US EditionNew Law Does Not Oblige Afore to Invest in Government Works
4 Articles
4 Articles
The recent passage in the Senate of the Law for the Promotion of Investment in Strategic Infrastructure for Welfare Development has raised questions about a possible targeted use of the resources of withdrawal fund managers (Afore) to government projects. However, the legislation does not modify the current investment regime nor establishes an obligation for these institutions to allocate a specific percentage of workers' savings to public works.
Mexico City, April 9. The recent passage in the Senate of the Law for the Promotion of Investment in Strategic Infrastructure for Welfare Development has generated questions about a possible targeted use of the resources of the retirement fund managers (Afore) towards government projects. However, the legislation does not modify the current investment regime or establish an obligation for these institutions to allocate a specific percentage of w…
After the approval of the Chamber of Deputies on March 26, the Senate passed this evening the "Law for the Promotion of Investment in Strategic Infrastructure." With this measure, the government will be able to dispose of the resources of the Afores to finance public works marked by their opacity and lack of utility. The workers' money will now serve to anchor the projects of the State.
On March 26, the Chamber of Deputies passed the Law for the Promotion of Investment in Strategic Infrastructure with which the government will be allowed to take the money from the building grounds. The Senate passed that law tonight.
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