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LatinNews Regional Monitor: Mexico - 06 September 2019

In brief: Femsa plans to invest M$61.88bn in Mexico

* In an internal document, to which local dailies El Universal and El Financiero had access, José Antonio Fernández Carbajal, the president of conglomerate Fomento Económico Mexicano (Femsa), announced that he had met with President Andrés Manuel López Obrador on 5 September to outline investment plans totalling M$61.88bn (US$3.15m) for Mexico. Fernández predicts the investment, scheduled between 2019-2021, will directly generate 41,000 jobs. During his meeting with President López Obrador, Fernández reportedly expressed his perspective on “the relevant role of free enterprise for the development of Mexico and the importance of generating [business] confidence and certainty”.

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