Including investments from the private sector, total infrastructure spending could hit 4tn pesos ($314.2bn) between now and 2018, said Peña Nieto. That would represent nearly a third of Mexico’s annual gross domestic product.
A federal program that flies deported immigrants back to Mexico resumes Thursday, with 133 Mexicans scheduled to board a plane from El Paso to Mexico City. The Mexican government will transport the deportees to their hometowns.
The repatriation flights, which began in October and ended after two months, are intended to give would-be immigrants a better chance of resettling, rather than becoming victims of violent crime in border towns or trying to illegally cross into the United States again.
Héctor Aguilar Camín and Jorge G. Castañeda, Foreign Affairs, 11/2012
Mexico has long been hostage to unchallengeable traditions: its nationalist approach to oil wealth, overly sensitive attitude toward sovereignty, entrenched labor monopolies, persistent corruption, and self-serving bureaucracy. Acquired over time, these attitudes and practices became cemented in the national soul and embedded in the habits of the government and society, sapping the country’s potential.
The good news is that all of this is rapidly changing, as Mexico leaves behind its hefty psychological baggage. Yes, the last 15 years, a time of too little economic growth and too few reforms, have been frustrating, especially for those who expected the transition to democracy to solve everything. But these years have unveiled a new national consensus: a broad agreement on values that, despite seeming normal for any other modern democracy, did not figure clearly in the Mexican public consciousness until very recently.
Chlopak, Leonard, Schechter & Associates on behalf of the Enrique Peña Nieto Transition, 11/21/2012
On December 1, 2012 Enrique Peña Nieto will be sworn-in as Mexico’s next president. This is the third in a series of issue briefs covering some of his policy priorities. Each brief will outline the president-elect’s vision for Mexico and proposed policies.
MEXICO WILL CONTINUE ITS FIGHT AGAINST ORGANIZED CRIME
Mexico’s President-elect Enrique Peña Nieto supports the decision made by President Felipe Calderón to confront the threat of organized crime head-on. As Peña Nieto has stated “the law is not negotiable, it is to be applied.” The president-elect believes that enforcing the law is not an option, but rather an obligation of the Mexican State and its authorities.
Fox News Latino, 7/28/2012
The Mexican government criticized Saturday the inconclusive results of the U.N. diplomatic conference seeking to pass an international Arms Trade Treaty (ATT), and deplored “the imposition of the consensus rule” as a condition for reaching an agreement.
“The government of Mexico decries the U.N. diplomatic conference postponing the adoption of the Arms Trade Treaty,” the foreign ministry said in a communique.
The committee voted late on Wednesday to allow the 2012 budget deficit to reach 0.4 percent of gross domestic product, from the government’s proposal of 0.2 percent of GDP, excluding investment by state oil monopoly Pemex. Last year’s deficit cap was 0.5 percent.
Lawmakers also backed a lower growth forecast and changed the expected currency exchange rate in 2012 to 12.80 pesos per dollar, from 12.20 per dollar in the proposal from President Felipe Calderon’s government.
After years of cutbacks and shrinking orders, Boeing Co.‘s sprawling satellite-making operation in El Segundo got a major lift Monday with a $1-billion contract for three satellites for the Mexican government.
The deal, which also includes supplying ground-based communications equipment, was the second big satellite contract for Boeing this year and should help keep the production line humming at a time when the state is facing a 12.4% unemployment rate. The large order could help preserve high-paying engineering jobs in Southern California and throws a lifeline to hundreds of smaller firms that supply parts for the massive satellites.
Each satellite will be about the size of a school bus, take three years to make and cost about $250 million. The Mexican government declined to say exactly how they would be used but said that they would provide its police and military personnel with communications coverage throughout the country — a crucial capability as it continues to wage a bloody battle against local drug cartels.