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Weekly Report - 15 August 2019 (WR-19-32)
MEXICO: Still sending mixed signals
Mexico’s President Andrés Manuel López Obrador has announced that his government will not award any more mining concessions until the end of its term in 2024. The move is the latest sign that despite its pledges to promote investment in support of a faltering domestic economy [WR-19-32], the López Obrador administration is not interested in attracting private investment to all sectors of the economy. Meanwhile, there is ample evidence that the government remains committed to advancing López Obrador’s proposed infrastructure projects even if the economic value of these has been questioned. Analysts have warned that these inconsistent economic policies will continue to affect investor confidence in Mexico, weighing down the country’s economic prospects.
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