La Jornada: The country appears more stable in the face of global shocks: IDB

Mexico is stable, inflation is going down and exports are going up. In general, the country, like Latin America, is more resilient and more stable in the face of the shocks and crises of recent years, highlighted Ilan Goldfajn, president of the Inter-American Development Bank (IDB).

At a press conference in Mexico City, the manager maintained that Latin America “as a whole is doing well, but the region’s growth has not yet reached where the countries want it to be.” As for Mexico, it seeks to modify this situation with the Infrastructure Plan and the Mexico Plan, projects that the IDB and its private arm, IDB Invest, can finance with 25 billion dollars over six years, he noted.

Last year, the group extended financing for 1,69 million dollars in the country and in 2026 there will be more than 1,300 million, detailed Laura Ripani, representative of the IDB Group in Mexico.

Last week, the organization’s board of directors approved financing for 500 million dollars for a coordination project between the Ministry of Finance and Public Credit, the Mexican Social Security Institute, the Women’s Secretariat and the National System for the Comprehensive Development of the Family, in order to advance the scaffolding of a national care system.

Goldfajn is in Mexico to attend to three central agendas: the Business Meeting, with the presence of 300 executive directors, in order to present the opportunities of Plan Mexico and infrastructure; the investment for the installation of 100 to 120 community centers in the country, some with soccer fields, and the work tables to expand the care policy in the country and accompany the digitalization program of the Bank of Mexico.

“The global context is challenging, but it also generates opportunities. Much more connection is being sought with the countries of Latin America. We have many more trade agreements with Europe, Canada, Switzerland, in general. There are opportunities because it is seen that secure supply chains can be generated in the region,” highlighted the president of the IDB.

Regarding Mexico, he indicated that “direct investment has increased a lot and the latest data is a very strong data. So, I believe that this global context also has its opportunities and it is possible that the region will take advantage of it. In the case of Mexico, we are going to help and support it to take advantage of its opportunities.”

During his visit, the president of the IDB has had meetings with the secretaries of Finance and Public Credit, Édgar Amador Zamora; of Economy, Marcelo Ebrard, and of Foreign Relations, Roberto Velasco.