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Mexico Senate Approves Mixed-Finance Infrastructure Law

Officials say retirement savings stay protected under existing oversight.

Overview

  • The Senate approved the Ley para el Fomento de la Inversión en Infraestructura Estratégica with 84 votes, creating a framework to fund strategic projects with public and private capital.
  • President Claudia Sheinbaum said the law aims to expand roads, ports, trains, and jobs without improper use of retirement savings or risky debt.
  • Amafore, which represents the firms that manage workers’ retirement accounts, said pensions remain protected and any Afore investment must be profitable, well structured, and pass oversight by Consar, investment committees, and independent reviews.
  • Amafore disputed claims that the government can take 30% of retirement funds, explaining that the figure is an existing, non‑mandatory Consar cap on certain instruments, not a target set by the new law.
  • The decree awaits promulgation and publication in the Diario Oficial to take effect, replacing PPPs with mixed‑participation schemes that use trust vehicles to isolate each project’s risk as the government seeks to revive spending after a 28.4% drop.