The President of Mexico, Claudia Sheinbaum Pardo, presented the Plan México, a project that sets forth a series of ambitious economic goals to position the country as a global economic powerhouse, reduce poverty, and address inequality.
During an event held at the National Museum of Anthropology (MNA), the president unveiled the first draft of the plan, which includes 12 goals that combine sustainability, industrialization, economic development, and social welfare.
What is the Plan México?
Plan México is a development strategy aimed at turning Mexico into the tenth-largest economy in the world while strengthening its position as a leader in global value chains. “Our country is a cultural powerhouse, and our goal is to reduce poverty, address inequalities, and ensure that every Mexican knows there is a plan, that there is development,” said Claudia Sheinbaum during the presentation.
What are the 12 goals of Plan México?
The president detailed the specific objectives of the plan, which include:
- Advancing from 12th to 10th place among the world’s economies.
- Increasing investment as a percentage of GDP to over 25% by 2026.
- Creating 1.5 million additional jobs in strategic sectors.
- Ensuring that 50% of national supply comes from sectors like textiles, footwear, and toys.
- Boosting domestic content in global value chains by 15%.
- Ensuring that 50% of public procurement is of domestic production.
- Producing vaccines in Mexico.
- Reducing investment timelines from 2.6 years to 1 year.
- Training 150,000 additional professionals and technicians annually.
- Promoting environmental sustainability within companies.
- Facilitating access to financing for 30% of SMEs.
- Positioning Mexico among the top five tourist destinations in the world.
Collaboration with the private sector: Key to Plan México
Plan México envisions close collaboration between the public and private sectors to attract investment, boost industrialization, and promote technological innovation. Claudia Sheinbaum highlighted that, to date, 2,000 investment projects worth 277 billion dollars have been registered, reflecting confidence in Mexico as an attractive destination for business and innovation.
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During the presentation, Secretary of Economy Marcelo Ebrard Casaubon praised the president’s leadership in creating Plan México. “In my 42 years of public service, this is the only instrument I’ve seen developed this quickly, almost dictated by the president. She remembers all the figures, corrected most of the goals, and asked for details we hadn’t even considered,” he stated.
Meanwhile, Altagracia Gómez Sierra, Coordinator of the Economic Development Advisory Council, emphasized the importance of this project in creating well-paid jobs and strengthening the resilience of value chains. “This is a long-term vision for our country to grow with prosperity, lead in global value chains, and support internal market strength,” she highlighted.
SMEs and Plan México
One of the pillars of Plan México is the economic inclusion of small and medium-sized enterprises (SMEs). The goal is for 30% of these businesses to gain access to financing while fostering local supply in key sectors such as automotive, pharmaceutical, and aerospace. Additionally, it aims to reduce bureaucratic procedures to expedite investments and promote corporate sustainability.
Sheinbaum assured that Plan México has an inclusive approach and seeks to improve the quality of life across all regions of the country. “For each of the 32 states in the Republic, there is a plan, a project, goals, and the objective that we all contribute to building Plan México,” she stated.
The project also sets ambitious goals to train 150,000 additional professionals annually, consolidate vaccine production, and enhance environmental sustainability through responsible investments.
