Search results
Results from the WOW.Com Content Network
The Secretariat of the Treasury and Public Credit (Spanish: Secretaría de Hacienda y Crédito Público, SHCP) is the finance ministry of Mexico. The Secretary of the Treasury is the head of the department, and is a member of the federal executive cabinet, appointed to the post by the President of the Republic, with the approval of the Chamber of Deputies.
A successor to the Instituto de Crédito a Medio y Largo Plazo, [2] the ICO was created in 1971 following the Matesa Scandal as public law entity (entidad de derecho público). [3] Previously under the jurisdiction of the Ministry of Economy and Finance, it became a State company in 1989. [4]
A credit crunch (a credit squeeze, credit tightening or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.