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<br />OOll~56 <br /> <br />. <br /> <br />our Presidents know from their own <br />experience as businessmen and governors, <br />U.S. and Mexican businesses already are <br />working together to build long-term <br />relationships in Mexico, invest in Mexican <br />infrastructure, and make philanthropic. <br />contributions that reflect our shared values. <br />Accordingly, our Presidents. directed the <br />Partnership to forge a public,.private alliance <br />and "harness the power of free markets to. <br />boost the social and economic well being of <br />citizens, particularly in regions where <br />economic growth has lagged and. fueled <br />migration." <br /> <br />. <br /> <br />The Partnership called. on . the expertise of. <br />more than 100 U.S. and Mexican business <br />leaders, government officials and academics <br />in two conferences - one held in Merida, <br />Mexico, in December 2001 and the other in <br />Washington,D.C., in February 2002. At the <br />conferences, we identified several <br />overarching strategies as fundamental to the. <br />Partnership's. success. . Implementation of <br />. these strategies.. forms the basis for this <br />report: expanding and broadening access to <br />capital; sharing best practices and technical <br />expertise; linking institutions with shared <br />goals; and building capacity for future <br />growth. <br /> <br />Drawmg on the .best ideas from these <br />conferences, . we present a concrete, <br />innovative action plan, designed to turn the <br />vision of the Presidents into reality. We <br />recognize that the Partnership's goals will <br /> <br />"Growth is the outcome of millions of <br />independent decisions of people seeking, in <br />a competitive environment, to improve their <br />personal welfare. " <br /> <br />Francisco Oil Diaz <br />Secretary of Finance <br />Mexico <br /> <br />not be achieved overnight, but we believe <br />these initial steps will. build a strong <br />foundation for long-term progress. To <br />ensure that the Partnership continues to be <br />dynamic and productive, we will monitor <br />results. using a management scorecard that <br />will track how well the Partnership is <br />fulfilling the vision and meeting its goals. <br />While there will be other measures, <br />productivity gains will be the cornerstone of <br />how we will measure success. <br /> <br />"If we are to accomplish our goal of raising <br />living standards around the world, we must <br />focus intently and solely on projects that <br />raise productivity. So, here is our <br />approach: In the case of each new loan, . <br />each new grant, each new project, each new <br />program, we need to ask:'How is this flow <br />of funds going to raise productivity or raise <br />income per capita?'" <br /> <br />Paul O'Neill <br />Secretary of the Treasury <br />United States of America <br /> <br />Representing the Partnership for Prosperity: <br /> <br />. Agustin Carstens, Deputy Secretary of Alan Larson, Under Secretary of State, <br />Finance and Public Credit, Mexico United States of America <br /> <br />Kenneth Dam, Deputy Secretary of the . Eduardo Sojo, Chief, Presidential Office of <br />Treasury, United States of America . Public Policy, Mexico <br /> <br />Miguel.Hakim, Under Secretary of Foreign <br />Affairs,. Mexico <br /> <br />. <br /> <br />.. <br /> <br />2 <br />