“In the first 10 months of this year, the Afores have generated historic capital gains of 1.1 trillion pesos, a reflection of the solidity of the system and the confidence of the workers,” he said during the inauguration of the Amafore Meeting.
The undersecretary highlighted that after labor reforms, such as the registration of domestic workers or platform workers, there have been greater contributions to the Afores.
In October, IMSS figures showed that the base salary of workers is 622 pesos, which also drives the growth of managed resources.
With this data, it is estimated that the capital gains for October were approximately 160,000 million pesos. Consulted later, the president of the National Commission of the Retirement Savings System (Consar), Julio Cervantes, confirmed the data that will be officially announced next Friday.
They highlight the need to invest in infrastructure
The Afores are the second largest investor in Mexico with more than 8 billion pesos in managed resources. It is estimated that this savings will reach 12 billion pesos in the next 5 years.
Bonilla highlighted that given the adjustments in the law that have allowed new investment limits, these will help finance infrastructure projects that stimulate the economy.
“By providing financing to productive projects that create jobs, increase formality and allow workers to make contributions that simultaneously translate into long-term savings,” he highlighted.
Bonilla highlighted that workers’ savings are essential for new infrastructure projects in the country through the National Development Plan.
“This plan recognizes that development cannot depend only on public spending but on the country’s ability to mobilize private savings towards strategic sectors, infrastructure, advanced manufacturing, clean energy, logistics and regional development, having a multiplier effect on these resources,” he said.
