LatinNews Daily - 06 October 2020

* The Mexican government has announced an ‘agreement for economic reactivation’ with the Consejo Coordinador Empresarial (CCE), Mexico’s main business lobby. As part of efforts to spur the post-coronavirus (Covid-19) economic recovery, the agreement contemplates joint private-public investment in public infrastructure projects. The agreement currently plans for a total investment of M$297.34bn (US$13.9bn) into 39 projects in the communications & transport, energy, and water & environment sectors. Under the terms of the agreement, private sector contributions must amount to at least 50% of the project’s cost, with the rest coming from the state. The government says this agreement will allow for the creation of between 185,000 and 190,000 jobs, and help it reach its target of infrastructure investment amounting to 25% of GDP. The CCE’s president, Carlos Salazar, said that this is the first of five stages of investment, with announcements on the next investment projects to follow in coming months: “in time, this will include wind and solar projects, so it’s a matter of waiting for the next investment packages”, he said.

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