The government will protect its finances against the risk of natural catastrophes

Given the meteorological catastrophes that have occurred in recent years in Mexico, the government of President Claudia Sheinbaum Pardo will analyze various schemes and strategies in order to reduce their impact on public finances.

This will include the contracting of damage insurance due to natural phenomena and catastrophe insurance, which will be optimized in order to improve its coverage and efficiency; Thus, during fiscal year 2025, public finances will continue to be supported by a comprehensive strategy.

The catastrophe bond will continue with financial protection against earthquakes and hurricanes until April 2028, indicate the General Criteria for Economic Policy 2025.

Various schemes and strategies will be analyzed to strengthen transparency and risk coverage and reduce the impact of catastrophic events on public finances.specified the federal government.

Likewise, it will update its heritage asset exposure base by 2025 and the analysis and modeling instruments for catastrophic risks will be improved, which will contribute to strengthening comprehensive management in the event of disasters.

In collaboration with international financial organizations, foreign governments and actors in the local and foreign insurance sector, studies, projects and public policies will be developed to improve the efficiency of national risk analysis instruments, advice will be provided to government departments and entities. federal public in the design of its insurance and risk transfer strategies. Finally, technical support will be provided for the consolidation of insurance coordinated by the Ministry of Finance.