Mexico touts foreign investments as IMF warns about reforms [Video]

Seeking to calm investor jitters over controversial judicial reforms, Mexico’s new president said Tuesday that four foreign companies would invest around $20 billion in the Latin American nation next year.

The announcement came on the same day that the International Monetary Fund (IMF) predicted slowing growth for Latin America’s second-largest economy and issued a warning about uncertainty created by the reforms.

President Claudia Sheinbaum trumpeted planned foreign investment in energy, tourism and e-commerce after meeting US business leaders in Mexico City, although it was unclear how much of it was new.

“At least four major investments of around $20 billion in our country were announced for 2025,” the leftist leader told a press conference.

The investments were pledged by liquefied natural gas firm Mexico Pacific, e-commerce giant Amazon, cruise line operator Royal Caribbean and oil and gas firm Woodside …