INTRODUCTION & WELCOME 9
Towards strong , sustainable and balanced growth
President of Mexico , Enrique Peña Nieto
The G20 is committed to develop comprehensive strategies to stimulate strong , sustainable , and balanced growth worldwide . To do so , it has played a significant role in enhancing macroeconomic policy coordination among major economies , improving financial regulation and setting the basis for international recovery
In accordance with these purposes , last February , G20 Finance Ministers and Central Bank Governors decided to coordinate efforts in order to lift the Group ’ s GDP . The collective goal is to increase it by more than 2 % over the coming five years , above the implied trajectory by current policies . I am convinced we can achieve this by promoting sound macroeconomic policies and reforms , as well as , fostering investment , trade and competition . For this reason , Mexico embraces the ambitious commitment and looks forward to discussing an action plan , at the Brisbane Summit this November .
In this regard , my country has a renewed capacity to contribute to global growth . Mexicans have started an ambitious transformation agenda that includes structural changes on education , finance , energy , tax collection , economic competition , and telecommunications . These reforms , approved last year thanks to Mexico ’ s main political parties ’ willingness and sense of responsibility , will enhance our competitiveness and development perspectives .
Furthermore , Mexico is taking the necessary steps to unleash its full economic potential . For instance , we have set an unprecedented investment plan in infrastructure . Our National Infrastructure Program will channel almost 600 billion dollars from now to 2018 . Since our country has a privileged geographical location , we are determined to use these resources , to consolidate our position as a high-value added global logistics center .
Our National Infrastructure Program will channel almost 600 billion dollars from now to 2018
Thus , Mexico is excited to co-chair the Infrastructure Investment Working Group , along with Indonesia and Germany . We believe the G20 has the required impulse to foster investment in this sector , promote financing to small and medium enterprises , and further enhance global economic development .
We assume this responsibility as an ideal opportunity to face , as a team , the new challenges of a highly interconnected world .
As one of the most open economies , Mexico fully backs the Australian Presidency initiative to hold a Trade Ministerial Meeting . We should continue strengthening this kind of discussions on G20 summits , as a means to attain more stable economic conditions , and especially , to create new employment sources and better paid jobs for our countries .
One of my administration ’ s priorities is achieving a Prosperous and Inclusive Mexico . In that way , we will continue working on improving employment , food security , and financial inclusion levels , particularly for the most vulnerable people . This is why Mexicans welcome recent efforts to incorporate gender equality into G20 discussions and support parallel events to engage nonstate actors , such as the B20 , L20 , Think 20 , Y20 , and Civil 20 .
I believe Australia is playing a remarkable role as G20 Chair , which will certainly lead us to a successful meeting . We must keep walking firmly towards a suitable environment for strong , sustainable , and balanced economic growth . For this reason , it is a pleasure to attend the upcoming Brisbane Summit and be part of the construction of a better future for our 20 societies . ■