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Source: Socialist Republic of Vietnam

The president said that he will meet next week with the president of the Business Coordinating Council (CCE), Carlos Salazar, and other business leaders to review the proposal, which will include ideas meant to boost the nation’s economy.

“We are about to announce a second package of infrastructure projects that will be carried out with the participation of the national private sector,” Lopez Obrador said at a press conference.

In October, the Mexican government and the country’s business sector announced an investment plan of nearly US$14 billion that would focus on infrastructure and energy projects, which aims to eventually boost investment in infrastructure to some 25 percent of gross domestic product (GDP).

The Mexican economy, the second largest in Latin America after Brazil, could register a 9 percent drop in 2020 due to the novel coronavirus pandemic, according to projections made by the International Monetary Fund (IMF).

As of Friday, the country has recorded a total of 955,128 cases and 94,323 deaths, with the number of its confirmed cases ranking fourth in Latin America after Brazil, Argentina and Colombia.

MIL OSI Asia Pacific News