On July 12, 2019, the 2019-2024 National Development Plan
(Plan Nacional de Desarrollo, “PND”) was
published in the Federal Official Gazette (Diario Oficial de la
Federación, “DOF”).
The PND’s purpose is to specify the national objectives,
strategy, and priorities for Mexico’s comprehensive,
equitable, inclusive, and sustainable development.
Main Points of the PND
I. On the Economy
The main economic objectives are:
- To stimulate growth and maintain the
country’s healthy finances;
- To respect existing agreements signed
with previous administrations, and to boost national and foreign
private investment; and
- To utilize Petróleos Mexicanos
(PEMEX) and the Federal Electricity Commission (Comisión
Federal de Electricidad, “CFE”) as engines of
national development. The PND prioritizes the rehabilitation of
existing refineries and the building of new ones, as well as the
modernization of the electricity generation facilities owned by the
state (hydroelectric
