Claudia Sheinbaum and Her Economic Plan

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Angélica Simón Ugalde

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Publicado: 1/10/2024 · 4:05 p.m. MX | Actualizado: 1/10/2024 · 4:05 p.m. MX

As part of her speech during the inauguration as President of the Republic, Claudia Sheinbaum Pardo made clear the principles that will guide the economic policy during her administration.

Sheinbaum Pardo stated that she will continue to govern under the principle of republican austerity because she remains committed to the idea that “for prosperity to exist, it must be shared, and there cannot be a wealthy government with a poor population.”

She thus pledged to the Mexican people that she will continue to raise the minimum wage to reach the goal of 2.5 basic baskets, for which her government will work hand in hand with the business sector.

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She also assured that the autonomy of the Bank of Mexico will be maintained, along with a responsible fiscal policy, and that a reasonable ratio between debt and Gross Domestic Product will be sought.

Addressing national and foreign investors, she asked them to rest assured that their investments in the country will be safe, and she affirmed that both public and private investment will continue to be promoted.

She highlighted that thanks to Mexican Humanism, initiated under the government of her predecessor Andrés Manuel López Obrador, many myths linked to the country’s economic development and the fight against poverty were broken.

Seeking the Consolidation of the Entire Continent’s Economy

During the speech she delivered to those who accompanied her at her inauguration as the 66th President in Mexico’s history, she spoke about trade relations with the United States and Canada. She said that the trade agreement with both nations would be leveraged to continue promoting the relocation of companies while fostering regional development with well-being and care for the environment.

As part of her greetings to representatives from 105 countries in attendance, she “especially” thanked Dr. Jill Biden for attending on behalf of the President of the United States, Joe Biden, and also Peter Boehm, a representative of the Senate of Canada, two countries with which Mexico holds one of its key trade agreements, which will be reviewed next year.

She also stated that Mexico will continue to strengthen its economic and cultural ties with the countries of Latin America and the Caribbean and committed to creating the conditions for greater consolidation of the economy across the continent, with a vision of the present and future of the global economy.

The President, now in office, expressed her gratitude to the migrant population and the generosity of the Mexican people.

Angélica Simón Ugalde