9/2/2015 Wall Street Journal
MEXICO CITY—Days before Mexico’s government unveils the most austere budget in years because to falling oil prices, President Enrique Peña Nieto has decided to rely on new financial tools to boost investment in such key sectors as education, infrastructure and energy.
“Mexico will be developing innovative financial instruments that will allow us to capture more capital flows…and to direct them to infrastructure projects,” said Mr. Peña Nieto in his annual state of the nation address Wednesday at the National Palace.
In his speech, Mr. Peña Nieto said the government will be issuing education infrastructure bonds to obtain from investors around $3 billion in the next three years to help improve public schools. The funds will complement education budgets.