The Good News Story out of Mexico: Progress and Stability in an Emerging Market
Increasing investor interest in infrastructure has resulted in the market growing significantly over the past five years, with $110 billion raised globally for infrastructure projects. Case studies on airports, railroads and ports closed the program for the day.
7 February 2011
If you were to survey the international community on the current state of Mexico, you would be hard pressed to find someone unaware of the tensions at the borders and ports. In recent history, staggering setbacks suffered by both the Mexican and U.S. governments in their fight against border and drug related violence have dominated media coverage. Perhaps it’s just a function of the “If it bleeds, it leads” philosophy, but we rarely see positive coverage of our neighbor to the south.
What’s not being covered in the news is the current economic rebound enjoyed here in Mexico. Luckily at the Mexico Investment Summit 2011, held at the JW Marriott in the posh Polanco section of Mexico City last week, the rising economy and investment opportunities are making the front page. This event is the first of its kind, with prominent government officials and 150+ senior executives from the Mexican investment community gathering together to discuss the major topic areas of the day. As a new entrant to the market, opening our Mexican operation early last year, Intralinks joined the conference to discuss how our M&A solutions can streamline and optimize the deal-making process.
This three-day conference was kicked off by chairwoman Christina Kappaz of Cimarron Capital Partners. In her opening remarks, Ms. Kappaz identified key indicators that highlight Mexico’s recent economic growth. She pointed to Mexico’s remarkable jump from rank #51 in 2010 to #35 in 2011 in the Ease of Doing Business Index created by the World Bank. Singapore and Hong Kong top this list, the U.S. ranks #4 and Brazil, the LatAm darling, has not been able to break #127 three years running. Next up were keynotes by the Mexican Secretary of the Interior, José Francisco Blake Mora, and the Undersecretary for International Trade Negotiations, Beatriz Leycegui Gardoqui, who touched on the country’s challenges and opportunities in this economic climate as well as the current and future international trade agreements.
Day two was dedicated to the discussion of infrastructure development. Pablo Rion, CEO of Global M&A Mexico, led the day with keynotes from the Deputy General Director of the Secretariat of Communications and Transport and the General Director of the National Bank of Public Works and Services. In addition, several roundtables discussed the viability of classifying infrastructure as a unique investment class or whether it should be a subset of either real estate or private equity. Increasing investor interest in infrastructure has resulted in the market growing significantly over the past five years, with $110 billion raised globally for infrastructure projects. Case studies on airports, railroads and ports closed the program for the day.
The final day, dedicated to tourism, real estate and energy, was led by Al Samper, former chairman of Virginia Retirement System. The keynote by the Secretary of Tourism, Gloria Guevara Manzo, highlighted the importance of the expansion of tourism in Mexico. The Real Estate section discussed the shortage of Mexican housing and the expansion of the anchor retail model. The conference rounded out with a look at the thriving Mexican mining industry and new opportunities in oil and gas.
If you judged the Mexican Investment Summit, the most important investment headlines of the day are ones of progress and stability in an emerging market. Messages of recession recovery, favorable investment climates and economic growth in the M&A, private equity and venture capital communities abound.
Katherine is a member of the Intralinks Alternative Investments team and proud member of the Intralinks family since 2010. In the past decade, she has held a number of global sales and marketing leadership roles and is taking that collective experience direct to the customer. She is thrilled to be executing on the vision to be the most dynamic force for digital transformation of the global alternative investments ecosystem.