The annual World Economic Forum, held in Davos, Switzerland, from Jan. 19 to 23, provides world leaders, business executives and academics the opportunity to discuss critical global economic and political issues.

▶️ En el primer día del @wef_es, la secretaria @aliciabarcena destacó que México avanza con decisión hacia la conservación del 30% del territorio para 2030, impulsando la transición energética y una economía circular que deja atrás el modelo lineal.

♻️ “Los residuos pueden… pic.twitter.com/bJxwhRU44f

— SEMARNAT México (@SEMARNAT_mx) January 21, 2026

Alongside Bárcena, the coordinator of the Advisory Council for Economic and Regional Development and Relocation, Altagracia Gómez Sierra, is attending Davos, as well as several Mexican business leaders. 

Gómez Sierra will participate in a public panel dedicated to regional economic growth.

Bárcena, who heads Mexico’s Environment and Natural Resources Ministry (Semarnat), is scheduled to participate in four sessions at Davos — an open forum on climate resilience and security; industrial decarbonization as a growth strategy; opportunities in the ocean economy; and a new agreement on plastics.

She has attended several Davos Forums in the past, previously representing former President Andrés Manuel López Obrador. She is one of several Latin American leaders attending this year, including Javier Milei of Argentina, Gustavo Petro of Colombia and Daniel Noboa of Ecuador.

Bárcena calls for faster progress on climate change

While this year’s summit has been marked by tension between U.S. President Donald Trump and his country’s European allies, Bárcena’s focus has been firmly fixed on environmental issues. In the first days of the forum, she called for the acceleration of a green energy transition and the expansion of the circular economy, stressing that current efforts are not enough to tackle the global climate crisis.

“We have an urgent need to move faster and on a larger scale,” said Bárcena.“The scale at which we are currently working is insufficient, and here in Davos, I am trying to ensure that I find companies capable of accelerating the process quickly.”

Bárcena told delegates that Mexico is currently working towards achieving net-zero carbon emissions, although it relies heavily on fossil fuels. 

“All societies need to decarbonize, and there are many ways to do so,” she said. “Of course, one is to eliminate fossil fuels, but a country like mine is probably not ready for that yet, although we are committed to doing so in the future and becoming a net-zero emissions country.”

The minister said that Mexico is currently developing three circular economy parks — for the reuse of tires, construction waste, solid waste and plastics — to reduce the impact on the environment and generate new value chains. 

Finally, Bárcena reiterated that Mexico is looking to establish partnerships with international companies and stakeholders to accelerate the country’s energy transition and strengthen circular economy projects.

With reports from El Economista, La Jornada and W radio

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The 29th PwC Global CEO Survey, unveiled at the World Economic Forum taking place in Davos, Switzerland, this week, gathered responses from 4,454 CEOs across 95 countries, including Mexico, between Sept. 30 and Nov. 10, 2025. 

The United States has actually become more popular among global CEOs as a destination for international investment, despite Trump’s interventions, acc to PwC’s CEO survey. pic.twitter.com/iRicsqoVWT

— Holger Zschaepitz (@Schuldensuehner) January 19, 2026

The CEOs’ input revealed a more somber mood than last year. A noteworthy 30% of respondents were less optimistic about business opportunities in 2026. Just over half of CEOs plan to make international investments in 2026, at 51%. 

They were asked which three countries or territories, excluding their own, would receive the greatest proportion of capital expenditure from their company in the next 12 months.

The United States came out on top for investor preference, with 35% of CEOs placing it in the top three countries that will receive the highest proportion of their investment. 

Here are PwC’s top 10 global investment destinations: 

For 2026 

1. United States: 35%
2. Germany: 13%
3. India: 13%
4. United Kingdom: 13%
5. China: 11%
6. United Arab Emirates: 8%
7. Saudi Arabia: 7%
8. France: 7%
9. Spain: 6%
10. Singapore: 6%

For comparison, here are last year’s rankings:

For 2025

1. United States: 30%
2. United Kingdom: 14%
3. Germany: 12%
4. China: 9%
5. India: 7%
6. France: 7%
7. United Arab Emirates: 6%
8. Australia: 5%
9. Singapore: 5%
10. Mexico: 5%

While the launch of the Plan México national investment strategy in January 2025 was expected to attract more investors to Mexico, the introduction of U.S. tariffs on Mexico and other countries drove up investor uncertainty in 2025. 

