos que el gobierno diseñe para canalizar inversión privada, ya sea a través de nuevas figuras jurídicas, concesiones renovadas o fideicomisos de infraestructura con participación bancaria.\u003C\u002Fp>\n\u003Cp>Para la banca comercial, esta brecha entre ambición programática y restricción presupuestaria representa tanto un riesgo como una oportunidad. El riesgo reside en la incertidumbre regulatoria que rodea la ejecución del plan. La oportunidad, en la necesidad inevitable de capital privado para cerrar la brecha de financiamiento.\u003C\u002Fp>\n\u003Ch2>Impacto macroeconómico y perspectivas de crecimiento\u003C\u002Fh2>\n\u003Cp>La SHCP ha señalado que el plan de infraestructura podría impulsar el crecimiento del PIB de México por encima del intervalo original establecido en los Criterios Generales de Política Económica para 2026. Si esta proyección se materializa, el efecto multiplicador de la inversión en infraestructura reforzaría la demanda de crédito bancario en sectores conexos, desde materiales de construcción hasta servicios de ingeniería.\u003C\u002Fp>\n\u003Cp>El financiamiento bancario de infraestructura en México se encuentra en un punto de inflexión. La escala del plan gubernamental exige una respuesta coordinada del sistema financiero, donde instituciones como BBVA México y Banorte asumen roles de liderazgo en la estructuración de operaciones complejas.\u003C\u002Fp>\n\u003Ch2>Perspectiva del mercado: certidumbre regulatoria como variable decisiva\u003C\u002Fh2>\n\u003Cp>La participación efectiva de la banca comercial en el Plan de Infraestructura 2026-2030 dependerá de tres variables fundamentales: la publicación de las reglas de operación del programa, la claridad jurídica de los esquemas de inversión mixta y la capacidad del Consejo de Planeación Estratégica de la Inversión para coordinar la ejecución de proyectos.\u003C\u002Fp>\n\u003Cp>Líderes del sector de infraestructura en América Latina, incluidos los que participan en las discusiones del GRI Institute, coinciden en que la solidez del pipeline mexicano es excepcional en la región, pero su ejecución requerirá un nivel de coordinación institucional que aún está por demostrarse.\u003C\u002Fp>\n\u003Cp>Eduardo Osuna, desde BBVA México, y Marcos Ramírez Miguel, desde Banorte, representan las dos caras de una misma apuesta: la banca comercial mexicana está preparada para financiar infraestructura, siempre que las reglas del juego sean claras y los proyectos sean financieramente viables. El mercado observa con atención si el gobierno federal logrará convertir un plan ambicioso en un pipeline ejecutable y bancable.\u003C\u002Fp>\n","El Plan de Inversión en Infraestructura 2026-2030 del gobierno mexicano contempla recursos equivalentes al 2% del PIB, con el sector energético, trenes y carreteras como ejes prioritarios. BBVA México, dirigido por Eduardo Osuna, y Banorte, liderado por Marcos Ramírez Miguel, han expresado su disposición para financiar proyectos, condicionada a certidumbre regulatoria y viabilidad financiera.\n\nSin embargo, el plan enfrenta tensiones: el presupuesto para APP caerá 89.5% y la inversión pública decrecerá hacia fin de sexenio. La publicación de reglas de operación y marcos jurídicos claros será decisiva para convertir la ambición programática en proyectos ejecutables y bancables.","\u003Cul>\n\u003Cli>El gobierno federal destinará recursos adicionales equivalentes al 2% del PIB a infraestructura en 2026, con el sector energético como principal receptor.\u003C\u002Fli>\n\u003Cli>BBVA México (Eduardo Osuna) y Banorte (Marcos Ramírez Miguel) se posicionan como pilares del financiamiento bancario para el plan.\u003C\u002Fli>\n\u003Cli>Los proyectos vía asociaciones público-privadas (APP) sufrirán una caída del 89.5% en presupuesto federal de 2025 a 2026.\u003C\u002Fli>\n\u003Cli>La certidumbre regulatoria, las reglas de operación y la viabilidad financiera de los proyectos son condiciones previas para la participación bancaria.\u003C\u002Fli>\n\u003Cli>La inversión pública se reducirá gradualmente hacia el final del sexenio, ampliando la necesidad de capital privado.\u003C\u002Fli>\n\u003C\u002Ful>\n","Eduardo Osuna y la banca en infraestructura México","eduardo osuna, eduardo osuna osuna biografia, eduardo osuna osuna wikipedia, eduardo osuna biografia, plan infraestructura mexico 2026, banorte infraestructura, BBVA mexico infraestructura","Análisis del rol de Eduardo Osuna Osuna (BBVA México) y Banorte en el financiamiento del Plan de Infraestructura 2026-2030 de México. Datos de inversión por sector, proyecciones de crédito y el desafío regulatorio para la banca comercial.",{"code":23},{"id":5,"color":7,"translations":1492},[1493,1495,1497],{"title":6,"slug":11,"language":1494},{"code":13},{"title":15,"slug":16,"language":1496},{"code":18},{"title":20,"slug":21,"language":1498},{"code":23},[1500,1508,1516],{"id":65,"label":1231,"translations":1501},[1502,1504,1506],{"label":1231,"slug":1242,"language":1503},{"code":13},{"label":1245,"slug":1246,"language":1505},{"code":18},{"label":1249,"slug":1250,"language":1507},{"code":23},{"id":120,"label":986,"translations":1509},[1510,1512,1514],{"label":986,"slug":997,"language":1511},{"code":13},{"label":1000,"slug":1001,"language":1513},{"code":18},{"label":1004,"slug":1001,"language":1515},{"code":23},{"id":136,"label":1051,"translations":1517},[1518,1520,1522],{"label":1051,"slug":1062,"language":1519},{"code":13},{"label":1065,"slug":1066,"language":1521},{"code":18},{"label":1069,"slug":1070,"language":1523},{"code":23},[1525,1527,1529,1532,1534],{"name":82,"enName":82,"ptName":82,"iso2":1526},"AR",{"name":220,"enName":220,"ptName":220,"iso2":1528},"CL",{"name":233,"enName":233,"ptName":1530,"iso2":1531},"Colômbia","CO",{"name":567,"enName":567,"ptName":567,"iso2":1533},"MX",{"name":676,"enName":676,"ptName":676,"iso2":1535},"PE",[1537],{"name":1538,"slug":1539,"image":8,"order":115},"GRI Institute","gri-institute",{"en":1541,"pt-BR":1542,"es":1543},"\u002Finfrastructure\u002Feduardo-osuna-banca-infraestructura-mexico-plan-inversion-2026","\u002Finfraestrutura\u002Feduardo-osuna-banca-infraestructura-mexico-plan-inversion-2026","\u002Finfraestructura\u002Feduardo-osuna-banca-infraestructura-mexico-plan-inversion-2026",[1545,1546,1547,1548,1549,1550],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]