March 28th, 2024


1. Presidential candidates’ healthcare agendas take shape 

With the start of the campaigns, the leading presidential candidates presented their main healthcare proposals for the country. Xóchitl Gálvez, the opposition candidate, pledged to reinstate the Seguro Popular and promote a telemedicine system.

In contrast, Claudia Sheinbaum, the candidate of Morena-PT-PVEM, presented 10 pillars for her healthcare policy with the aim of continuing the healthcare system, consolidating free healthcare, and promoting a culture of prevention. The importance of modernizing infrastructure, digitalizing procedures, and consolidating IMSS-Wellbeing was also highlighted.

El Universal: Claudia Sheinbaum presenta propuestas en materia de Salud; destaca digitalización de trámites.

N+: Xóchitl Gálvez Anuncia su Estrategia de Salud; Critica a Hugo López Gatell.

2. President announces migration agreement with Venezuela

President Andrés Manuel López Obrador announced the implementation of the “Return to the Homeland” program to assist Venezuelan migrants who are being repatriated to their country, providing each with US$110 for a period of six months.

This agreement also aims to integrate migrants into the labor market of their home country. On the other hand, the president announced that efforts will be made to extend this program to Colombia and Ecuador.

Forbes: Gobierno de México da 110 dólares al mes, durante medio año, a venezolanos deportados por acuerdo con Maduro.

El Financiero: AMLO planea extender plan de ayuda a migrantes a Colombia y Ecuador: ‘Son propósitos buenos’.

3. Mexico City breaks foreign investment record; candidates seek to improve conditions

Fadlala Akabani, Secretary of Economic Development of Mexico City, announced that between 2019 and December 2023, the nation’s capital received US$43.593 billion through Foreign Direct Investment (FDI), representing over 30% of the country’s total FDI.

During a meeting with the Mexican Chamber of Construction Industry (AMIC), Clara Brugada, candidate for the Head of the City, stated her intention to increase public investment in the city by 20%. Santiago Taboada and Salomón Chertorivski, the other candidates, also announced measures to promote investment and the city’s economy if they win. 

El Economista: CDMX establece récord en IED con 43,593 millones de dólares en los últimos cinco años.

La Jornada: Ofrece Brugada incremento récord de 20% en inversión pública.

4. Ban on glyphosate for agricultural use is postponed

One year after a decree was issued enabling the transition towards the prohibition of the use, distribution, promotion, and importation of glyphosate, the Secretariats of Economy, Environment and Natural Resources, Agriculture and Rural Development, along with the Federal Commission for the Protection against Sanitary Risks (Cofepris), declared that its use will be allowed in specific cases, due to the lack of a suitable substitute.

The National Council of Science and Technology (Conahcyt) stated that it continues to work on viable alternatives for its replacement.

El Universal: Gobierno federal posterga prohibición de glifosato por no existir sustituto químico.

Forbes: Prohibición total del glifosato en México se pospone.

5. Central bank cuts interest rate, maintains 3% inflation target

At its latest meeting, the Governing Board of the Bank of Mexico voted to reduce the interest rate by 0.25 points to 11%. However, it emphasized a restrictive monetary stance and constant monitoring of inflationary movements. This marks the first rate cut after a period of 15 increases in 21 months.

Through a statement, the institution announced that it will continue working to achieve the inflation target of 3%, which is expected to be reached by the last quarter of 2024.

El Economista: Banxico recorta la tasa por primera vez en tres años.