Saturday, September 13, 2025

‘Practically everyone’ in business sector supports economic plan: AMLO

Several large business groups have criticized the federal government’s economic response to the coronavirus pandemic but President López Obrador claimed on Tuesday that there is no rupture between his administration and the private sector and that the majority of the business community support the plan.

Speaking at his regular news conference, López Obrador asserted that “practically all” business people support his government and are willing to collaborate with it.

“Yesterday I met with some business people and we had a conversation, a teleconference because some of them are complying with the recommendations to look after themselves because … they’re older people. But they’re aware [of the economic plan] and expressed their support for the government. They made that clear in the conversation we had,” he said.

López Obrador said that among those who expressed their support were Grupo Carso chairman Carlos Slim, Mexico’s richest person, mining and department store magnate Alberto Baillères and Germán Larrea, president of mining and railway company Grupo México.

“I explained the plan that we are carrying out and they agreed with it. I’m saying this so that there is no fake news, so that things aren’t distorted,” he said.

The president’s remarks came after private sector groups including the Business Coordinating Council and the Mexican Employers Federation criticized the plan he presented on Sunday, charging that it doesn’t do enough to support businesses amid the coronavirus-induced economic crisis.

However, López Obrador said that the business people he spoke with have shown their support for the government by following the directive not to dismiss employees and to continue to pay them their full salaries even though they might not be working due to the closure of non-essential businesses.

He added that the business people told him that they would pay their suppliers as quickly as possible and even make advance payments to support them through the tough economic times.

“I thanked them. … They’re willing to help in any way the government asks them to,” López Obrador said.

Asked by a reporter if there was a rupture between the government and the private sector, the president responded:

“No, quite the contrary; they’re acting very responsibly.”

He acknowledged that some business people are pushing for tax privileges and other concessions but reiterated that his government won’t act in the same way as past “neoliberal” and corrupt administrations.

“That’s been left behind now, relegated to … the dustbin of history,” López Obrador said.

He said that his plan will allow the economy to recover quickly once the coronavirus crisis passes, asserting that the government is taking steps so that there is an immediate “economic spillover” in the country.

Source: El Universal (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
A soldier records the passage of Armed Forces helicopters during rehearsals for the Military Air Parade marking the 215th anniversary of the start of the Mexican War of Independence

Mexico’s week in review: Market confidence, China tariff hikes and military scandal

0
Other headlines included a move by Peru to declare Mexico's president a persona non grata, a one-year high for the peso and fatal roadway accidents that left over 100 people wounded.
News quiz

The MND News Quiz of the Week: September 13th

0
Trash, tariffs and tourism: Have you been following the news this week?
presdent sheinbaum in Sept 2025

Sheinbaum on the defense after China charges Mexico with enacting tariffs under US coercion

31
While rejecting any "appeasement ... toward unilateral bullying” (a clear reference to Trump), the president indicated a willingness to negotiate.
BETA Version - Powered by Perplexity