THE NEWS
The first benefit of the reforms passed in 2013 will be greater trust in Mexico by international investors, Organization for Economic Cooperation and Development (OECD) Secretary Ángel Gurría said yesterday.
Gurría was interviewed at the 44th World Economic Forum in Davos, Switzerland, where he said that the increased trust should be seen in the short-term. He said that the past 12 months have produced something unexpected and unprecedented, and that, thanks to the reforms, the country looks exceptional from the spectator’s point-of-view.
“What we have to do now is move forward and solidify it, put it into practice. Growth will reach us in 24, 36, 48 or 60 months,” Gurría said, adding that investments will begin to come in little by little.
He said that the national agenda that managed to pass reforms required “enormous political capital,” and that it had been waiting for a long time to be revealed. He added that these reforms bring things up to speed that have been delayed for not one, two or three years, but 20, 30 or 40 years in come cases, such as the labor law.
“This treasure that has accumulated in 12 months now just needs us to capitalize on it,” Gurría said. “We have to build up good spirits so that reformation is neither traumatic or a great political architecture, but rather so it become a way of business, to see what others are doing and go along with them or risk being left behind.”
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