MEXICO CITY - Mexico’s finance ministry on Monday announced a second package of 29 infrastructure investments assembled between the government and the private sector worth some 228 billion pesos , aimed at lifting the nation’s ailing economy.
The package follows an initial 297-billion-peso raft of investments set out last month, and heralds a further thawing in often frosty relations between Mexican President Andres Manuel Lopez Obrador and business groups.Finance Minister Arturo Hererra said that U.S. company Sempra Energy’s $2 billion liquefied natural gas export plant, near the northwestern port of Ensenada, was among the projects included. The proposed plant is one of the biggest privately funded energy projects in Mexico.
The investments are seen as positive for economic activity and the creation of much-needed jobs at a time when Mexico’s economy is forecast to shrink between 8.7% and 9.3% in 2020 due to the fallout of the coronavirus pandemic, its deepest annual contraction since the Great Depression. “I estimate that for the next quarter, the first three months of next year, we will return to the situation we were in before the pandemic. That is my forecast that we will be able to recover and we will begin to have greater economic growth,” Lopez Obrador said.
or the monthly income of one satellite cartel house
They’ll need a wall to keep Americans out.
paulogala
Protecting local culture and economy should be key to any immigration policy changes NOT promise of cheap labor. States and DC must work out a formula