LatinNews Daily - 09 January 2024

*Mexico’s Finance Minister Rogelio Ramírez de la O has said that the government is expecting foreign direct investment (FDI) flows in the first three quarters of 2023 to total US$33bn, in comments widely distributed by the local press. Speaking at the 35^th annual meeting of heads of embassies and consulates at Mexico’s foreign ministry (SRE), Ramírez de la O said the FDI flows were partly explained by “the favourable situation of multinational industry moving to diversify its investments beyond Asia”, as well as the economic policies of President Andrés Manuel López Obrador, which he said focused on promoting economic development, improving purchasing power, and reducing inequality.

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