Mexican President Claudia Sheinbaum speaks after meeting foreign business leaders at the National Palace. Seeking to calm investor jitters over controversial judicial reforms, Mexico's new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year. "At least four major investments of around $20 billion in our country were announced for 2025," the leftist leader told a press conference. While the confirmed total was more than $20 billion, actual investments could exceed $30 billion by 2025, he said. According to the IMF, however, the reforms "create important uncertainties" about contract enforcement and the rule of law.

Source: Daily Nation October 16, 2024 12:08 UTC