{"id":26373,"date":"2025-09-02T18:00:09","date_gmt":"2025-09-02T23:00:09","guid":{"rendered":"https:\/\/pdv-a.com\/?p=26373"},"modified":"2025-09-02T18:04:39","modified_gmt":"2025-09-02T23:04:39","slug":"riesgo-pais-de-mexico","status":"publish","type":"post","link":"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/","title":{"rendered":"El riesgo pa\u00eds de M\u00e9xico se desploma en 2025 y refuerza la confianza de los inversionistas internacionales"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\"  style='background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top: -2%;'><div class=\"fusion-builder-row fusion-row\"><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link) , .fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):before, .fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):after {color: #212934;}.fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover, .fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:before, .fusion-fullwidth.fusion-builder-row-1 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:after {color: #ff7700;}.fusion-fullwidth.fusion-builder-row-1 .pagination a.inactive:hover, .fusion-fullwidth.fusion-builder-row-1 .fusion-filters .fusion-filter.fusion-active a {border-color: #ff7700;}.fusion-fullwidth.fusion-builder-row-1 .pagination .current {border-color: #ff7700; background-color: #ff7700;}.fusion-fullwidth.fusion-builder-row-1 .fusion-filters .fusion-filter.fusion-active a, .fusion-fullwidth.fusion-builder-row-1 .fusion-date-and-formats .fusion-format-box, .fusion-fullwidth.fusion-builder-row-1 .fusion-popover, .fusion-fullwidth.fusion-builder-row-1 .tooltip-shortcode {color: #ff7700;}#main .fusion-fullwidth.fusion-builder-row-1 .post .blog-shortcode-post-title a:hover {color: #ff7700;}<\/style><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\"  style='background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;'><div class=\"fusion-builder-row fusion-row\"><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_2_3 fusion-builder-column-0 fusion-two-third fusion-column-first 2_3\"  style='margin-top:0px;margin-bottom:20px;width:66.66%;width:calc(66.66% - ( ( 4% ) * 0.6666 ) );margin-right: 4%;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><div class=\"fusion-text\"><p data-start=\"279\" data-end=\"569\">El riesgo pa\u00eds de M\u00e9xico alcanz\u00f3 en agosto de 2025 su nivel m\u00e1s bajo en lo que va del a\u00f1o, un hecho que refleja la renovada confianza de los mercados en la solidez fiscal del pa\u00eds, la estabilidad de su entorno macroecon\u00f3mico y la mejora en la percepci\u00f3n sobre Petr\u00f3leos Mexicanos (Pemex).<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/#Los_motores_detras_de_la_recuperacion\" >Los motores detr\u00e1s de la recuperaci\u00f3n<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/#El_papel_decisivo_de_la_disciplina_fiscal\" >El papel decisivo de la disciplina fiscal<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/#Perspectiva_de_largo_plazo\" >Perspectiva de largo plazo<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/#Factores_estructurales_que_condicionan_el_riesgo_pais\" >Factores estructurales que condicionan el riesgo pa\u00eds<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pdv-a.com\/en\/2025\/riesgo-pais-de-mexico\/#Situacion_actual_en_2025\" >Situaci\u00f3n actual en 2025<\/a><\/li><\/ul><\/nav><\/div>\n\n<p data-start=\"571\" data-end=\"919\">El indicador que mide el costo de asegurar la deuda soberana frente a un impago \u2014los <strong data-start=\"656\" data-end=\"686\">Credit Default Swaps (CDS)<\/strong> a cinco a\u00f1os\u2014 cerr\u00f3 el 13 de agosto en <strong data-start=\"726\" data-end=\"744\">96 puntos base<\/strong>, despu\u00e9s de haber escalado hasta <strong data-start=\"778\" data-end=\"806\">159 puntos base en abril<\/strong>, cuando la pol\u00edtica arancelaria de Donald Trump gener\u00f3 incertidumbre sobre la plataforma exportadora mexicana.