Perspectives on Remittance Flows in 2025

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 8, 2024

What Is the Future of Mexico’s Tech Investments?

Microsoft said last month that it will invest more than $1 billion over the next three years in Mexico. // File Photo: Igor Omilaev via Unsplash.com.

Q

A

Nicolás Mariscal, member of the Advisor board and chairman of Grupo Marhnos: “Mexico’s new administration has emphasized the need for investments in science and technology. Microsoft’s announcement is in line with the priorities of the new government, and could very well boost both private and public investments in AI. There is a public underinvestment in science and technology in Mexico. In the 2024 budget, only 148 billion pesos were destined to the area of science, technology and innovation. That is around 0.6 percent of GDP, when international organizations recommend an investment of 1.5 percent. South Korea invests 4.93 percent, making it the country that spends the most after Israel. The majority of businesses in Mexico are…”

Top News

Ecuador Orders Companies to Reduce Usage of Electricity
Ecuador’s government has ordered a group of companies to lower their power usage amid an energy crisis caused by a severe drought. The country heavily relies on hydroelectricity.
Brazil’s Root Capital Seeking to Raise $200 Mn
Rio de Janeiro-based private credit firm Root Capital Gestão de Recursos is seeking to raise $200 million for a distressed debt fund amid soaring bankruptcy claims.
Haiti Transitional Council Selects New Leader
Haiti’s transitional presidential council on Monday selected Leslie Voltaire as its new rotating president. The council’s outgoing leader objected to the appointment. // File Photo: @leslievoltaire via X.

Complete editions of the Latin America Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

Subscribe To
Latin America Advisors

* indicates required field

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Inter-American Dialogue Education Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required