Home National AMLO’s first year laid the foundation for investment certainty says Carlos Slim

AMLO’s first year laid the foundation for investment certainty says Carlos Slim

Carlos Slim, president of Grupo Carso, stressed that the AMLO government has maintained fiscal discipline, lowered inflation and tried to increase the minimum wage.

The zero economic growth of the first nine months of 2019 in Mexico does not surprise businessman Carlos Slim, in fact, it was something that was planned; instead, what really matters, he said, is that the foundations were laid to build trust for investments.

“It was a year of a new government that enters, new projects that are presented, new situations and the transcendent thing was not if we grew 0.5 or 0.8%, but that the foundations were laid for what is raised today thanks to the work of the Business Coordinating Council (CCE) and the private sector together with the government, ”said Slim, at the conclusion of the presentation of the National Infrastructure Investment Agreement.

The president of Grupo Carso said that the government of Andrés Manuel López Obrador has maintained fiscal discipline, avoided increasing the cost of public debt, decreased inflation and has tried to increase the minimum wage in real terms, which formed the basis for generating certainty to invest in the country and thereby detonate the Mexican economy.

Regarding the infrastructure agreement, in which Carso Group will lead various projects focused on telecommunications, the richest man in Mexico said that it is the impulse to generate more employment, income, and development.

“Inflation fell from 4.8 to 3.0%, this government has already shown that its strategy is to maintain healthy public finances throughout the six-year period with low inflation rates that benefit those who have less, which helps finance all these works. The most important thing is that the year is concluded with this great agreement of the business sector with the federal government so that there are large investments, start the investments, ”said Slim.

The National Infrastructure Investment Agreement includes, in a first stage, the investment of 859,000 million pesos (MDP) in 147 projects that will be implemented over the next three years.

This is the first investment package that will boost the private sector with the support of the federal government, said Carlos Salazar Lomelín, president of the Business Coordinating Council (CCE), when presenting the plan at the morning conference in the National Palace.

At the end of the presentation of the plan, Slim met Graciela Márquez Colín, secretary of Economy and other businessmen in the halls of the National Palace and remained talking for about 15 minutes.

Source: forbes mx

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