In 2026, CEOs are more concerned about the potential impact of tariffs, as 20% of CEOs thought their companies would be highly exposed to the risk of significant losses due to tariffs over the next year. 

The three primary concerns for participants were economic volatility (31%), technological disruption (24%) and geopolitics (23%). Almost one-third said that geopolitical uncertainty is making them less likely to make large new investments.

Many CEOs viewed reinvention as a growth strategy, with 42% of respondents saying their company had begun competing in new sectors over the past five years. Meanwhile, 44% expect to invest outside their current industry, with technology being the most attractive sector.

With reports from El Economista

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In its outlook for G-20 economies, the IMF predicted that Mexico’s GDP would improve this year thanks to the gradual easing of monetary policy and a “broadly neutral” fiscal policy, according to the IMF’s Deputy Economic Studies Director Petya Koeva.

The global economy has proved surprisingly resilient, says Petya Koeva Brooks, the Deputy Director of IMF at the annual World Economic Forum.

The IMF has upgraded their forecast to 3.3% growth this year, but say that opposing forces are at play such as trade and policy… pic.twitter.com/oV03Bv9na0

— CGTN Europe (@CGTNEurope) January 19, 2026

The agency’s forecast is higher than that of other financial institutions, with the most recent Citi survey, for example, putting Mexico’s growth outlook at 0.3% for 2025 and 1.3% for 2026. 

Mexico’s GDP growth was revised down in 2025 due to the tightening of fiscal policy, the level of monetary restriction, and “headwinds from trade tensions,” Koeava said during the Outlook presentation. 

The final GDP figure for 2025 will be published in mid-February, with Mexico’s National Institute of Statistics and Geography (INEGI) expected to release a preliminary estimate on Jan. 30. 

The IMF expects Mexico’s economy to improve in 2027, with a growth forecast of 2.1%, which would be the highest growth rate in three years.

The global forecast is 3.3%

On a global scale, economic growth is expected to reach 3.3% this year and 3.2% in 2027. The main threat to this growth would be  an escalation of geopolitical tension accompanied by higher tariffs, according to the IMF’s Chief Economist, Pierre-Olivier Gourinchas.

“This steady performance on the surface results from the balancing of divergent forces,” the IMF report states. “Headwinds from shifting trade policies are offset by tailwinds from surging investment related to technology, including artificial intelligence (AI), more so in North America and Asia than in other regions, as well as fiscal and monetary support, broadly accommodative financial conditions, and adaptability of the private sector.”

 The IMF predicts that GDP growth in the United States will rise to 2.4% in 2026, compared to an estimated 2.1% last year, before falling to 2% growth in 2027, which would be its lowest figure in four years. 

Latin America and the Caribbean are expected to achieve moderate growth of 2.2% in 2026 and 2.7% in 2027. However, economic growth in Mexico and Brazil, the region’s two biggest economies, is expected to be lower than the regional average, with Brazil achieving an estimated 1.6% GDP growth in 2026.

The escalation of geopolitical tensions in Latin America, as well as other regions of the world, could lead to greater economic uncertainty and trigger substantial negative supply shocks, according to the IMF outlook. 

With reports from El Economista and Bloomberg Línea

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According to the World Bank’s semi-annual Global Economic Prospects report released on Tuesday, the lower forecast is largely owing to the upcoming review of the USMCA free-trade agreement, which puts its trade with the U.S. under threat.

On a global level, the World Bank expects output growth to slow slightly to 2.6% in 2026, compared to 2.7% in 2025, but shows resilience by rising back up to 2.7% in 2027.

The organization revised its 2026 GDP forecast upwards by two-tenths of a percentage point from June estimations, which still puts it in the slowing category, since the final 2025 growth will be four-tenths of a percentage point higher than previous forecasts. 

The recent global improvement reflects better-than-expected growth in the United States despite tariff-driven trade disruptions, according to the World Bank. It expects the U.S. to achieve a GDP growth of 2.2% in 2026, an improvement on its 2.1% in 2025. 

Nevertheless, the sum of the forecasts implies that the current decade is performing weakly and could end with the slowest global growth since the 1960s. That possibility carries with it real-world pain, with higher levels of unemployment in emerging markets and developing countries, according to the World Bank.

