BlackRock sees “appetite” to invest, but not in rehashes

Cancún, QR., There is an “incredible” appetite to invest in Mexico, which can mean an opportunity of several decades for the country. However, “new things, not rehashes,” are needed to develop projects from scratch, said Sergio Mendez, general director of BlackRock Mexico, after the undersecretary of Finance and Public Credit, María del Carmen Bonilla, responded to some of the tools that will be used to develop part of the infrastructure program of the current administration.

“Speaking of greenfield, because it is a central issue, what is needed there are new things, not rehashes (…) I think that there, precisely, one of the most important instruments is the generation of platforms,” advanced the representative of the largest asset manager in the world.

The projects greenfield refer to completely new infrastructure, while the investment brownfield It is aimed at projects that need modernization or expansion.

In front of the bankers, Bonilla declared that there are a series of options regarding mixed projects with private initiative. “They are not new, they are going to be added to the toolbox that we have,” he added, and noted: “where we are channeling all our energy is in developing the part of the greenfields”.

Mendez highlighted that technological change, the demand for technological resources and geopolitical fragmentation have become a certainty and that is where Mexico can take advantage of a series of privileges that it has: its position in the international geopolitical situation, the average age of its population, as well as its industrial capacity.

“The appetite there is for Mexico abroad is incredible” and the opportunities to do so “are there,” he stressed. “It is not an opportunity of a decade, it is an opportunity of many decades that Mexico faces,” he emphasized throughout his participation in the 89th Banking Convention.

Ernesto González, general director of Macquarie Asset Management, agreed that the international geopolitical situation leaves Mexico in a “privileged situation” to deploy “a lot of capital towards certain projects.” Initially, he commented on the energy sector.