remittances
After the record reception of 58.510 million dollars (mdd) for sending remittances last year, President Andrés Manuel López Obrador estimates that this year Mexico will receive 60,000 mdd for this concept.
Only in January, 4,404 million dollars arrived in Mexico, which represented an increase of 12% compared to the same month of 2022, highlighted the president.
“We are estimating 4,340 million dollars for February, which will mean an increase of 11% -compared to February 2022-. If we go like this, we are going to exceed 60,000 million dollars this year,” López Obrador anticipated, noting that remittances help 10 million families and are the country’s main source of income.
Another item in which Mexico will have a good year, anticipated the president, is foreign direct investment (FDI). “This year, foreign investment is going to be exceptional,” he said without offering an estimate.
Last year, 35,292 million dollars of FDI arrived in Mexico. On Wednesday Elon Musk, owner of Tesla, made it official that a new plant to produce electric cars will be built in Nuevo León.
In 2022, AMLO explained, FDI was favored “by the merger of Televisa with Univisión and the restructuring of Aeroméxico.”
With information from Reuters
