Capital without capital: nearshoring ignores a CDMX governed by Morena

During 2024, Mexico City reached alarmingly low levels of new foreign investments. Thus revealing a serious flaw in the economic policy of the Morenista governments of Martí Batres and Clara Brugada.

Despite boasting a national record in attracting foreign investment, the real data shows a historic collapse in the capital.

Fudged figures, worrying reality

According to official figures, Mexico City attracted 14,426.5 million dollars in Foreign Direct Investment (FDI). However, only 3.1 million of that amount represents new investments. The rest corresponds to reinvestment of profits and inter-company accounts, which doesn't generate real economic growth or jobs.

To put the severity of the issue into perspective, the fresh capital received is equivalent to what is needed to build just three cheap gas stations in the city.

Not even in the worst moments of the pandemic, when the global economy was paralyzed, were such low figures of new investment recorded in the Mexican capital.

The contrast with the supposed current boom makes it clear that nearshoring was not taken advantage of by the local government.

Morena boasts hollow figures

The federal government's triumphalist narrative, hides the real lack of confidence of investors in the Morenista governments.

Mexico City, which has historically led in investment attraction, today becomes an example of how Morena turns opportunities into crises.

A potentially key year to consolidate international projects was lost amid improvisation, economic populism, and disconnection with the business sector. Morena once again demonstrates that wherever it puts its hands, it destroys.