April 6, 2020 / 12:15 AM / 4 months ago

Mexico to help the poor, invest in energy to ease economic pain: president

FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador holds a news conference at the National Palace in Mexico City, Mexico, March 17, 2020. REUTERS/Henry Romero/File Photo

MEXICO CITY (Reuters) - President Andres Manuel Lopez Obrador on Sunday said Mexico’s government will use the budget stabilization fund and cash from various trusts to shield the poor and help the economy weather a sharp coronavirus-driven slowdown.

The government will also next week announce a public investment programe in the energy sector worth 339 billion pesos ($13.5 billion), the president added.

Reporting by Mexico City newsroom; writing by Drazen Jorgic; Editing by Shri Navaratnam

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