Mexico's stimulus package to have 'immediate impact': finance minister

MEXICO CITY - A $25 billion stimulus package unveiled by Mexico on Monday should have an immediate impact, Finance Minister Arturo Herrera said, as Latin America’s second-largest economy teeters on the brink of a recession.

The package comes just days before Mexico’s national statistics agency publishes second-quarter growth figures and amid an discussion over whether the economy has slipped into recession. “We have decided on actions that would mobilize 485 billion pesos that would allow us to boost the creation of infrastructure projects, incentivize infrastructure investment and private consumption,” Herrera said.

The Mexican Finance Ministry said in a statement that the package would include public-private infrastructure projects including roads and urban development, while a development bank would provide loans for small- and medium-sized businesses.

Mexico paying for the wall.

Paying for the Wall?

I thought Mexico would pay for the wall

25 Billion I was hoping that Trump attacked them enough he wore them down & they are gonna pay for the GOP Great Wall O Waste.

If Mexico would clean up its crime they would have billions from businesses investments. Without stopping the crime noamount of money will stimulate their economy

He has the wrong finger pointing upward if it is intended for Trump.

Wait, why would they invest in themselves and NOT pay for the wall? I’m so confused.

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Source: WSJ - 🏆 98. / 63 Read more »