World Bank ups growth forecast for Mexico and Latin America

Global GDP per person in 2025 was 10% higher than it was on the eve of the COVID-19 pandemic, the World Bank’s chief economist, Indermit Gill, said in a statement. This marks the fastest recovery from a major crisis in the past 60 years. 

However, many developing countries are being left behind. 

“While nearly all advanced economies will be richer in per capita income than they were before the pandemic, one out of four developing countries — and more than a third of all low-income economies — will be poorer than they were five years ago,” stressed Gill in his own italics.  

Even though growth in emerging markets and ⁠developing economies is forecast to decrease from 4.2% in 2025 to 4% in 2026, those percentages mark a two-tenths and three-tenths of a percentage point increase from June forecasts. 

Meanwhile, China’s economic growth rate forecast for 2026 remains unchanged from 2025, at 3.7%, according to the World Bank. 

With reports from Reuters, El Economista and Proceso

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This year, CPAC and the organization México Republicano (Republican Mexico) are holding a summit entitled “Mexico Facing the Fentanyl Crisis and Narcoterrorism” on Feb. 5 and 6, with the hopes of attracting a large audience of Mexican and U.S. politicians.  

The group has sent invitations to U.S. government officials, including Secretary of Homeland Security Kristi Noem, Attorney General Pam Bondi and Secretary of State Marco Rubio, among others.  

CPAC was founded in the United States five decades ago and rose to greater prominence in the 2010s when Donald Trump gave a speech that helped launch his political career. 

The conference brings together right-wing ideologues and has attracted several Latin American and European far-right political attendees in the past, such as Argentine President Javier Milei and Italian Prime Minister Giorgia Meloni. Its influence in Mexico, while growing, remains confined to a small circle of right-wing voices rather than a broader movement.

Representatives from Mexico’s PRI and PAN parties have confirmed their attendance, alongside former governors from northern Mexico, federal and state legislators and leaders of conservative political parties and civil society organizations.

The conference is taking place at a defining moment for the U.S.-Mexico relationship, given the United States’ recent intervention in Venezuela and the upcoming renegotiation of the USMCA free trade agreement.

Is México Republicano an official party in Mexico?

México Republicano, a far-right organization that openly promotes Trumpist ideology, has been working to become a formally recognized political party since 2023. 

Its membership has long been a close supporter of CPAC, and, in November, the group received CPAC’s endorsement during the Circle Retreat and Gala CPAC 2025 at Donald Trump’s Mar-a-Lago mansion in Florida.

In November, México Republicano’s president, Juan Iván Peña Nader — a former functionary during the government of Felipe Calderón — said the organization was working against the clock to hold the required assemblies to move forward with its party registration. 

“They require 20 assemblies: we’re going to do 25… We have until the last day of February,” Peña Nader told the newspaper Milenio.  

The move follows the resignation of former governor Juan Manuel Oliva Ramírez as the organization’s secretary.  

Upon Oliva’s departure, he reportedly told newspapers that the organization lacked the financial resources required to advance its political ambitions.  

Peña Nader responded to his claims by saying México Republicano “has sufficient funds to organize what it needs to organize.”  

“The issue is how much and how to spend it. It’s very expensive and very complicated; we have to make specific, effective moves,” he added.  

Another ultraconservative organization in northern Mexico, “México Tiene Vida” (“Mexico Has Life”) — commonly referred to as Vida — recently reported it was close to achieving the thresholds required to earn formal recognition as a national political party, with a reported 220,000 people registered with the organization. 

With reports from Milenio and Proceso

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Though few in number, the group is a strong demonstration considering Mexico’s geographical and infrastructural limitations for winter sports training.

This year’s winter Olympics will include a wide variety of events, including various skiing competitions, snowboarding, figure and speed skating, ice hockey, curling and bobsleighing. 

Mexican figure skater Donovan Carrillo, 26, qualified for the games because of his strong international ranking — 46th in the world — and by meeting the minimum technical scores required by the International Skating Union (ISU) in championship competitions. 

Carrillo previously participated in Beijing 2022 as the first Mexican male figure skater in 30 years to compete at the Olympic Winter Games and the first ever to qualify for the free skate. 

Both Allan Corona, 35, and Regina Martínez, 32, will participate in the cross-country skiing competition, having accumulated sufficient International Ski Federation (FIS) competition points. 

