Mexico represents a landmark example of how emerging nations can quickly upend their standing on the world stage and, with the right reforms in place, emerge as something truly impressive. In Mexico, urbanisation has taken hold more rapidly than almost any other OECD country, and by the year 2010 almost 78 percent of the population would go by the tag ‘city dweller’ (see Fig. 1). Owing to a half-century-long drive to fulfil the country’s formal housing needs, an unrelenting focus on social housing has brought with it a host of challenges, and Mexico must now adapt to a more sustainable model or risk facing struggles further along the line.
Under the leadership of its CEO, Alejandro Murat Hinojosa, Infonavit has transformed Mexico’s housing market and set the population on a pathway to sustainable prosperity. World Finance spoke to Murat Hinojosa about the many ways in which the housing landscape has changed, and how it is that his and Infonavit’s contributions have created a host of new and exciting opportunities. “Infonavit is changing the course of housing history in Mexico through financial innovation”, says Murat Hinojosa. “We transitioned from a quantity-oriented, numbers-based mortgage model to one focused on improving the quality of life of the workers and their families, not only providing mortgage loans, but also protecting and ensuring efficient returns to their savings.”
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