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Weekly Report - 21 February 2019 (WR-19-07)

MEXICO: López Obrador seeks to get business sector on side

After railing against private energy sector firms last week [WR-19-06], this week Mexico’s President Andrés Manuel López Obrador has reached out to the business community by holding a meeting with the Mexican business council (CNM). López Obrador heard the concerns of the business leaders grouped in the CNM and announced the launch of a new initiative, the Consejo para el Fomento a la Inversión, el Empleo y el Crecimiento Económico, under which business leaders, government officials, and civil society groups are to discuss ways in which to promote the country’s economic development. The overture was well received by the business leaders even if some remain critical of López Obrador’s confrontational style and the negative impact this is having on investor confidence.

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