Mexico will invest more than US$ 30 billion in its poor southern states over the next five years, the foreign minister said, boosting the region economically as part of efforts to curb migration. Under pressure from the United States, Mexico is grappling to halt the northward flow of migrants fleeing violence and poverty in Central America.Add your comment!
Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded.Add your comment!
Mexico’s newly inaugurated president Andres Manuel Lopez Obrador, AMLO, is turning up the heat on foreign oil companies to show results before he holds new auctions.Add your comment!
Andres Manuel Lopez Obrador has been sworn in as Mexico's new president, after his landslide win in July. The 65-year old AMLO, as he is more commonly referred to, is starting his six-year term with a promise to end corruption, poverty and extreme violence.
Mexico's central bank cut its economic growth forecast for 2019 on Wednesday, citing uncertainty over the policies that president-elect Andres Manuel Lopez Obrador will pursue. In its quarterly report on the state of Latin America's second-largest economy, after Brazil, the Bank of Mexico predicted growth of 1.7 to 2.7% next year, down from 1.8 to 2.8% in its previous forecast.
Mexico’s incoming government will hold a national public consultation on Nov. 24-25 for residents to voice their opinion on 10 key policy proposals ranging from a new rail line and oil refinery to reforestation and free public internet initiatives.
United States and Mexican law enforcement authorities will set up a joint team based in Chicago targeting the leaders and finances of drug cartels that ship opioids into the United States, aiming to stanch a spike in overdose deaths, officials said on Wednesday.
Mexican president-elect Andres Manuel Lopez Obrador said he will abandon the secret service-style protection used by his predecessor in favor of a security detail of 20 unarmed men and women, including lawyers, doctors and engineers.
The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
Mexican President-elect Andres Manuel Lopez Obrador has given his future interior minister carte blanche to explore the possibility of legalizing drugs in a bid to curb violent crime, she said on Tuesday.