Citigroup CEO calls for consolidating a "business environment"'in Mexico

08/03/2021

Mexico must consolidate a business environment that generates greater stability, trust, and collaboration to reinforce the recovery after the crisis caused by the COVID-19 pandemic, said Thursday Jane Fraser, CEO of financial giant Citigroup.

"To capitalize on the opportunities and successfully face the challenges, Mexico must consolidate a business environment that generates greater stability, trust, and collaboration that will allow it to take better advantage of these circumstances," said Fraser during the Plenary Meeting of Advisory Boards organized by Citibanamex.

Mexico's economic reactivation will be achieved thanks to the solid recovery of the United States and the new trade and immigration policy of President Joe Biden, which will generate new business opportunities. The Citibanamex Plenary Meeting was held virtually this year, after it was canceled in 2020 due to the coronavirus pandemic.

Jane Fraser also thanked businessmen Carlos Slim and Alfredo Harp for their collaboration to build a COVID-19 care unit at the Citibanamex Center in Mexico City. The Center has more than 600 beds, 64 of which are intensive care beds, and more than 6,000 patients have been treated.

Although the pandemic has affected the world, in Mexico there is a special case, since it coincided with a change of government regime that has created uncertainty. Beyond the new government, more serious is the change in the development strategy that seems to have no defined course.

By Mexicanist