Sheinbaum, Goldman Sachs executive discuss Plan México investment at high-level meeting

At a Tuesday meeting held at the National Palace in Mexico City, President Claudia Sheinbaum engaged in discussions with John E. Waldron, the president of Goldman Sachs, and his team. The primary focus of the meeting was to explore the prospects and potential of Plan México, the Mexican government's flagship national economic and industrial policy.

This ambitious plan, launched in January 2025, aims to elevate Mexico's position as the world's 10th largest economy by creating 1.5 million new jobs, reducing imports from Asia, and increasing total investment to over 25% of the GDP.

During the meeting, Sheinbaum and Waldron emphasized the favorable perception of Mexico in international markets and the investment opportunities offered by Plan México. They also discussed the country's efforts to protect and support its domestic industries amidst the challenges posed by globalization. However, no specific details about investments, projects, or agreements emerged following the meeting.

Critics, such as Mexico ¿cómo vamos?, have raised questions about the feasibility of these ambitious goals, highlighting the need for greater legal certainty, openness to investment in the energy sector, and a more robust rule of law. Despite the concerns, Sheinbaum's dialogue with Goldman Sachs aimed to position Mexico as an attractive destination for one of the world's leading investment banking firms.

Goldman Sachs has had a presence in Mexico since 1994, participating in various financial transactions involving both private companies and public entities.