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October 9, 2008

Mexico to Invest $4.4 Billion in Infrastructure to Combat Financial Crisis
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In Mexico, President Felipe Calderon has vowed to increase spending to
help the country combat the global financial crisis, which has seen the
peso plunge to a sixteen-year low. On Wednesday, Calderon unveiled plans
for $4.4 billion in emergency spending to invest in roads, railways,
schools, hospitals and an oil refinery.

Felipe Calderon: “It’s true the world is going through a tough moment.
However, the program to promote growth and jobs announced today will
help our economy to confront adversity and to retake the route of
prosperity and growth with stability.”



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