Mexico.- The president AMLO announced that Telecommunications of Mexico (Telecom) will become Financial for Well-beingwhich will be responsible for receiving remittancesgrant word credits and organize batches.
In La Mañanera of May 26, 2022, the president Andres Manuel Lopez Obrador announced that Financiera para el Bienestar will be the only public institution that will make the calls “Well-being sessions” and will give credits to the word.
“Telecomm, which will no longer be called that, will be Financial for Well-being. (…) It will be the only public institution to deliver the Credits to the Word and the Rounds for Well-being, “explained AMLO.
The president pointed out that Telecomm currently has 1,700 branches throughout Mexico, which can be used to provide financial services to the population, without neglecting the sending of telegrams and money orders.
He criticized that past governments they left Telecomm “very abandoned”so his administration will take charge of strengthening the institution under the new name, in addition to the fact that it is already operating to receive remittances.
“La Financiera will have another purpose and it will be Telecomm, which they abandoned and has around 1,700 branches. So, Telecomm will continue with the wires and telegramsbut we are going to strengthen it to receive remittances and savings,” he specified.
AMLO added that Financiera para el Bienestar will have care centers for migrants what do you want go back to Mexico.
When asked how much the Financial for Welfare will be ready, President López Obrador assured that “everything is already there” for it to start operations, but work is still being done to make the formal announcement.
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On the other hand, he indicated that the Welfare Bank, which has 3,000 branches in the country, will focus on dispersing resources from the Welfare programs so that they reach the most remote towns.
“We are already dispersing close to 450 billion pesos and it is going to grow. I believe that this bank is going to disperse, before we finish, close to 700 billion pesos,” AMLO considered.
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