There is evidence of a regime change in the economic sphere. After three years of government, the limits and separation between the interests of some government officials and corporations are very clear and reveal that the practices of the past are in extinction.
A few days ago, the newly appointed Secretary of the Treasury, Rogelio Ramírez de la O, emphasized just at that point: “Mexico is going through a structural change that, I am afraid, has not been well narrated on our part, and perhaps in the world not well enough perceived, “he said in a forum organized by the rating agency Moody’s.
The break with the tacit agreements of previous regimes, in which the government supported the debts and gave financial support to stabilize large consortiums, is one of the keys to the new model, which first cleans up finances and then generates resources for the medium and long term.
Follow us on Google News to keep you always informed
There are indicators that are at their historical maximum, some of them were mentioned by President Andrés Manuel López Obrador, in his report, as records: foreign investment, increase in minimum wage, Stock Market Index, reserves in Banxico, null increase in debt, no devaluation of the peso, and a record high in remittances.
With a left-wing government that has social spending as its foundation, businessmen have found opportunities to take care of investment within the country and confirm that the bad omens of devaluation or expropriations are not on the horizon.
In financial aspects, the government has been neat to make the necessary adjustments in the pandemic. Still viewed with skepticism, the republican austerity, collection via the SAT, outsourcing regulation and strategic projects with the private sector, among other actions, articulate economic macroindicators and citizens’ social welfare needs.
Follow the information about business and current affairs in Forbes Mexico
In short, there is economic viability for the country and the investment. Foreign capital has also seen the option of entrepreneurship in the Mexican market. The market is there and can be occupied by those who see the opportunity.
Examples of feasibility are found in the regions of the country. In Mexico City, the Head of Government, Claudia Sheinbaum, faced with the dilemma of budget reduction, did not cancel public works and increased social programs, and businessmen maintain their projects.
Understanding the dynamics of the new regime, which in December celebrates its first half, also lies in this section of participation of private and public capital.
Subscribe to Forbes Mexico
Contact:
Salvador Guerrero Chiprés is President of the Citizen Council for Security and Justice of Mexico City.
TW: @guerrerochipres
www.consejociudadanomx.org
Twitter: @theconsejomx
The opinions expressed are solely the responsibility of their authors and are completely independent of the position and editorial line of Forbes Mexico.