<\/p>\n<p data-start=\"921\" data-end=\"1271\">Seg\u00fan los analistas, la reciente ca\u00edda en el CDS refleja una combinaci\u00f3n de factores internos y externos: desde la disciplina fiscal de la actual administraci\u00f3n hasta el alivio en las tensiones comerciales globales y la consolidaci\u00f3n de M\u00e9xico como socio estrat\u00e9gico de Estados Unidos en un contexto de reconfiguraci\u00f3n de las cadenas de suministro.<\/p>\n<h5 data-start=\"1278\" data-end=\"1320\"><span class=\"ez-toc-section\" id=\"Los_motores_detras_de_la_recuperacion\"><\/span><strong>Los motores detr\u00e1s de la recuperaci\u00f3n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p data-start=\"1322\" data-end=\"1801\">Un an\u00e1lisis de Monex se\u00f1ala que el respiro en el riesgo pa\u00eds est\u00e1 vinculado a varios elementos. En el frente internacional, el acuerdo arancelario entre Estados Unidos y China del 12 de mayo redujo la tensi\u00f3n en los mercados y elev\u00f3 las expectativas de crecimiento mundial. La extensi\u00f3n de una tregua de 90 d\u00edas permiti\u00f3, adem\u00e1s, que M\u00e9xico consolidara una participaci\u00f3n r\u00e9cord de <strong data-start=\"1703\" data-end=\"1749\">16.9% en las importaciones estadounidenses<\/strong>, reforzando su papel como aliado comercial clave.<\/p>\n<p data-start=\"1803\" data-end=\"2109\">En paralelo, M\u00e9xico goza de condiciones favorables frente a otros socios comerciales de EE.UU.: mientras las importaciones mexicanas pagan una tarifa efectiva promedio de <strong data-start=\"1974\" data-end=\"1981\">11%<\/strong>, Canad\u00e1 enfrenta un <strong data-start=\"2002\" data-end=\"2009\">13%<\/strong> y China un <strong data-start=\"2021\" data-end=\"2028\">18%<\/strong>, de acuerdo con Alejandro Salda\u00f1a, economista en jefe de Grupo Financiero Bx+.<\/p>\n<p data-start=\"2111\" data-end=\"2369\">En el \u00e1mbito interno, la mejora en la calificaci\u00f3n crediticia de Pemex por parte de Fitch redujo las preocupaciones sobre la sostenibilidad de la deuda p\u00fablica, mientras que el pa\u00eds logr\u00f3 sostener estabilidad macroecon\u00f3mica pese a la desaceleraci\u00f3n global.<\/p>\n<h5 data-start=\"2376\" data-end=\"2422\"><span class=\"ez-toc-section\" id=\"El_papel_decisivo_de_la_disciplina_fiscal\"><\/span><strong>El papel decisivo de la disciplina fiscal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p data-start=\"2424\" data-end=\"2853\">Para Rams\u00e9 Guti\u00e9rrez, vicepresidente de Franklin Templeton M\u00e9xico, la ca\u00edda en el CDS tiene como pilar central la disciplina fiscal. Datos de la Secretar\u00eda de Hacienda y Cr\u00e9dito P\u00fablico muestran que, al segundo trimestre de 2025, el d\u00e9ficit presupuestario fue de <strong data-start=\"2687\" data-end=\"2716\">192,000 millones de pesos<\/strong>, menor al estimado, mientras que el super\u00e1vit primario alcanz\u00f3 <strong data-start=\"2780\" data-end=\"2800\">172,000 millones<\/strong>, superando lo proyectado en el calendario oficial.<\/p>\n<p data-start=\"2855\" data-end=\"3163\">\u201cEl verdadero ancla de la confianza no es \u00fanicamente la menor tensi\u00f3n arancelaria, sino la solidez de las cuentas p\u00fablicas. El paquete econ\u00f3mico de septiembre, el manejo del d\u00e9ficit y la evoluci\u00f3n del sector energ\u00e9tico ser\u00e1n determinantes para la percepci\u00f3n de riesgo pa\u00eds hacia el cierre de 2025\u201d, afirm\u00f3.<\/p>\n<p data-start=\"3165\" data-end=\"3243\">Aun as\u00ed, advierte que los inversionistas deber\u00e1n vigilar tres frentes clave:<\/p>\n<ul data-start=\"3244\" data-end=\"3522\">\n<li data-start=\"3244\" data-end=\"3308\">\n<p data-start=\"3246\" data-end=\"3308\"><strong data-start=\"3246\" data-end=\"3257\">Fiscal:<\/strong> proyecciones de ingresos, deuda y gasto p\u00fablico.