Latin America through the eyes of JP Morgan.
( $USDC )
Eyzaguirre spoke during the annual Council of the Americas (COA) conference in Mexico City, held on May 20, about the challenges and opportunities facing Mexico, but also Latin America.
He pointed out that Latin America is a region with nearly 700 million inhabitants, where the average age is 31 years, making it a relevant market as developed countries age, including China.
Furthermore - he added - Latin America has a strategic location that is 'worth gold' in times of geopolitical risk, as it is a region that is very far from all geopolitical conflicts and has been 'at peace' for decades.
Peace is an asset that has long been taken for granted, but now holds significance among companies, so being in a peaceful region has a strategic value for investors that should not be underestimated.
Geographical proximity to the United States is another undeniable attribute in favor of Latin America, in addition to the fact that the region has 30% of the freshwater resources, 25% of arable and forest land, 20% of the world's proven oil reserves, and has copper, lithium, nickel, and cobalt, critical minerals for the energy transition.
Mexico even has a better position than the rest of the countries in Latin America. Eyzaguirre highlighted that Mexico is the fourteenth largest economy in the world and has a more strategic location by sharing a 3,000-kilometer border with the United States.
He added that the country has an educated workforce, a diversified and consolidated manufacturing base, a relevant infrastructure network, trains, airports, and ports that help position the Mexican economy.