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Mexico's Economic Policy Under President Fox: Boosting Competitiveness and Business Development

Strategic Insights

— 1 min read

President Vicente Fox reaffirmed his government's commitment to maintaining a responsible economic policy in Mexico, aiming to boost competitiveness and business development in the country. This policy has led to increased confidence in Mexican economic stability, reflected in low country-risk levels assigned by international risk-rating agencies. According to Fox, private investment has seen an important change of trend, with FDI increasing by 4.4% during the first half of 2004, and growth reaching 9.5% in June. Notable investments were announced by Danone and Jones Lang LaSalle, with plans to invest in Mexico's industrial sector.

Key Takeaways:

  • President Fox emphasized the importance of maintaining a responsible economic policy in Mexico, aiming to boost competitiveness and business development.
  • The country-risk levels assigned by international risk-rating agencies have decreased, reflecting increased confidence in Mexican economic stability.
  • Private investment has seen a significant increase, with FDI growing by 4.4% during the first half of 2004 and 9.5% in June.
  • The Mexican government has reported a high level of public investments in 2003, marking the highest level in the last 20 years.
  • Plans were announced for significant investments in Mexico's industrial sector, including Danone's investment plan for 2005 and Jones Lang LaSalle's three-year investment plan of US$50 million.
  • The confidence in Mexican economic stability has been reflected in the low country-risk levels assigned by international risk-rating agencies.

Statistics:

  • FDI increased by 4.4% during the first half of 2004 (Source: President Fox).
  • Growth in private investment reached 9.5% in June (Source: President Fox).
  • Public investments in 2003 registered the highest level in the last 20 years (Source: President Fox).
  • Jones Lang LaSalle announced a three-year investment plan of US$50 million (Source: President Fox).
  • Danone presented its investment plan for 2005 (Source: President Fox).

Sources:

  • Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX
  • President Vicente Fox
  • Internet Securities, Inc.
  • COMTEX (http://www.comtexnews.com)

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