"Mexican President Claudia Sheinbaum is accelerating efforts to forge a grand national agreement with the business sector to revive an economy showing clear signs of weakness. Despite a cool head approach to the United States and the Mexico Plan, the country's gross domestic product (GDP) fell by 0.3% due to a decline in industrial activity and decreases in consumption, as well as in public and private investment."
"In line with this plan, Sheinbaum met this Monday at the National Palace with the country's wealthiest man, Mexican tycoon Carlos Slim. For more than two hours, the president and the owner of the telecom America Movil discussed, behind closed doors, the main obstacles to stimulating investment in the country. Following the meeting, which was also attended by the president of the Business Coordinating Council (CCE), Francisco Cervantes, Sheinbaum briefly reported on her social media that the meeting addressed the good forecasts for the economy in 2025 and 2026."
"Slim, whose fortune exceeds $115 billion, has visited President Sheinbaum at the National Palace at least three times since she took office. In these previous meetings, they discussed the future of trade between Mexico and the United States, the USMCA, and investment opportunities. After speaking with the Mexican magnate, Sheinbaum met with two banking leaders, HSBC CEO Michael Roberts and HSBC Mexico CEO Jorge Arce."
Claudia Sheinbaum is seeking a grand national agreement with the business sector to revive an economy showing weakness, with GDP falling 0.3% amid declines in industry, consumption, and investment. Sheinbaum aims to create an infrastructure investment law to finance socially oriented yet profitable projects and seeks an emergency plan with private firms to reactivate joint ventures in infrastructure, housing construction, and connectivity. She met with tycoon Carlos Slim for more than two hours to discuss obstacles to stimulating investment and later held talks with HSBC leaders about significant investment opportunities. The strategy emphasizes public-private collaboration to boost growth in 2025–2026.
#infrastructure-investment-law #public-private-partnership #mexican-economy #carlos-slim #economic-stimulus
Read at english.elpais.com
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