Mexico Industry

Chapter | Energy & Utilities from The Report: Mexico 2019

Mexico’s energy and utilities sector has benefitted from increased openness and competition brought about by the 2013 energy reform. Although recent...

In 2018 Mexico’s economy ranked second in Latin America and 15th in the world in terms of GDP, which totalled $1.22trn, according to the World Bank. In 2019 the newly elected President Andrés Manuel López Obrador has pushed ahead with efforts to meet his pledge to tackle corruption and implement austerity measures within the government, to reduce costs and curb excessive expenditures.

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Mexico is set to see a series of new investments in gold and silver mining projects in 2021, which are expected to be key drivers of economic recovery from the coronavirus pandemic.

While Mexico’s economy is being badly hit by Covid-19, the US-Mexico-Canada Agreement (USMCA) – and, in particular, new intellectual property (IP) laws – could potentially boost the long-term prospects of its industrial and pharmaceutical sectors.

To what extent is Mexico’s industrial sector well positioned to withstand the global economic challenges that have resulted from the Covid-19 pandemic?

How do you assess the scope for renewable energy in Mexico, and what role can development banks play in developing this segment?

Reform has led to new opportunities in Mexico’s energy sector, especially in terms of renewable power generation. The country has launched three auctions for solar and wind projects in recent years, with the first held in early 2016. However, President Andrés Manuel López Obrador – known by his acronym AMLO and who came to office in December 2018 – is not expected to support...

Since the nationalisation of the oil industry and the establishment of state-run Petróleos Mexicanos (Pemex) in 1938, hydrocarbons production has been a significant driver of growth, and the energy and utilities sector remains a key cornerstone of Mexico’s economy. The sector has evolved rapidly in recent years after a comprehensive energy reform was introduced in December...

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