For Martínez, an emergency room doctor working in Miami, Florida, competing in Milan-Cortina marks a major milestone as she only just began her professional skiing career four years ago. She will soon make history as the first woman to represent Mexico in the cross-country skiing competition.

 

View this post on Instagram

 

A post shared by Regina Martinez (@doctor_regina)

Meanwhile, Sarah Schleper, who started her Olympic career skiing for the United States in 1998, will make her seventh Olympic appearance in the alpine ski competition.

Schleper initially retired in December 2011 but came back to the sport in June 2014 to represent Mexico after her marriage to a Mexican citizen. She has been representing Mexico in the Olympics since 2018.

Mexico’s President Claudia Sheinbaum led the flag-bearing ceremony for the Mexican delegation following her daily press conference on Monday, which the National Commission for Physical Culture and Sport’s head, Rommel Pacheco, the Public Education Minister, Mario Delgado, and the president of the Mexican Olympic Committee, Mary José Alcalá, all attended. 

“I entrust this flag to your patriotism, a flag that symbolizes our independence, sovereignty, honor, and institutions. It represents our people and the integrity of our territory. Do you pledge to honor and defend it with loyalty and justice?” Sheinbaum asked the four athletes upon presenting the Mexican flag to the delegation.  

“May your example inspire millions of Mexicans to believe in the power of sport and the power of our dreams,” continued Sheinbaum. “Congratulations, and we wish you continued success.”

The athletes were also presented with the official team jacket for the Milan Games. 

How to watch the games

The Milan Winter Olympics will be broadcast on Claro Sports in Mexico, following an agreement between the International Olympic Committee, América Móvil and Televisa Univision. 

With reports from Infobae and Reporte Indigo

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The basic food basket contains 24 products considered essential for Mexican households, such as oil, rice, tuna, sugar, meat, onions, beans, eggs, tomatoes, milk, white bread, potatoes, whole chicken and tortillas, as well as soap and toilet paper. 

In urban areas, the basic food basket currently costs approximately 2,467.15 pesos per month vs. 1,854.39 pesos per month in rural areas.

Prices for food and other goods and services increased by 177.98 pesos (US $9.90) in urban regions of Mexico and by 116.89 pesos ($6.50) in rural areas on average over the course of the past year.

Outside the basic basket, personal care products and public transportation saw the biggest price increase in rural areas, rising by 6.2% and 6.6% annually, respectively. Meanwhile, in urban areas, there were significant cost increases associated with education, culture, recreation and personal care.

The price of Mexico’s basic food basket varies significantly according to region, with one of the most expensive cities being San Luis Potosí in the Bajío region, according to the Federal Consumer Protection Agency (Profeco).

Profeco’s “Who’s Who in Consumer Prices” platform shows that one Walmart supermarket in San Luis Potosí was charging 903.30 pesos ($50.30) for the basic basket, just below a Soriana supermarket store in the northern state of Durango, where it cost 939.79 pesos ($52.40).

Meanwhile, the lowest-priced basic basket was found in the northeastern border state of Tamaulipas, in a Chedraui store, at 784.70 pesos ($43.80), showing just how much basic food prices can vary by region.

Profeco reminded consumers that food prices are not static and can vary depending on several factors, such as supermarket operating costs, supply and demand and the conditions of fruit and vegetable harvests. 

The agency urged the public to regularly consult its digital platform to compare prices to ensure they are making informed purchases.

With reports from La Jornada and El Universal

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Mexico was estimated to have sent a daily average of 12,284 barrels of oil to Cuba in 2025, contributing 44% of the Caribbean island’s crude imports, while Venezuela exported an estimated 9,528 barrels per day (bpd) of oil to Cuba, accounting for 34% of its imported crude.

“… #Venezuela, long the biggest supplier to #Cuba, exported 9,528 bpd or 34%. Its exports to Cuba last year, similar to their 2024 level, were 63% lower than in 2023… Mexican #oil #exports to the US… almost halved from June 2023 to October 2025…”🤔 https://t.co/gRuHC47ihZ pic.twitter.com/ACaTh7O8QZ

— Mark Warner (@MAAWLAW) January 6, 2026

That 10 percentage-point difference supports the Financial Times conclusion that Mexico is now the No. 1 exporter of oil to Cuba, with Russia a distant third.

