Riviera Can, No.- The elimination of autonomous bodies will add to the uncertainty of investors in Mexico, said this Thursday the president of the Institutional Stock Exchange, María Ariza.
“They are institutions that give independence and certainty to investors who want to place bets on our country, that give us transparency, give us institution and governance,” he declared within the framework of the second summit of leaders of commerce, services and the tourism, organized by Concanaco Servytur in the Riviera Nayarit.
He warned that by transferring their functions to public administration agencies, the independence of the autonomous entities will be lost, which will generate uncertainty among investors.
“And that is reflected in the investment appetite itself and is reflected in the (stock) indices,” he asserted.
“These are policies, issues, conversions and negotiations that worry investors because they take away this independence and the certainty that having an autonomous body that can support you on any issue can generate,” he added.
Yesterday the Chamber of Deputies approved the reform that eliminates seven autonomous bodies, whose functions will pass to the public administration and the Inegi.
He added that yields in Mexican markets are lower compared to other international markets due, in part, to a global situation that includes geopolitical conflicts, the effects of monetary policies and high inflation rates, factors that compress liquidity and generate uncertainty in equities.
He specified that in the case of Mexico, returns have been more negative due to idiosyncratic issues, such as the past electoral process, changes in regulations and constitutional modifications that generate uncertainty in the investing public, such as judicial reform.
During his participation in the summit, Ariza highlighted, however, that the future for the services sector is very positive because opportunities are being generated and Mexico is becoming a very important place.
“For the United States, Mexico is more important than ever, Mexico is at the center of the United States discussion table. “That country has very important challenges such as competitiveness or the transition to renewable energy, and these challenges cannot be solved without Mexico,” he highlighted.
Follow us on Google News to always stay informed
Get inspired, discover and share. Follow us and find what you are looking for on our Instagram!