<\/p>\n<\/li>\n<li data-start=\"3309\" data-end=\"3408\">\n<p data-start=\"3311\" data-end=\"3408\"><strong data-start=\"3311\" data-end=\"3323\">Externo:<\/strong> movimientos en las tasas de inter\u00e9s globales, especialmente de la Reserva Federal.<\/p>\n<\/li>\n<li data-start=\"3409\" data-end=\"3522\">\n<p data-start=\"3411\" data-end=\"3522\"><strong data-start=\"3411\" data-end=\"3438\">Corporativo\/energ\u00e9tico:<\/strong> la capacidad de Pemex para refinanciar deuda y sostener inversiones estrat\u00e9gicas.<\/p>\n<\/li>\n<\/ul>\n<h5 data-start=\"3529\" data-end=\"3560\"><span class=\"ez-toc-section\" id=\"Perspectiva_de_largo_plazo\"><\/span><strong>Perspectiva de largo plazo<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p data-start=\"3562\" data-end=\"4019\">Alejandro Salda\u00f1a subraya que los CDS ya se ubican en niveles cercanos a su promedio hist\u00f3rico, lo que confirma que M\u00e9xico se percibe como un pa\u00eds s\u00f3lido dentro del universo de econom\u00edas emergentes. \u201cAunque la volatilidad puede resurgir, lo m\u00e1s probable es que los CDS se mantengan alrededor de su media hist\u00f3rica, en l\u00ednea con la estabilidad macroecon\u00f3mica y el reconocimiento de M\u00e9xico como socio estrat\u00e9gico de largo plazo para Estados Unidos\u201d, se\u00f1al\u00f3.<\/p>\n<h5 data-start=\"4026\" data-end=\"4084\"><span class=\"ez-toc-section\" id=\"Factores_estructurales_que_condicionan_el_riesgo_pais\"><\/span><strong>Factores estructurales que condicionan el riesgo pa\u00eds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p data-start=\"4086\" data-end=\"4229\">M\u00e1s all\u00e1 de los indicadores coyunturales, existen elementos estructurales que seguir\u00e1n influyendo en la trayectoria del riesgo pa\u00eds mexicano:<\/p>\n<ul data-start=\"4231\" data-end=\"4977\">\n<li data-start=\"4231\" data-end=\"4389\">\n<p data-start=\"4233\" data-end=\"4389\"><strong data-start=\"4233\" data-end=\"4249\">Nearshoring:<\/strong> la relocalizaci\u00f3n de cadenas de suministro hacia M\u00e9xico impulsa la inversi\u00f3n extranjera y fortalece sectores industriales y de servicios.<\/p>\n<\/li>\n<li data-start=\"4390\" data-end=\"4507\">\n<p data-start=\"4392\" data-end=\"4507\"><strong data-start=\"4392\" data-end=\"4413\">Prudencia fiscal:<\/strong> la gesti\u00f3n responsable de las finanzas p\u00fablicas sostiene la confianza en la deuda soberana.<\/p>\n<\/li>\n<li data-start=\"4508\" data-end=\"4646\">\n<p data-start=\"4510\" data-end=\"4646\"><strong data-start=\"4510\" data-end=\"4538\">Volatilidad del mercado:<\/strong> riesgos pol\u00edticos internos y decisiones de pol\u00edtica monetaria externa generan episodios de incertidumbre.<\/p>\n<\/li>\n<li data-start=\"4647\" data-end=\"4822\">\n<p data-start=\"4649\" data-end=\"4822\"><strong data-start=\"4649\" data-end=\"4676\">Desaf\u00edos estructurales:<\/strong> inseguridad, corrupci\u00f3n, escasez de agua, debilidades en el estado de derecho y alta dependencia petrolera limitan el potencial de crecimiento.<\/p>\n<\/li>\n<li data-start=\"4823\" data-end=\"4977\">\n<p data-start=\"4825\" data-end=\"4977\"><strong data-start=\"4825\" data-end=\"4851\">Sensibilidad a EE.UU.:<\/strong> la fuerte integraci\u00f3n econ\u00f3mica expone a M\u00e9xico a los ciclos de expansi\u00f3n y desaceleraci\u00f3n de su principal socio comercial.<\/p>\n<\/li>\n<\/ul>\n<h5 data-start=\"4984\" data-end=\"5013\"><span class=\"ez-toc-section\" id=\"Situacion_actual_en_2025\"><\/span><strong>Situaci\u00f3n actual en 2025<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p data-start=\"5015\" data-end=\"5375\">El riesgo pa\u00eds de M\u00e9xico ha mostrado una clara tendencia a la baja en los \u00faltimos meses, consolidando un entorno de mayor confianza para la inversi\u00f3n extranjera y los flujos de capital. Sin embargo, persisten amenazas latentes como la falta de energ\u00eda, la escasez de agua y la actividad econ\u00f3mica il\u00edcita, que podr\u00edan erosionar parte de los avances logrados.