In December 2013, Mexico passed Constitutional amendments to reopen its energy industry after decades of protectionism and stagnation.1 Ernst & Young estimated in 2014 that total investments in Mexico with objectives to increase production, to improve the midstream network, and to promote energy sustainability would cost between US$35 billion and US$100 billion over a…
Tag: Development
The Asian Infrastructure Investment Bank’s Implications on Global Project Finance
Over the past couple months China has made massive strides in the chartering of the Asian Infrastructure Investment Bank (AIIB), and with 50 countries signing up to join the bank in June, the AIIB seems near functional.1 Developed by China as a counter to the Western dominated World Bank and IMF, the stated objective of…