- Posted by México
- On Thursday October 12th, 2023
- 0 Comments
The United States government, through the United States Agency for International Development (USaid), has unveiled an ambitious plan to mobilize resources and technical support in southern Mexico with the goal of boosting the regional economy and generating over $250 million in annual sales and investments. This initiative is part of an effort to address population movement in the region.
So far, USaid’s programs in southern Mexico have benefited over 48,000 individuals and mobilized nearly $30 million. The agency aims to further increase its impact in the area.
On the other hand, the Banco de Mexico has announced that the reference interest rate will remain at 11.25%, a measure aimed at controlling inflation, although it is considered restrictive for the economy.
Furthermore, the United States and Mexico have reaffirmed their commitment to work together through the Unified Cargo Processing (UCP) program to expedite legal cross-border trade. They have also identified the Veterans-Los Tomates International Bridge as a significant entry point for international trade.
Regarding bilateral cooperation, teams from the President of the United States Joe Biden and the President of Mexico Andrés Manuel López Obrador will convene state and municipal governments, the private sector, and civil organizations to promote cooperation in transportation planning and enhance mobility in border communities.
Additionally, the Ministry of Economy has launched the Single Window for Investors (VUI), an online platform that will provide legal information and guidance to companies interested in entering the Mexican market, streamlining procedures related to investment establishment.
In conclusion, the collaboration between USaid and Mexico represents a significant step towards fostering economic growth in the Southeast and strengthening bonds of cooperation. With ambitious plans in motion and a commitment to addressing economic challenges, this partnership not only seeks to generate prosperity but also offers a glimpse of the positive impact international cooperation can have on regional development. As these initiatives continue to unfold, we can anticipate a brighter and more sustainable future for the entire region.