World Bank Group President Ajay Banga is visiting Mexico this week, aiming to introduce a new Country Partnership Framework (CPF) that could significantly impact investment and economic growth in the country. This visit marks the first official engagement from the World Bank since 2018, where Banga is engaging with key government officials and private sector leaders to develop the CPF for 2026-2030, aligning it with the Sheinbaum administration’s Plan México economic strategy.
The new CPF prioritizes fewer objectives with increased resources, focusing on enhancing competitiveness, developing human capital, and supporting small and medium-sized enterprises (SMEs). SMEs, which are crucial for job creation, will receive particular attention as discussions explore growth sectors like agriculture and manufacturing. The World Bank intends to strengthen partnerships within Mexico, particularly through its AgriConnect program, which connects smallholder farmers to better resources and markets, thereby fostering job creation and food security.
Banga underscored the need to mobilize private investments to support this growth, stating that the World Bank successfully generated significant private capital directed toward emerging markets last fiscal year. He highlighted aspirations to draw investments into critical areas such as energy and health. The collaboration aims to create customized frameworks that resonate with the specific contexts of Mexico’s economy, encouraging domestic growth and resilience.