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Sheinbaum highlights economic stability as an achievement of the first anniversary of her electoral victory.
Mexican President Claudia Sheinbaum celebrated the first anniversary of her victory in the 2024 presidential elections on Monday with an optimistic assessment of the country's future, highlighting its economic stability. In her morning press conference at the National Palace, Sheinbaum emphasized that the country is showing economic strength, increasing foreign investment, and progress on strategic public works projects. Sheinbaum also stated that her administration's direction is "very good" since she assumed the presidency eight months ago, but asserted that the country is also transforming. "We are doing very well. Very well. (…) There is growth, there is well-being," she stated. She also highlighted economic data such as the strength and resilience of the peso against the dollar and reforms within the country, such as the electoral process for judges and an 11% increase in real terms in tax revenues.
Among other economic achievements, the president highlighted that Mexico registered a record in foreign direct investment in the first quarter of the year, reaching $21.4 billion, and that the average wage reached its highest level in four decades. She also mentioned that working poverty is at its lowest point in twenty years and that there is growth despite the impact of global tensions stemming from the tariff war initiated by the new US administration of President Donald Trump. Regarding infrastructure, Sheinbaum detailed that several strategic rail projects are already underway, such as the Mexico City–Pachuca and Mexico City–Querétaro trains, and new routes for the Maya Train and the Interoceanic Corridor in the southeast of the country.
Regarding social programs, the president emphasized that all high school students already have a scholarship, and that this month the direct distribution of funds to Indigenous peoples and Afro-descendant communities begins as part of a constitutional reform. "Today (welfare programs) are rights in the Constitution, (there are now) three new programs," she emphasized, referring to her three new initiatives to distribute public funds to all minors studying at the primary level, to women aged 60 to 64, and to provide door-to-door assistance to the elderly.
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