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Mexico announces $14b package to help revive economy

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Mexico

Mexico’s president announced an economic program worth $14 billion Monday to help revive the country’s economy, which has been hit hard by the coronavirus pandemic. During a press conference, Andres Manuel Lopez Obrador revealed an infrastructure investment plan involving 39 joint public-private infrastructure projects, seven of which were already set in motion in December 2019 with the rest to start at the beginning of next year. The seven ongoing projects are worth a total $1.78 billion, all of them involving highways and road development. The remaining 32, representing around $12.1 billion, will encompass projects in communications, energy, water and the environment.—APP

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