Mexican mogul: Leaders must help small businesses

SAN ANTONIO (AP) -- One of the world's richest men says policymakers must not neglect small and medium-sized businesses in the current financial crisis.

Carlos Slim, listed by Forbes as the world's second-richest man, says policymakers should consider partnering with regional banks to lend money to smaller businesses.

He says credit markets must begin to flow again, and smaller banks tend to have more contact with smaller businesses.

The Mexican business mogul says he believes many of the right things are being done by policymakers, but the financial crisis will take time to solve.

Slim is visiting San Antonio, where a portion of his vast art collection is on display at a museum.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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