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News Article

Mexico Has the Best Government: AMLO

By Ricardo Guzman | Tue, 09/01/2020 - 13:11

President Andrés Manuel López Obrador said Mexico has the “best government” facing the current health and economic crises and that the country is moving forward toward recovery faster than other nations. “I don’t want to brag, but at the worst moment we have the best government. We are facing two crises, health and economic, and we are moving forward,” he said during his second State of the Nation address at the National Palace. Here are the most relevant mentions:

 

Savings of MX$560 Billion

López Obrador’s administration reports savings of around MX$560 billion (US$230 million) fighting corruption and following strict austerity guidelines. “According to official calculations (…) by having an austere government we have been able to save around MX$560 billion (US$230 million),” said the president.

 

Responses to Critics

“(Critics) want us to apply the same economic recipes that we are fighting. They want us to be tolerant of corruption. They are asking me to betray my commitments to society,” said López Obrador, before explaining that “morality and austerity” will still drive his actions.

 

Recovery Forecast Moves Forward

Mexico is beginning to grow after the COVID-19 crisis. “As I predicted, the economic crisis caused by the pandemic will be transitory, I said recovery will be like a ‘V’. That we would fall but bounce back fast. Fortunately, this is happening,” he said. The president said the economic impact of the COVID-19 pandemic in Mexico was lesser compared to other countries. “Despite the global disaster, the fall in the economy was 10.4 percent in the first half of 2020. The fall was worse in Italy, France, the UK and Spain.” Furthermore, unlike other nations, Mexico has not contracted more debt, which will help the country in its fast recovery.

 

Good Relationship With Businessmen

The president highlights he has a good and respectful relationship with businessmen and that despite the crisis, most of them did not fired employees. “Before the pandemic we had over 20.5 million workers in IMSS at about 1 million companies. A million jobs were lost but we are already recovering.”

 

Adversaries Are Free to Speak

“Conservatives are angry that there is no more corruption and that they lost privileges.” López Obrador reiterated that since Francisco I. Madero, no president has suffered as many attacks as him. However, he stressed that everyone is free to speak since “political persecution is in the past.”

 

Other mentions

Ending mining ‘devastation’. The past five administrations granted 118 million ha for mining exploitation. “That devastation has already ended.”

Reports on crime. López Obrador acknowledged an increase in homicide and extortion of 7 and 12 percent, respectively. However, he noted that in 2019, all other crimes have decreased.

Persecuting former presidents. Investigations on former presidents move forward. The president, says authorities can act freely but he would vote against this. “As I have said, I would vote not to process them.”

Fighting corruption. López Obrador stressed that its government is still pushing to eradicate corruption and says there is no personal persecution against anyone. However, no one will be ever protected by his administration.

 

Figures and Data

- The peso appreciated to less than MX$22 per dollar after breaking the MX$25 barrier.

- The Mexican crude basket went from zero to US$40 per barrel.

- Consumption of basic products increased 9.5 percent in real terms, compared to last year.

- Tax collection remained at practically the same levels as in 2019.

- FDI in the first half of 2020 reached US$17.9 billion, similar to 2019.

- In August, over 93,000 new jobs were created.

 

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Click HERE for full transcript in Spanish

Ricardo Guzman Ricardo Guzman Editor