Based on definitive figures, Petróleos Mexicanos reports that oil production in 2020 stood at 1,705 thousand barrels per day average per year. Exceeding the average annual production of 2019 by four thousand barrels per day.
With this production figure, Pemex ends the period of fifteen consecutive years of falls in oil production.
Sorce: PEMEX
The Ministry of Finance, within the framework to strengthen its actions for the economic reactivation, carried out a management operation of the stock market liabilities of the National Infrastructure Fund (FONADIN), which obtained a total amount equivalent to 23,853 million pesos, where it took advantage of the low rates of interest to strengthen its finances and thus be able to continue as the Federal Government’s vehicle to promote infrastructure development and continue to co-invest, with the private sector, in projects with high social impact.
The issuance of new certificates reached a total demand of 2.63 times the amount placed, and the coupon rates were determined with the lowest surcharges in history with respect to UDIBONOS for the terms issued. This is the largest exchange between Stock Certificates in the history of the local market of the same issuer.
Source: Ministry of Finance
The Ministry of Finance announces mechanism to promote investment in infrastructure through projects financed with private capital. Four criteria were established to select projects:
That private investment be greater than 50 percent in each project.
· Projects in the energy, communications, transport, tourism, water, sanitation and environment sectors.
· That each project has a clear definition regarding the benefits to be obtained, as well as its scope, cost and execution time.
· That they have no impact on public debt.
Source: Presidency of the Republic
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The Ministry of Finance published the General Economic Policy Criteria for the Federal Revenue Law and the Expenditure Budget Project of the Federation 2021.
Regarding the criteria, it clarifies that they are distinguished by a deeper reflection on economic and social aspects, as well as on the country’s health, economy and public finances.
Tax Policy
Revenue
Expenditures
Source: Ministry of Finance
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Banobras successfully placed 7.5 billion pesos in sustainable bonds.
Within the framework of the Sustainable Bank Strategy and as part of the actions for the economic reactivation of the country, the National Bank of Public Works and Services (Banobras) today placed two Sustainable Bonds in the Mexican Stock Exchange (BMV) : BANOB 20X and BANOB 20-2X for a combined amount of 7.5 billion pesos.
Source: Banobras
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The head of the SCT announced the construction of road infrastructure works
• 39 projects in the Communications and Transport, Energy, Water and Environment sectors
• Accumulated investment of 297,344 million pesos
The Government of Mexico recognizes that the participation of private initiative in the development of Mexico is necessary and is a reality. For this reason, they will work together to achieve the objective of an continuous investment of 25 percent of GDP, based on the competitive advantages of the country, activating a large number of projects in addition to those already underway, with strong private participation, based on its social and economic profitability.
Source: Presidency of the Republic
The Global Infrastructure Hub’s (GI Hub) InfraCompass 2020 analysis of 81 countries ranks Mexico number one in the world for procurement.
Since its launch in March 2017, the Mexico Projects Hub (Proyectos México) has aimed to accelerate private investment in Mexican infrastructure development. The first of its kind in the world, it has quickly strengthened Mexico’s ability to fund multiple large projects across the nation.
“The Mexico Projects Hub is still the benchmark. It superbly serves the government’s infrastructure project pipeline’s key functions – promoting the early engagement of the private sector and allowing governments to track and consistently achieve progress on infrastructure development priorities.” (GI Hub’s Senior Policy Specialist, Cleyton Barros).
Source: Global Infrastructure Hub
The Latin American Association of Financial Institutions for Development (ALIDE) awarded the National Bank of Public Works and Services, S.N.C. (Banobras) the ALIDE Award, in the special ALIDE Green category, for the Sustainable Funding Strategy, a scheme focused on directly contributing to the sustainable development of the country and the well-being of the population, and which is part of the Sustainable Bank Strategy of Banobras.
Source: Banobras
The actions carried out by the United Nations agencies mentioned in the framework of the Tren Maya Project of the Government of Mexico are in accordance with the principles of humanity, independence and impartiality, fundamental instruments to maintain consent and cooperation with the Member State.
Source: Fonatur
Tender is announced for the provision of maintenance, rehabilitation and operation services of the Roads and Bridge included in the “Southeast Package”, located in the states of Campeche, Chiapas, Tabasco and Veracruz.
