New Vallarta, Nay. The commercial policy promoted by the administration of President Donald Trump in the United States has not made a dent in investment forecasts to Mexico. Of the 298 thousand 061 million dollars that the Ministry of Economy has in its portfolio, “no company has retired its investments for tariffs,” said President Claudia Sheinbaum Pardo.
“Faced with the international situation that we have lived in recent months, the Mexican economy and the financial sector have reacted in an extraordinary way (…) I am optimistic. We have achieved a good relationship with the United States government. And not only of respect, but also a very good relationship,” he said during the inauguration of the 88 Banking Convention.
In front of a practically full auditorium that a year ago, she received her as a presidency candidate and not without a certain suspicion in public, but doors inside her dome crowded her president, Sheinbaum Pardo dedicated himself to talking about the projects that surround the Mexico Plan, but did not touch the issue that has been the currency of change in her disagreements with former president Ernesto Zedillo: the bank rescue, which is still profitable for the institution financial.
However, he pointed out that banks are in a solid situation, with solid reserves and historical profits, but access to credit in the country is very low, especially if compared to other international references. The 33 percent access to financing in Mexico, is below 196 percent of Japan, 192 of the United States and 110 percent of Chile, to mention some examples.
-The president acknowledged that although the growth of the Gross Domestic Product (GDP) has been below what was expected – “we would like it to be better” -, the welfare indicators in the country have improved and a decrease in poverty, in inequality, in some indicators of insecurity, while an increase in the standard of living of the population has been recorded.
“The objective is prosperity for all. Today the economy is watering from below,” he emphasized, while highlighting the poverty exit of 9.5 million people from poverty since 2019, according to World Bank data, and that this quarter “is perhaps the first time that the United States economy has a reduction in GDP, while Mexico has an increase.”
Sheinbaum Pardo explained that as part of the objectives of its administration is that the purchasing power of the minimum wage – which has increased 125 percent since the end of 2018 – increases to 1.8 to 2.53 minimum baskets. And in the same sense the president defended the injection of resources involved in social programs to the country’s economy, especially as part of consumption.
At this point, he resumed the slogan of former president Andrés Manuel López Obrador to start the only applause that between spontaneous and undecided interrupted his participation: “The objective is prosperity for all (…) It has been shown that for the good of all, first the poor.”
