Laserfiche WebLink
<br />001460 <br /> <br />. <br /> <br />· The U.S. Treasury Department will coordinate the provision of technical assistance to <br />Mexico's Sociedad Hipotecaria Federal (SHF) to encourage securitization of mortgages and <br />the creation of a secondary mortgage market in Mexico. In these efforts, Treasury will draw <br />upon experts with experience in housing finance from private [mancial institutions, <br />government-sponsored agencies (like Fannie Mae, Freddie Mac, and Ginnie Mae), and the <br />U.S. Office of Federal Housing Enterprise and Oversight (OFHEO). <br /> <br />· Texas A&M University will direct an effort to work with appropriate Mexican and U.S. <br />universities to develop agricultural extension courses for small- to medium~sized farms and <br />agribusinesses (including co-operatives) on marketing, finance, management and negotiation. <br /> <br />· The U.S. Department of Agriculture and the Mexican Secretariat of Agriculture will examine <br />the feasibility of launching a "greenhouse" program in regions with inadequate water <br />supplies to promote cultivation of vegetables and flower products for which Mexico has a <br />comparative advantage. <br /> <br />· The U.S. State Department will work with the Mexican Consejo Nacional para la Cultura y <br />.las Artes (CONACULTA), the Programa de Apoyo al Disefio Artesanal (PROADA), and the <br />Mexican Secretariat of the Economy and BANCOMEXT to establish a network of contacts <br />for indigenous Mexican handicraft producers to market their goods throughout the United <br />States. <br /> <br />. <br /> <br />· NAFIN, SBA, OPIC and others will provide technical assistance to Mexican [mancial and <br />investment managers and business executives on venture capital and private equity ftnancing, <br />and will help identify speciftc sectors in which private equity funding is needed. In April <br />2002,NAFIN, with the IDB's Multilateral Investment Fund, will sponsor a venture capital <br />best practices seminar focused on policy-makers, authorities and Mexican entrepreneurs. <br /> <br />· NAFIN, in coordination with SBA, will provide financial and investment training to Mexican <br />small business and hometown associations in the United States in areas with significant <br />Mexican migrant populations. As a pilot project, NAFIN has begun work with Mexican <br />hometown associations representing the states ofPuebla, Guanajuato and Zacatecas. <br /> <br />· USAID, ExIm, OPIC, SBA, NAFIN and BANCOMEXT will work together to offer <br />technical assistance in the development of new ftnancial products. <br /> <br />· Agencies working with the USA Freedom Corps will collaborate with the private sector to <br />provide volunteer experts in areas such as financial management, information technology, <br />and business management to provide assistance on speciftc projects. Volunteers will also be <br />provided to help communities in need of basic education and language skills. <br /> <br />. <br /> <br />C. Building Capacity for Future Growth <br /> <br />For Mexico to take full advantage of the beneftts of its open markets and build capacity for <br />future. growth, the Partnership aims to promote investment in Mexico's physical infrastructure <br /> <br />6 <br />