Sheinbaum Meets Goldman Sachs COO Waldron on Plan México

Mexican President Claudia Sheinbaum met with Goldman Sachs President and COO John E. Waldron to evaluate international market perceptions and investment opportunities under Plan México. The discussion highlights the administration's strategic efforts to align institutional Wall Street capital with national industrial development priorities ahead of the USMCA review. This executive engagement underscores ongoing foreign investor interest in Mexico's macroeconomic outlook and nearshoring framework despite regional growth headwinds.

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Mexican President Claudia Sheinbaum met with John E. Waldron, President and COO, Goldman Sachs, to discuss international market perceptions of Mexico and corporate investment opportunities under the government's Plan México strategy. The dialogue focused on aligning foreign capital allocation with national economic development priorities under Plan México, an administrative framework designed to raise industrial competitiveness, attract high-value manufacturing investment, and generate employment.

"In the National Palace, I received the president and chief operating officer of Goldman Sachs, John E. Waldron, and his team; we talked about the favorable perception of our country in international markets and the good investment opportunities offered by Plan México," Sheinbaum stated in a social media release following the meeting.

The encounter builds on prior engagements between the administration and Goldman Sachs executive leadership. In August 2024, during her tenure as president-elect, Sheinbaum hosted Waldron alongside John Greenwood and Osmin Rivera, co-heads for Latin America, and Manuel Camacho, head, Investment Banking and Financing Group in Mexico. Following that initial meeting, Sheinbaum reported that firm executives expressed confidence in Mexico's economic trajectory, noting they saw "much future for Mexico."

In a macroeconomic report released in January 2026, economists at Goldman Sachs projected that Mexico's gross domestic product would grow 1.3% in 2026, trailing the 1.9% average growth forecast for Latin America. The institution cited headwinds including policy uncertainty surrounding trade relations with the United States, the upcoming review of the United States-Mexico-Canada Agreement (USMCA), limited fiscal stimulus, and domestic regulatory risks. Goldman Sachs also estimated full-year inflation at 4.3% in 2026, above Mexico's central bank’s 3% monetary policy target.

Goldman Sachs operates a licensed brokerage house in Mexico, providing institutional clients with foreign exchange, financial derivatives, fixed income, equity trading, and investment banking advisory services.

Sheinbaum Meets Dimon, J.P. Morgan Bullish on Long-Term Mexico Growth

The meeting with Waldron represents the second high-level meeting during 2Q26 between Sheinbaum and leaders of prominent US banking institutions. In June 2026, Sheinbaum hosted J.P. Morgan Chase Chairman and CEO Jamie Dimon at the National Palace to discuss Mexico’s macroeconomic performance, bilateral trade dynamics, and strategic investment opportunities across North America.

Following the bilateral meeting, Sheinbaum stated: “We discussed the favorable outlook for Mexico, the strength of our economy, and the importance of the North American trade agenda”. The executive dialogue focused on aligning Wall Street capital allocation strategies with domestic economic priorities and regional trade mechanisms.

Speaking to the Mexican business community one day after meeting with Sheinbaum, Dimon emphasized that Mexico maintains strong long-term economic prospects driven by structural integration with the United States, capital market development, data center expansion, artificial intelligence, and infrastructure investment. Dimon noted that the country's competitive advantages extend beyond short-term economic cycles, emphasizing that close bilateral ties require cooperative execution to finalize pending trade agreements and prioritize long-term growth.

During his address, Dimon expressed confidence in the country's economic potential over the coming decades. “Mexico, over the next 20 years, has a massive opportunity,” Dimon said. “I would be willing to buy an ETF or a Mexican fund, hold it for 10 years, and I guarantee you it will perform well”.

However, the financial executive noted that maximizing these opportunities depends on maintaining legal certainty and strengthening institutional frameworks. “A consistent legal system is critical; the rule of law can be the most important factor in a country’s economic history,” Dimon said, adding that international investors require predictable long-term policies, transparent commercial, fiscal, and regulatory frameworks, and educational systems capable of training a skilled workforce.

Addressing the upcoming USMCA review, Dimon expressed hope for a mutually beneficial negotiation but warned that trade talks risk becoming distracted by secondary disputes. He highlighted trade oversight regarding China as a central topic, cautioning that Mexico must prevent attempts to use its market as a transshipment route to circumvent US tariffs. Dimon characterized nearshoring as an enduring structural trend positioning Mexico as a primary beneficiary of global supply chain reorganization, provided the country maintains an investment-friendly environment.

The banking executive identified energy, infrastructure, and technology as key sectors requiring billions of dollars in capital deployment. Specific growth areas include oil, natural gas, electricity, clean energy, data centers, artificial intelligence, digital infrastructure, investment banking, corporate finance, and payment systems.