Claudia Sheinbaum, Mexico’s president-elect, recently met with over 500 business leaders to outline her plans for the upcoming term and address concerns about the proposed judicial reform.
During the discussion, Francisco Cervantes, head of the Business Coordinating Council (CCE), acknowledged the flaws in Mexico’s justice system and emphasized the importance of legal certainty for workers, entrepreneurs, and young people.
Sheinbaum assured that the judicial reform would not lead to authoritarianism or increased concentration of power. Instead, she aims to enhance the autonomy of the judiciary. She also discussed her commitment to fiscal responsibility, emphasizing improved revenue collection through customs and digitalization. Additionally, Sheinbaum outlined her strategy to address security issues and combat extortion.
Claudia Sheinbaum emphasized that during her term, a balance between debt and GDP will be maintained. “We will not increase debt; we will maintain macroeconomic indicators and continue with sound public finances. We are creating a very responsible budget, aiming for a maximum deficit of 3.5% of GDP by 2025. This year, it will close at over 5%, primarily due to the completion of strategic projects initiated by President Andrés Manuel López Obrador. We will reduce the deficit, allowing us to plan strategic projects starting in 2026. There will be no fuel price increases, and electricity prices will remain stable,” she promised.
The meeting with the CCE (Business Coordinating Council) also served as an introduction to the industrial sector. Business leaders expressed the potential to invest up to $40 billion in the country. Notably, companies like Femsa, Transcanada, and Grupo México have significant investment projections.
Among the attendees were the U.S. Ambassador to Mexico, Ken Salazar; Rolando Vega, President of the Mexican Business Council; Alejandro Malagón, leader of the Confederation of Industrial Chambers (Concamin); Máximo Vedoya, President of the Industry Transformation Chamber (Caintra) in Nuevo León; and Eduardo Osuna from the Association of Banks of Mexico, among other private sector representatives.
Source: El Pais
