Sheinbaum to BBVA: Mexico, in a very good economic moment

Mexico City. Claudia Sheinbaum Pardo, candidate of the Let’s Keep Making History coalition (Morena, PVEM and PT) for the Presidency of the Republic, considered that in electoral matters only the process of June 2 is missing. This after at the 2024 National Meeting of Regional Directors of BBVA Mexico, the moderator asked him if Has the rice already been cooked in electoral matters?

Sheinbaum Pardo stressed that the June 2 process is only a procedure, while addressing the regional advisors of the bank with the greatest presence in the country to emphasize: “we are going to do very well (…) we are in a moment very good for Mexico. There will be things on which we do not agree,” but the objective is to put forward the development of the country’s regional vocations.

In the meeting with the regional advisors of BBVA, Sheinbaum Pardo recovered the economic project that he presented three weeks ago at the 87th Banking Convention, in which he proposes 12 additional regional development poles to the 10 promoted by this administration; the installation of 100 industrial parks to attract the relocation of companies, and the construction of housing as the main buffer to the cut in spending that is planned for next year.

To avoid a slowdown in the economy and provide jobs, we will seek to detonate the capabilities of the Institute of the National Housing Fund for Workers (Infonavit) with the construction of one million homes throughout the six-year term. in which major infrastructure works are unleashedhe commented.

The doctor in environmental engineering declared that there is no dilemma between the energy transition and support for Petróleos Mexicanos.

Pemex not only has to look at its own profitability, but as a part of the State’s development plans. In addition to the hydrocarbon sector, petrochemicals can also be involved in the exploitation of lithium and renewable energy sources, he commented.

Also in energy matters, Sheinbaum emphasized that the objective is 54 percent to be provided by the Mexican State and that the remaining 46 percent the investment rules are very clear (…) there are options for the private sector to participate, without ruling out self-generation.

The most recent data reported by the oil company shows that 33,278 million dollars, a third of Pemex’s current debt, must be paid no later than March 2026, the first year and a half of the next administration. The volume of liabilities that the state-owned company has will require significant refinancing, which will even require working with the Bank of Mexico, given The importance of the state company, Sheinbaum said.

Also as part of the fiscal projections, he promised to maintain a reasonable balance between GDP and debt. And he announced that the pension project promoted by this administration has an expiration date of 2032, from there we will see what will happen.

The former head of Government did not rule out looking for the current Secretary of Finance and Public Credit to stay up to date with public finances, after the 5.9 percent deficit planned for the end of 2024. “My first task on June 2 is talk to doctor Rogelio Ramírez de la O I hope that you will accept us to stay for some time in the Ministry of Financereported the candidate.

Sheinbaum Pardo considered that modernizing customs will provide an additional 250 billion pesos without the need to make a major change in the tax scheme; especially because currently these facilities They have very serious problems in delaying the passage of goods.

He detailed that the administration of President Andrés Manuel López Obrador managed to increase customs collection from one trillion to one trillion 250 billion pesos, but, he assured, only with modernization and digitalization this amount can increase 250 billion.

This modernization of customs, to accelerate customs clearance; added to the digitalization of processes – and a Law to Simplify Procedures that applies to the three levels of government to attract investment – ​​and the growth of the economy itself will make public income grow without the need for a deep tax reform.

Sheinbaum was received by Carlos Torres Vila, president of the BBVA Group and Carlos Osuna, vice president, general director of BBVA México; and from her team she was accompanied by Juan Ramón de la Fuente, coordinator of the Dialogues for Transformation; Ana María Lomelí and José Merino.