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Mexico City (apro) – In an effort to calm financial tensions that have emerged in recent days due to judicial reforms, the virtual president-elect Claudia Sheinbaum Pardo used the statement of the Mexican Bankers Association (ABM) to reiterate for the third consecutive day the “solidity of the Mexican economy”.
Yesterday, the president of the ABM, Julio Carranza Bolívar, trusted the Morensta party for its extensive experience in government and thanked her for her openness to dialogue. Regarding the devaluation of the peso due to concerns about the possible approval of the judicial reform in September, he assured: “We should not be scared by the little volatility that exists in the market.”
Arriving at her transition house this Thursday morning, Morenosta said the bankers’ message “is very good and it expresses what we have been saying, that the economy is solid and that it is temporary,” referring to the volatility in the markets.
Later, at a meeting with his press team, held with only two hours’ notice, Sheinbaum Pardo highlighted Carranza’s statement:
“It is important to continue creating certainty and confidence for investments, as this government has done during these six years. This certainty and confidence that we have allows the bank to continue to grow and support Mexican families and companies.”
The former head of the CDMX government then showed some slides she presented during meetings with various businessmen in the country during the campaign:
“The Mexican economy has remained solid under President Andrés Manuel López Obrador and has remained so so far,” he said, citing several indicators:
- Healthy public finances: Republican austerity saves 2.4 trillion pesos
- Strong labor market: lowest on record among all OECD countries
- The international reserves of the Bank of Mexico are also historic: we are the twelfth economy in the world
- Mexico is the main trading partner of the United States
- Inflation continues to fall
- Internal market boom
- Minimum wage increases, job creation and the elimination of outsourcing
- Continued economic growth
- Foreign direct investment is US$164.971 billion; as of May 31, there were 127 investment announcements, and the total amount of new investment in 2024 reached US$39.157 billion.
Sheinbaum Pardo concluded: “In any case, the change in the exchange rate relative to the dollar was favorable in all six-year periods, as well as relative to other countries… The change in the currency relative to the dollar, that is, the Mexican economy is also healthy, “he is strong and there is nothing to worry about”.
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