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Mexico unveils $14-billion investment plan to boost economy

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As the Mexican economy reels from the coronavirus pandemic, the government turns to infrastructure projects.

Mexico announced on Monday, October 5, a $14-billion investment plan in cooperation with the private sector toThe initial phase of the 297-billion-peso plan will start with 39 projects in the areas of communications, energy, and the environment, President Andres Manuel Lopez Obrador said.

Almost a third of the investment will be used to rehabilitate facilities of debt-laden state oil giant Pemex. The left-wing populist says his priority is helping ordinary Mexicans with social aid and loans while avoiding saddling the country with increased debt.

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