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Mexico City Pledges to Fight Gentrification In Protest Aftermath

Mexico City Pledges to Fight Gentrification In Protest Aftermath

Bloomberg3 days ago
Mexico City's government presented a plan to fight gentrification following a recent protest from citizens that accused foreigners moving into the capital of making it more expensive and displacing longtime residents and merchants.
The plan's main goal will be to control rent increases, which will not be allowed to exceed inflation in Latin America's second largest economy, said Mexico City's Mayor Clara Brugada during a press conference on Wednesday. She also promised to protect local merchants with government incentives.
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