Tag Archives: Imco

Covid Pandemic Causes Upper and Middle Classes to Flee

By KELIN DILLON According to new statistics, Mexico’s middle and upper classes were sharply cut in population due to the economic effects of the worldwide covid-19 pandemic, causing many to leave the country for more economically stable locations, while the lower class experienced a simultaneous population boom. The middle class’ proportional population dropped from 42.7 percent of the country’s total

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CFE to Need Higher Budget if Electric Reform Passes

By KELIN DILLON If Mexico’s controversial proposed reform to give carbon-based energy priority to the state-owned Federal Electricity Commission (CFE) reaches passage, the CFE will be required to heighten its budget and subsequently “charge a bill” to the Mexican government or the shift will likely result in blackouts, revealed a study by the Mexican Institute for Competitiveness (IMCO). The reform

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Mexico’s Return to In-Person Classes Is Inevitable, but Challenging

By JESSICA GUERRERO MORELIA, Michoacán — Despite the growing number of new cases of covid-19 in Mexico during the third wave of the pandemic, the return to in-person classes is still uncertain. As of Friday, July 30, at least seven Mexican states had reported critical hospital occupancy levels, above 70 percent, while, in most other states, the number of confirmed

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