<\/p>\n<p data-start=\"5377\" data-end=\"5644\">A pesar del dinamismo del <strong data-start=\"5403\" data-end=\"5418\">nearshoring<\/strong>, especialistas advierten que para sostener un crecimiento robusto ser\u00e1 fundamental fortalecer el sector energ\u00e9tico, modernizar la miner\u00eda y profundizar la integraci\u00f3n vertical en industrias estrat\u00e9gicas como la electr\u00f3nica.<\/p>\n<p data-start=\"5377\" data-end=\"5644\">Este escenario coloca a M\u00e9xico en una posici\u00f3n privilegiada entre los mercados emergentes, aunque con el reto de transformar su disciplina fiscal y ventajas coyunturales en un modelo sostenible de crecimiento a largo plazo.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_3 fusion-builder-column-1 fusion-one-third fusion-column-last 1_3\"  style='margin-top:10px;margin-bottom:10px;width:33.33%;width:calc(33.33% - ( ( 4% ) * 0.3333 ) );'><div class=\"fusion-column-wrapper\" style=\"border-left:1px solid #bababa;overflow:hidden;border-radius:5% 5px 5px 5px;padding: 5px 5px 5px 5px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;border-radius:5% 5px 5px 5px;\"   data-bg-url=\"\"><div class=\"fusion-text\"><p>En 2025, M\u00e9xico enfrenta riesgos estructurales que amenazan la confianza de los mercados pese al entorno optimista: la escasez de agua y la falta de infraestructura h\u00eddrica, la inseguridad y corrupci\u00f3n que limitan la competitividad, la dependencia energ\u00e9tica con vulnerabilidades en Pemex, la volatilidad pol\u00edtica y comercial vinculada a Estados Unidos, y la expansi\u00f3n de la econom\u00eda il\u00edcita que debilita la percepci\u00f3n de estabilidad.<\/p>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep sep-single sep-solid\" style=\"border-color:#e0dede;border-top-width:1px;margin-left: auto;margin-right: auto;margin-top:;\"><\/div><div class=\"imageframe-align-center\"><span style=\"border:6px solid #f6f6f6;\" class=\"fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pdv-a.com\/wp-content\/uploads\/2025\/09\/riesgo-mexico-25.jpg\" width=\"520\" height=\"406\" alt=\"Oro\" title=\"riesgo m\u00e9xico 25\" class=\"img-responsive wp-image-26375\" srcset=\"https:\/\/pdv-a.com\/wp-content\/uploads\/2025\/09\/riesgo-mexico-25-200x156.jpg 200w, https:\/\/pdv-a.com\/wp-content\/uploads\/2025\/09\/riesgo-mexico-25-400x312.jpg 400w, https:\/\/pdv-a.com\/wp-content\/uploads\/2025\/09\/riesgo-mexico-25.jpg 520w\" sizes=\"auto, (max-width: 800px) 100vw, 520px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div  class=\"fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-builder-column-2 fusion-one-full fusion-column-first fusion-column-last 1_1\"  style='margin-top:0px;margin-bottom:20px;'><div class=\"fusion-column-wrapper\" style=\"padding: 0px 0px 0px 0px;background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\"   data-bg-url=\"\"><div class=\"fusion-text\"><p>References<\/p>\n<p class=\"translation-block\">If you are interested in learning more about Investment Banking services and corporate finance consulting, we can assist you. Contact us at info@avacum.com and we will answer all your questions related to venture capital. If you are an entrepreneur, you might also be interested in learning about other forms and sources of private financing for startups.<\/p>\n<p><strong>Interesting pages.\u00a0<\/strong><a href=\"https:\/\/www.investing.com\/\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/www.investing.com\/<\/strong><\/a>\u00a0<a href=\"https:\/\/www.nyse.com\/index\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/www.nyse.com\/index |\u00a0<\/strong><\/a><a href=\"https:\/\/hbr.org\/\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/hbr.org\/<\/strong><\/a> | <a href=\"https:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"noopener\"><strong>SEC<\/strong><\/a> | <a href=\"https:\/\/hbr.org\/\" target=\"_blank\" rel=\"noopener\"><strong>Harvard Business Review<\/strong><\/a> | <a href=\"https:\/\/www.bloomberg.