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News Article

AMLO Says Govt Finances Are Strong/Criticizes Banxico President

By Sofía Hanna | Mon, 05/24/2021 - 11:13

Government budget. President Andrés Manuel López Obrador assured that the government has suffered no setbacks in collecting resources to complete its envisaged plans. "In general terms, there is solvency, that is, we have healthy and strong public finances ... Regarding priority programs for the welfare of the people, such as pensions for the elderly, it is guaranteed in the budget, not only the current budget but even when support is increased. We have budgeted that support and so on in all the programs." He also mentioned that the Mexican economy is growing and that growth is expected to accelerate.


Foreign investment. The president applauded the record for foreign investment obtained in the first quarter of the year, the recovery in jobs, and that the Mexican currency has not depreciated. "I hope there will be more economic growth, foreign investment. The first quarter of the year was a record in the arrival of foreign investment to the country. Yesterday, it was announced that Mexico ranked 11th in the world for foreign direct investment and now is seventh. It is one of the most attractive countries for foreign investment."


Agreement with the UN. López Obrador said that despite what he termed sabotage from pharmaceutical companies and distributors, there has been a supply of medicines in the country since the beginning of his government because they are being acquired through the United Nations Office for Project Services (UNOPS). "There is already a supply of medicines. We went through very difficult situations because those who controlled the sale of medications, these monopolies linked to politicians, carried out actions of sabotage and a media campaign against these decisions that we made, but (these decisions were) the only way to guarantee there would not be a lack of medicines." He added that the reality at the beginning of his mandate was that there were no medicines for minors suffering from cancer because of what he called the sabotage by distribution companies that wanted to maintain contracts with the government, but that that has already changed.


Public railways. AMLO announced that he plans to make the railroads in the Isthmus and southeast completely public. "We are going to seek an agreement in all cases so that those companies do not feel affected and at the same time strengthen the interest of the nation. For example, we care very much that the Isthmus and southeast railroad become completely public because they are not yet."


Ayotzinapa. After a request to US Vice President Kamala Harris, the Mexican government now has the US file on the Ayotzinapa case. "The human rights commission in charge of investigating Ayotzinapa asked me to make a request to the United States government to obtain a file that the authorities have. I asked the vice president to help us. I want to take this opportunity to thank her because she has already sent me a part (of it)," said the president.


Banxico governor. López Obrador said that he does not think that President of Banco de México (Banxico) Alejandro Díaz de León Carrillo is an honest official, since he allowed the purchase of junk plants by PEMEX in 2015. "He had to sign the agreement, and if he was a good, honest technician, he would have reviewed the purchase or the purchase-sale contract and he would have realized that it was a contract contrary to the public interest and would not have signed." López Obrador has said that Díaz de León will not head the Bank of Mexico for a second term and that the new governor of Banxico will be a person with significant experience in the economic sector, “honest and responsible.”





Click HERE for full transcript in Spanish

The data used in this article was sourced from:  
Gobierno de México
Photo by:   GOBMEX
Sofía Hanna Sofía Hanna Junior Journalist and Industry Analyst