Mexico

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Strategically located between the Americas, Europe and Asia, Mexico is one of Latin America’s largest economies, second only to Brazil. Aided by its proximity to the US market, the county has established itself as an important manufacturing and export powerhouse, due in part to extensive oil, gas and mineral reserves; public and private universities; a young population; and a...

Since Donald Trump’s election as US president in November 2016, Mexico’s economy has seen both uncertainty and progress. Just one fortnight after announcing that the US would lift tariffs on Mexican and Canadian steel imports, and publicly encouraging Congress to quickly pass the US-Mexico-Canada Agreement (USMCA), President Trump announced on Twitter that he would place...

Despite a challenging global political environment and subdued domestic GDP growth in 2018, participants in the survey were largely optimistic, with 65% of respondents stating that their company is likely or very likely to make a significant capital investment between mid-2019 and mid-2020. As President Andrés Manuel López Obrador’s administration aims to increase the GDP...

Recent years have seen the number of asylum seekers along the US-Mexico border increasing. A vast majority of people seeking asylum are doing so to escape violence in their home countries, particularly from the Northern Triangle made up of Guatemala, Honduras and El Salvador, but also including small numbers of nationals of African countries, such as Cameroon and Burkina Faso...

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

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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