The Regional Economic Development and Relocation Advisory Council was presented

The CADERR has the main task of promoting and implementing the National Relocation Strategy

  • It is made up of 15 businessmen and women from different sectors: energy; tourism; infrastructure; electromobility and automotive; chemical; financial; construction; medical devices and pharmaceutical; commerce; education; electronics; logistics; agroindustry; information technology; textile; and mining.

Source: Presidency of the Republic

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HR Ratings ratifies Mexico’s credit rating at BBB+

  • The rating agency highlighted the Mexican Government’s commitment to reducing the fiscal deficit for next year, as presented in the 2025 Economic Package. The change in outlook responds to lower growth expectations and the challenges associated with fiscal consolidation.
  • Mexico maintains its investment grade with the eight rating agencies that evaluate its debt. During 2024, all of them have ratified the rating of Mexican sovereign debt, reflecting confidence in the country’s macroeconomic stability.

Source: SHCP

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National Water Plan is presented

  • It conceives water as a right and a national asset
  • It contemplates the organization of concessions; irrigation technology; 16 infrastructure and sanitation projects for the Lerma-Santiago, Atoyac and Tula rivers
  • The Government of Mexico plans an investment of 20 thousand million pesos for water projects in 2025: Conagua
  • It is an indispensable instrument for the sustainable management of water: Semarnat
  • With irrigation technology, field productivity increases by 51%: Agriculture

Source: Presidency of the Republic

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SHCP delivers the 2025 Economic Package to the H. Congress of the Union

  • Solid framework to promote economic development with social justice and well-being.
  • Projected economic growth for Mexico of 2 to 3% in 2025.
  • Responsible and prudent management of public finances.
  • Reduction of the budget deficit from 5% of GDP in 2024 to 3.2% in 2025.
  • Public debt at a sustainable level of 51.4% of GDP.
  • Sufficient resources for social programs that benefit the lower-income population.
  • Development financing will be strengthened with tax measures based on digitization and administrative simplification.

Source: SHCP

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New Pemex tax regime

President Claudia Sheinbaum announces new tax regime for Pemex called Derecho Petrolero para el Bienestar (Oil Right for Wellbeing).
The new Derecho Petrolero para el Bienestar will be 30 percent and for non-associated gas 11.63 percent.

  • A Republican Austerity Plan will be implemented to achieve savings of 50 billion pesos.
  • The priority is domestic consumption and the price of energy will not increase in real terms over the next six years.
  • Mexican Petroleum (PEMEX) will be strengthened as a strategic state-owned company.

Source: Presidency of the Republic

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Pemex presents strategic lines for the period 2024-2030

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THE NATIONAL STRATEGY FOR THE ELECTRICAL SECTOR WAS PRESENTED

During Mexico’s morning press conference, President Claudia Sheinbaum Pardo presented the “National Strategy for the Electric Sector,” based on four guiding principles aimed at strengthening national electric sector planning, promoting energy justice, ensuring a robust, reliable, and secure electrical system, and establishing clear rules to increase private investment.

Source: Federal Electricity Commission (CFE)

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President Claudia Sheinbaum meets with Larry Fink, founder of BlackRock

They discussed the strength of the Mexican economy and the importance of the trade agreement between Mexico, the United States and Canada (USMCA).

Source: Presidency of the Republic

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Installation of the Infrastructure Commission of the Chamber of Deputies.

Installation of the Infrastructure Commission of the Chamber of Deputies.

SICT assures coordinated work with legislators on priority infrastructure projects.
– The head of the SICT attended the installation of the Infrastructure Commission of the Chamber of Deputies.
– “We will keep communication channels permanently open,” he told legislators.
– He enunciated some projects of what is sought to be carried out during this six-year term.

Source: SICT

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Decree: CFE and Pemex return to being public companies of the State

President Claudia Sheinbaum signs decree that returns CFE and Pemex to the people of Mexico as public companies of the State.

This reform is a strategic axis for national development, she pointed out.

The Constitutional President of the United Mexican States, Claudia Sheinbaum Pardo signed the decree through which the Federal Electricity Commission (CFE) and Petróleos Mexicanos (Pemex) return to be companies of the people of Mexico, this after the recent approval of the energy reform by the Chamber of Deputies, the Senate and the majority of local congresses.

Source: Presidency of the Republic

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Progress in road infrastructure projects

Significant progress in road and transport infrastructure works:

  • Hidalgo: Pachuca-Huejutla highway, Cerro Colorado-Zacualtipán section
  • Hidalgo: Real Del Monte-Huasca junction section
  • Chiapas: Rizo de Oro bridge
  • Chiapas: Tuxtla Gutiérrez-San Cristóbal de las Casas highway
  • Quintana Roo: Nichupté vehicular bridge
  • Durango/Sinaloa: San Ignacio-Tayoltita highway
  • Oaxaca: Mitla-Tehuantepec highway
  • Jalisco: Tepic-Puerto Vallarta highway, Las Varas-Puerto Vallarta section
  • Nayarit: Tepic-Puerto Vallarta highway, Tepic-Compostela section
  • CDMX: Santiago Acahualtepec-Santa Martha trolleybus

Source: Presidency of the Republic

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