FDI to Mexico was $10 billion in first quarter: president
Written by MagaFirstNews on May 16, 2019
FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gives a speech during the inauguration of the Aerospace Fair 2019 at the Santa Lucia military airbase in Tecamac near Mexico City, Mexico April 24, 2019. REUTERS/Henry Romero/File Photo
May 16, 2019
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday he had been informed by the economy ministry that foreign direct investment (FDI) in Mexico reached $10 billion during the first quarter of 2019.
During a regular news conference, Lopez Obrador also said his government had decided not to use a stabilization fund to support state oil firm Pemex. The president was responding to questions about the health of Mexico’s finances.
(Reporting by Dave Graham)