The Mexican Ministry of Finance and Public Credit has announced the allocation of 5,229 million pesos for infrastructure projects in the southeastern region of the country, a response to what the government describes as a 'market failure' that has limited access to financing. This funding is being channeled through development banks aimed at municipalities and local governmental entities to support the construction of critical projects such as railways and roads.

Rogelio Mauricio Rivero Márquez, head of the Development Banking Unit at the Ministry, explained during a conference at the College of Civil Engineers of Mexico that this funding addresses areas where there is a lack of financing from commercial banks. The objective is to improve infrastructure in historically underserved regions, thereby potentially boosting economic activity and providing residents with better access to services and opportunities.

The government's initiative not only aims at infrastructure enhancement but also highlights ongoing efforts to tackle socio-economic disparities within Mexico, particularly in areas that have suffered from long-term neglect. By investing in infrastructure, the government hopes to stimulate growth, attract further investment, and ultimately improve quality of life for the local populations affected by previous 'market failures.'