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Friday, March 25, 2022 3:06:27 PM
IP investment package will be announced after the electoral ban: CCE
Acapulco, Gro. The announcement of the third infrastructure investment package financed by private initiative will come at least three months after what was promised by the federal government, exhibited Francisco Cervantes Díaz, new president of the Business Coordinating Council (CCE).
Prior to the inauguration of the 85th Banking Convention, the leader of the business leadership was questioned about when the third announcement that President Andrés Manuel López Obrador promised will be made no later than January. "Soon, once the ban is over," Cervantes Díaz summed up.
With a drop in growth expectations for this year, as a result of a new wave of infections due to the coronavirus pandemic and the inflationary advance fueled by the conflict between Russia and Ukraine, the federal government has delayed the announcement of a third infrastructure package to promote economic activity in the short term.
The referendum to revoke the mandate that will be held on April 10 put certain locks on the federal government's announcements, while growth expectations for this year calculated by international organizations and financial institutions are increasingly far from 4.1 percent. .
Avoiding giving an opinion on the monetary policy announcement made by López Obrador, before it was officially made by the Bank of Mexico, Cervantes opted for the inflationary issue, as an effect of the war between Ukraine and Russia, and the risks involved for current economic conditions.
He added that they are in talks with the deputies to launch a financing program for micro and small businesses, but taking care of the effect on prices. "As in Mexico it can affect us a lot, we are taking care of all the edges so that we are the most careful because we can have a negative impact on the inflationary part," he said.
https://www.jornada.com.mx/notas/2022/03/24/economia/paquete-de-inversion-de-ip-sera-anunciado-tras-veda-electoral-cce/
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