But as Sheinbaum hinted, the 56% rise in Mexican shipments to Cuba in 2025 compared to 2024 would not have been nearly enough to overtake the South American nation if Venezuela’s exports to Cuba had not fallen by 63% since 2023.

During the last two years of the López Obrador administration, Mexico’s state-owned oil firm Petróleos Mexicanos (Pemex) subsidized the shipment of at least 10 million barrels of oil to Cuba, according to a December report from the non-profit Mexicans Against Corruption and Impunity.

Between July 2023 and September 2024, Pemex shipped crude oil and refined products to Cuba worth approximately 15.6 billion pesos (US $869 million) through its Gasolinas Bienestar SA de CV subsidiary, the company stated in reports submitted to investors on the Mexican Stock Exchange. 

In her daily press conference on Wednesday, President Sheinbaum said, “We are not sending more oil than we have historically,” and added, “Of course, with the current situation in Venezuela, Mexico has obviously become an important supplier. Before, it was Venezuela.” 

When asked if Mexico would supply a larger quantity of crude oil to Cuba now, given the U.S. embargo on Venezuela, Sheinbaum would only say that part of what is sent “is by contract, and also the aid that has been provided historically.”

The Trump administration, however, has made it clear that any oil shipments to Cuba defy his demand that Mexico and other Latin American nations play a “constructive regional role aligned with U.S. foreign policy goals.” They become, then, another pretext for the U.S. president’s escalating threats against Mexico.

With reports from Aristegui Noticias and El Economista

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The quake damaged two major water systems, leaving operational only one of the three water intake and pumping systems supplying Acapulco with drinking water: the Papagayo 1 system. Papagayo 2, which supplies most of the city’s water, suffered a collapse in a section of its pipeline during the earthquake, preventing water from being sent to Acapulco from the Papagayo River.

Antonio Lorenzo Rojas Marcial, director of the Acapulco Municipal Water and Sewerage Commission (CAPAMA), said that the organization was working at full speed to restore water to the city of 800,000, with most water services expected to be restored by Jan. 12.

The earthquake also disrupted the electrical system, resulting in fires in the south and north wells of the Lomas de Chapultepec aqueduct, as well as damage to equipment, including the starters and the transformer. This is expected to take longer to fix as it requires specialist parts.

CAPAMA plans to temporarily provide water by establishing a bypass or connection at the Puerto Marqués water treatment plant once the Papagayo 2 system is repaired.

Mayor Abelina López told residents that the drinking water supply is already stable in the tourist zone and some neighborhoods of the port city that receive their water from the Papagayo I system. 

“I want to emphasize that, given our prompt attention to these issues, the drinking water supply to the tourist zone was restored on Saturday,” Mayor López said.

CAPAMA is thought to be working in coordination with the National Water Commission (Conagua) to repair the damage, although no state or federal government representatives joined Mayor López or CAPAMA directors at a press conference held at the Playa Suites Hotel in the Golden Zone on Monday to provide an update on the situation.

With reports from Milenio and La Jornada

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An anticipated 2.4 billion pesos (US $133.6 million) will be invested in the dam’s development between 2025 and 2027. El Novillo is expected to supply around 53 liters of water per second once operational, providing water to around 250,000 residents. The project will also generate roughly 700 direct and 1,400 indirect jobs.

In addition to the dam, there are plans to develop a 15-kilometer aqueduct and elevated tanks to transport stored water to the distribution systems that supply the urban area of La Paz, explained the Director of the National Water Commission’s (Conagua) Efraín Morales López.  

The Governor of Baja California Sur, Víctor Manuel Castro Cosío, said the dam is the first hydraulic project of this magnitude to be undertaken in the state in over 30 years. He suggested that the dam be named “La Mujer Perseverante” (The Persevering Woman). 

Baja California Sur has experienced significant population growth in recent years, while access to water has remained challenging due to the region’s desert climate. 

The project is expected to enhance self-sufficiency and boost long-term water security, while mitigating dependence on other, more vulnerable sources.

As Mexico’s construction sector declines, these states are bucking the trend with positive results

The dam is part of larger efforts by the government to strengthen water resilience in one of the most water-stressed areas in Mexico. It will be publicly financed, and construction will be overseen by Conagua.  

The Baja Sur investment forms part of plans for broader federal financing of strategic infrastructure by 2026, much of which is aimed at enhancing water security, to support regional wellbeing and economic growth.   

With reports from Eje Central

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