Mexican President Andrés Manuel López Obrador. Photo: presidencia.gob.mx

XINHUA

Mexican President Andrés Manuel López Obrador (AMLO) announced Friday, Nov. 6, that his administration is about to unveil a second package of infrastructure projects, which includes the participation of the private sector.

The president said that he will meet this week with the president of the Business Coordinating Council (CCE), Carlos Salazar Lomelí, and other business leaders to review the proposal, which will include projects intended to boost the nation’s economy.

“We are about to announce a second package of infrastructure projects that will be carried out with the participation of the national private sector,” López Obrador said during his daily morning press conference.

In October, the Mexican government and the country’s business sector announced an investment plan of nearly $14 billion that would focus on infrastructure and energy projects, aimed at increasing investment in infrastructure to some 25 percent of gross domestic product (GDP).

The Mexican economy, the second-largest in Latin America after Brazil, could register a 9 percent drop in 2020 due to the novel coronavirus pandemic, according to projections made by the International Monetary Fund (IMF).

…Nov. 9, 2020

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