Introduction to Claudia Sheinbaum and Her Role
Claudia Sheinbaum Pardo, the current Head of Government of Mexico City and a prominent figure in Mexico’s political landscape, has reaffirmed her commitment to maintaining economic leadership through the Fourth Transformation. As an influential politician, Sheinbaum has been instrumental in shaping Mexico’s development strategy, focusing on infrastructure, strategic areas, and private investment that ensures fair wages and aligns with regional natural resources.
The Fourth Transformation and Its Economic Strategy
Under the Fourth Transformation, Sheinbaum emphasizes that public investment serves as a catalyst for both well-being and growth with equity. The government aims to bolster local economies, integrate regional value chains, and respect territorial and cultural diversity through strategic planning instruments. This approach seeks to promote social justice, territorial equity, and collective well-being while closing gaps and democratizing access to progress benefits.
Public vs. Private Investment
Sheinbaum clarifies that public investment complements and strengthens private investment, ensuring that prosperity is shared and sustainable development reaches everyone without exclusion. The government will focus on infrastructure projects such as schools, hospitals, roads, trains, water and energy systems to stimulate both the economy and people’s dignity.
New Regulations for Investment Projects
With the implementation of new regulations, both private and public sector investments in infrastructure projects are now subject to stricter guidelines. The manual developed by the Subsecretariat of Expenditures outlines that budget validity is “indefinite,” only updated when the Secretariat deems necessary.
Collaboration Between Government Levels
Municipal and state governments must collaborate with federal public administration entities to register projects in the investment portfolio, ensuring compliance with technical, methodological, and strategic contribution criteria to the National Development Plan.
Registration Process and Criteria
To register projects, municipalities and entities must complete strategic value assessment forms (FIVE). Simplified forms are used for projects under 800 million pesos, while more comprehensive assessments are required for larger projects exceeding 1,500 million pesos, necessitating expert evaluation.
Key Questions and Answers
- What is the Fourth Transformation’s economic strategy? The Fourth Transformation prioritizes public investment in infrastructure, local economies, and regional value chains to promote social justice, equity, and well-being while ensuring prosperity is shared across all regions.
- How does public investment complement private investment? Public investment serves to complement and strengthen private investment, ensuring fair wages and sustainable development that benefits everyone without exclusion.
- What are the new regulations for investment projects? New regulations subject both private and public sector investments to stricter guidelines, with indefinite budget validity updated only when necessary by the Secretariat.
- How do municipal and state governments collaborate in this process? Municipal and state governments must work with federal public administration entities to register projects in the investment portfolio, adhering to technical, methodological, and strategic contribution criteria for the National Development Plan.
- What are the registration process requirements? Projects must complete strategic value assessment forms (FIVE), with simplified forms for smaller projects and comprehensive assessments for larger ones, sometimes requiring expert evaluation.
