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Mexico unveils US$14b investment plan to boost economy | Malay Mail

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MEXICO CITY, Oct 6 — Mexico announced yesterday a US$14 billion (RM58.23 billion) investment plan in cooperation with the private sector to boost the pandemic-stricken economy through infrastructure projects. The initial phase of the 297-billion-peso plan will start with 39 projects in the areas...

Mexico's President Andres Manuel Lopez Obrador during a news conference at the National Palace in Mexico City, Mexico February 18, 2020. — Reuters pic

“We're going to sign an agreement with the private sector that will also mean investment, jobs and well-being,” the left-wing populist told reporters. Carlos Salazar, president of the country's influential Business Coordinating Council, said the plan sends a “message of unity and well-being,” while urging the government to give businesses “clear and stable rules.”

Experts say his strategy will help avert a fiscal crisis, but is likely to result in a less rapid rebound than if the government had spent more to boost the economy.

 

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