Tag Archives: infrastructure

August brings scandal to distract from COVID woes

After five months of restrictions on mobility and economic activity, in addition to measures to inhibit contagion, Mexico remains in the grip of the COVID-19 pandemic.  Some signs of optimism are emerging nonetheless.  Among Mexico’s 32 states, 10 have now been classified as yellow under the national traffic-light system governing the severity of restrictions, with yellow being the least strict before returning to green, or no restrictions.  The other 22 states, including Mexico City, remain at orange, which imposes significant barriers to full economic activity.  The national rate of new cases per day has declined slightly over the second half of August.  The impact on employment and industry, however continues to be severe with Mexico on track to register its steepest drop in GDP growth in decades. Continue reading August brings scandal to distract from COVID woes

AMLO in OMG infrastructure reveal

On November 26, 2019, Mexican President Andrés Manuel López Obrador (AMLO) gathered dozens of business leaders at the National Palace to announce a National Infrastructure Investment Agreement (ANII) comprising approximately US$42 billion of private sector investment in the country’s infrastructure.  We’re pleased, of course, because we really need it, but there is a lot of background and context to the splashy announcement so here goes.  Continue reading AMLO in OMG infrastructure reveal

Mexico launches Special Economic Zones

Throughout the fourth quarter of 2017, pundits and business media in general in Mexico have focused mainly on the jarring ups and downs of NAFTA renegotiations between the United States, Mexico and Canada.  As the year winds down, this topic has lately been eclipsed by the passage of tax reform legislation in the U.S., and at least on this side of the border, how it might affect the Mexican economy going forward.  These high profile issues have served to overshadow an economic development initiative in Mexico that otherwise might have captured more attention: The declaration of Zonas Económicas Especiales (ZEE), or Special Economic Zones, aimed at stimulating investment in six southern states.  Continue reading Mexico launches Special Economic Zones