In a panel of experts, Carlos Salazar Lomelín, president of the CCE, warned that we must ‘make investment an obsession’ focused on infrastructure for the economic recovery of Mexico.

By JOSÉ ÁNGEL DE LA PAZ | EGADE BUSINESS SCHOOL

EGADE Business School inaugurated the January-March trimester with the panel of experts Economic & Investment Outlook 2021, led by Carlos Salazar Lomelín, President of the Business Coordinating Council (CCE).

Organized by the Financial Think Tank and the Master in Finance, the event took place on January 27 to offer an analysis of Mexico’s economic and investment panorama for this year, within the COVID-19 crisis situation.

“We need to make investment an obsession,” Salazar Lomelín told students, alumni and faculty.

The CCE leader, an EGADE Business School graduate and Chairman of the Board of Tecnológico de Monterrey’s Undergraduate Business School, expressed his pessimism regarding economic recovery given the complete absence of public investment in infrastructure.

He stressed that, even though CCE managed to deploy two public-private infrastructure investment projects worth 500 billion-pesos, it was not enough.

“We face thousands of restrictions, but the greatest ones come from the Government with its myriad of red tape, as well as an ideological situation such as rejecting a more accelerated investment in infrastructure by the energy sector,” explained Salazar Lomelín.

Other panel participants were Shantall Tegho, Managing Director at Goldman Sachs; Alonso Cervera, Chief Economist for Latin America at Credit Suisse; and Jorge A. Martínez, Director of the EGADE Business School Financial Think Tank, who served as moderator.

Within the framework of the event, Ignacio de la Vega delivered his last message as Dean of the Undergraduate Business School and EGADE Business School, before assuming the role of Executive Vice-Rector of Academic Affairs, Faculty and Internationalization at Tecnológico de Monterrey.

“It has been a pleasure working with my colleagues at EGADE Business School for the past three and a half years; I will continue to work closely with the school. I wish you every success and hope that all the predictions shared by our panelists today will be fulfilled, so that we can build the future to which we aspire and deserve as individuals and as a society,” said De la Vega.

In addition, Osmar Zavaleta, currently the Associate Dean of Research, also delivered his first message as Interim Dean of EGADE Business School.