The Meeting Between Carlos Slim Helú and President Claudia Sheinbaum
The businessman Carlos Slim Helú recently met with President Claudia Sheinbaum Pardo at the Palacio Nacional, underscoring the importance of investor engagement in the ongoing development of the Mexico Plan. The primary agenda of the meeting centered on discussing significant investments that are crucial for Mexico’s economic landscape.
Joining them was businesswoman Altagracia Gómez Sierra, who also functions as the coordinator of the Regional Economic Development Advisory Council. This meeting was attended by numerous private sector leaders, including Francisco Cervantes, president of the Business Coordinating Council (CCE).
Cervantes took the opportunity to inform the press regarding the discussions held between the head of the Executive and the prominent Mexican businessman: “We are going to make a meeting to talk about the Mexico Plan,” he stated. This initiative aims to further streamline investments and accelerate economic growth.
Progress and Future Steps in the Mexico Plan
Regarding the advancements surrounding the implementation of the Mexico Plan that was announced by the president several months ago, Cervantes remarked that there have indeed been strides made. However, he emphasized the urgency to work more efficiently and effectively.
President Sheinbaum expressed confidence that the Mexico Plan is poised to strengthen the Mexican economy and effectively address challenges posed by business policies from the United States. The urgency to create a robust framework is critical for sustainable growth.
Investment Plans from Financial Institutions
In a significant move, Multiva announced an intention to invest over $8.9 billion in infrastructure projects across Mexico within the next three years. This investment aligns with the objectives of the Mexico Plan, targeting key sectors such as energy, mobility, water, and real estate.
Moreover, Multiva intends to allocate more than $36 million from 2025 to 2027 to enhance its technological capabilities and establish a refreshed corporate identity aimed at elevating customer experiences. This is a pivotal element for fostering customer loyalty and gaining competitive advantage.
According to Tamara Caballero, the general director of Banco Multiva, the financial institution is committed to a business model rooted in deep insights into significant sectors that drive the Mexican economy. “With almost two decades of experience, we are proud to be a bank with Mexican roots. This foundation equips us to thoroughly understand our clients and develop an integral offering that meets their financial needs,” Caballero stated.
The recent update in Fitch Ratings, which shifted Multiva’s perspective from “stable” to “positive,” underscores the effectiveness of their specialized business model and its growing profitability. This recognition has been reflected in a double-digit growth in loans, deposits, and operational income over the past year.
The collective efforts of the private sector and government show a strong commitment to reinvigorating Mexico’s economy. With significant investments and a well-coordinated plan, there is optimistic anticipation for future growth and stability in the Mexican economic landscape.