Yellen Sees Women as Necessary to Boost Mexico’s Economic Growth
U.S. Treasury Secretary Janet Yellen emphasizes the vital role of women in boosting Mexico's economy and integrating North American supply chains, particularly amid the trend of companies relocating to the region, during his meeting with young Mexican students.
06/12/2023.- United States Secretary of the Treasury, Janet Yellen, speaks during a meeting with economics students and economists today in Mexico City (Mexico). EFE/José Méndez
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Leer en español: Yellen ve necesarias a las mujeres para impulsar el crecimiento económico de México
Key Women for Economic Growth
Women are necessary to boost the growth of the Mexican economy and the integration of North American supply chains, amid the phenomenon of companies relocating to the region, said Janet Yellen, Secretary of the United States Treasury, this Wednesday.
In a meeting with young Mexican students, the US official recalled that the relationship between Mexico and the United States is strong and recognized the deep binational integration.
He added that the United States sees many opportunities for greater integration that can boost the growth of the Mexican economy from what has been called 'nearshoring'.
Key Women for Economic Growth
“Making the most of these opportunities requires a strong enabling environment for the private sector and will be driven by the full and equal participation of women in the economy,” she said.
Yellen also acknowledged that both nations are working hard to diversify supply chains in North America by deepening ties with trusted partners and allies.
In addition, she recalled that she has been the first woman at a table on many occasions, which is why she applauded the broad participation of young Mexican women in the meeting she held with the Governor of the Bank of Mexico, Victoria Ceja in Mexico City.
In this sense, she highlighted that the representation of women has advanced, although she also accepted that there is still a way to go for women.
“This is something that needs to change. “It has changed a little bit, but I think we have further to go and there are legal, cultural, and, in some cases, regulatory barriers that prevent women from fully participating,” she said.
Meanwhile, the Governor of Banxico pointed out that in Mexico new generations of Mexican women are being created who will soon occupy the main positions in the Mexican Government.
Advances and Challenges for Women
“I see in you a new generation of women who, soon, will occupy important spaces, both in the public and private sectors,” she told the Mexicans present at her meeting with the US Treasury Secretary.
In addition, she stressed that this new generation of women will serve as an example for more Mexican girls and women.
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Meanwhile, he explained that the Mexico-U.S. relationship They have been characterized over two centuries by their close ties, which encompass multiple dimensions.
Yellen's visit to Mexico will last until tomorrow, Thursday, and includes meetings with Mexican President Andrés Manuel López Obrador and private sector leaders with the main objective of strengthening collaboration between the United States and Mexico in the fight against fentanyl and illicit finance.