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Bloomberg.com<\/strong><\/a> | <a href=\"https:\/\/www.business.qld.gov.au\/running-business\/risk\/identify-manage\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/www.business.qld.gov.au\/running-business\/risk\/identify-manage<\/strong><\/a><\/p>\n<p><strong>Finanzas corporativas en l\u00ednea:<\/strong> <a href=\"https:\/\/avacum.com\/\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/avacum.com |<\/strong><\/a><strong>\u00a0Corporate finance advisory <\/strong><a href=\"https:\/\/pdv-a.com\/en\/\"><strong>https:\/\/pdv-a.com<\/strong><\/a><strong>\u00a0Para una mayor informaci\u00f3n: Info@pdv-a.com<\/strong><\/p>\n<p><strong>Sobre cursos de finanzas y contenidos:\u00a0info@akademiun.com | <\/strong><a href=\"https:\/\/akademiun.com\/\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/<\/strong><\/a><a href=\"https:\/\/akademiun.com\/\" target=\"_blank\" rel=\"noopener\"><strong>akademiun.com<\/strong><\/a><\/p>\n<p>Otra informaci\u00f3n relevante:<\/p>\n<ul>\n<li>Informes de consultoras como <a href=\"https:\/\/www.mckinsey.com\/\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a>, <a href=\"https:\/\/www.bain.com\/\" target=\"_blank\" rel=\"noopener\">Bain &amp; Company<\/a>, y <a href=\"https:\/\/www.pwc.com\/mx\/es.html\" target=\"_blank\" rel=\"noopener\">PwC<\/a> sobre tendencias globales en M&amp;A.<\/li>\n<li>Art\u00edculos acad\u00e9micos y estudios de casos publicados en revistas como\u00a0<em>H<\/em><a href=\"https:\/\/hbr.org\/\" target=\"_blank\" rel=\"noopener\"><em>arvard Business Review<\/em><\/a>y\u00a0<a href=\"https:\/\/afajof.org\/journal-of-finance\/\" target=\"_blank\" rel=\"noopener\"><em>Journal of Finance<\/em><\/a>.<\/li>\n<li>Art\u00edculos acad\u00e9micos y estudios: <a href=\"https:\/\/pdv-a.com\/en\/\">PDVa<\/a>,<\/li>\n<li>Banco de inversio\u00f3n en l\u00ednea: <a href=\"https:\/\/avacum.com\/\" target=\"_blank\" rel=\"noopener\">Avacum<\/a><\/li>\n<li>Curso de finanzas en l\u00ednea: <a href=\"https:\/\/vosverum.com\/\" target=\"_blank\" rel=\"noopener\">Vosverum<\/a>.<\/li>\n<li>Base de datos e informaci\u00f3n: <a href=\"http:\/\/www.investing.com\" target=\"_blank\" rel=\"noopener\">Investing<\/a>, <a href=\"https:\/\/www.bloomberg.com\/\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>,\u00a0 <a href=\"https:\/\/web-archive.oecd.org\/espanol\/index.htm\" target=\"_blank\" rel=\"noopener\">OCDE<\/a>, <a href=\"https:\/\/www.imf.org\/en\/Home\" target=\"_blank\" rel=\"noopener\">International Monetary Fund<\/a>,<\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><style type=\"text\/css\">.fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link) , .fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):before, .fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):after {color: #212934;}.fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover, .fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:before, .fusion-fullwidth.fusion-builder-row-2 a:not(.fusion-button):not(.fusion-builder-module-control):not(.fusion-social-network-icon):not(.fb-icon-element):not(.fusion-countdown-link):not(.fusion-rollover-link):not(.fusion-rollover-gallery):not(.fusion-button-bar):not(.add_to_cart_button):not(.show_details_button):not(.product_type_external):not(.fusion-quick-view):not(.fusion-rollover-title-link):not(.fusion-breadcrumb-link):hover:after {color: #ff7700;}.fusion-fullwidth.fusion-builder-row-2 .pagination a.inactive:hover, .fusion-fullwidth.fusion-builder-row-2 .fusion-filters .fusion-filter.fusion-active a {border-color: #ff7700;}.fusion-fullwidth.fusion-builder-row-2 .pagination .current {border-color: #ff7700; 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