Financial Digest

Mexico unveils $14-billion investment plan to boost economy

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

As the Mexican economy reels from the coronavirus pandemic, the government turns to infrastructure projects.

Mexico announced on Monday, October 5, a $14-billion investment plan in cooperation with the private sector toThe initial phase of the 297-billion-peso plan will start with 39 projects in the areas of communications, energy, and the environment, President Andres Manuel Lopez Obrador said.

Almost a third of the investment will be used to rehabilitate facilities of debt-laden state oil giant Pemex. The left-wing populist says his priority is helping ordinary Mexicans with social aid and loans while avoiding saddling the country with increased debt.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That's were our direction is.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Further reopening of businesses to trigger market optimismThe benchmark Philippine Stock Exchange Index (PSEi) could move higher in the near-term on optimism that businesses will continue to reopen and provide a needed boost to the economy.
Source: inquirerdotnet - 🏆 3. / 86 Read more »