Mexico Prepared to Cope with Crisis: President Felipe Calderón
 Presidencia de la República
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| | "The country has less financial and macroeconomic risk than Chile, Brazil, Russia, South Africa, India, Japan, the United Kingdom and the United States," says Calderon. | |
Cuautitlán, Mexico State - President Felipe Calderón Hinojosa declared that although 2009 will be a complex year, Mexico is now much better prepared to deal with an economic crisis than at any other critical juncture in the past.
"Unlike in the past, our economy today is much more solid and stable. And given the challenges, government will continue working tirelessly to offset the effects of the world financial crisis and overcome this situation as soon as possible," he added.
During the inauguration of the Lechería-Cuautitlán stretch of the suburban train, the President cited a report by Merrill Lynch showing that despite the risks and adversity it will face, Mexico is one of the countries with lower macroeconomic and financial risks than other economies in the world, such as Chile, Brazil, Russia, South Africa and India and even consolidated economies such as Japan, the United Kingdom and the United States.
Accompanied by Governor of the State Enrique Peña Nieto, the President said that what should be done is to mitigate the effects in Mexico as long as the crisis lasts so that when it ends, the actions, reforms and works undertaken during this administration will endure.
That is why, he said, in 2009, his government will continue its unprecedented investment in major infrastructure works throughout the country.
"With this determination, we are going to continue working on other fronts too, by promoting social programs, supporting the families with least, reinforcing support for the countryside, education and health," he declared. |
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News Around the Republic of Mexico | January 2009 
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