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Sheinbaum highlights the increase in the minimum wage and the strengthening of Infonavit: the fund reaches 1.14 trillion pesos

World 2 sources 2 countries 🔦 Under-reported 48m ago

President Claudia Sheinbaum Pardo announced that the Fondo de Vivienda (Infonavit) has reached a total of 1.14 trillion pesos. This financial growth is attributed to the 154 percent increase in the minimum wage implemented since 2018, which has significantly bolstered the institution's capital reserves.

During her address, the president highlighted the correlation between the government's wage policy and the strengthening of national housing finances. The data, provided by the director of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores, serves to underscore the administration's assessment of the economic impact resulting from recent labor reforms.

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Read the full story at the source La Jornada (Mexico City, Mexico) · MX ↗
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