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Coparmex

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uuid0009a5h

Namestring
Coparmex
Legal namestring
Confederación Patronal de la República Mexicana
Websiteurl
coparmex.org.mx
Company typeenum
Private
Founded yearint
1929
Descriptiontext

Coparmex (Confederación Patronal de la República Mexicana) is Mexico's largest private-sector employer confederation, founded in 1929 and headquartered in Mexico City. It is a membership-based organization representing Mexican businesses across manufacturing, services, and retail, with a particular focus on micro, small, and medium enterprises (MiPyMEs). The confederation operates through a federated structure of 36 federaciones and 270 centros empresariales providing local representation across all Mexican states, governed by a National Board (Consejo Nacional Directivo) under National President Juan José Sierra Álvarez. Its core functional mandate is advocacy: unified employer voice in policy and social dialogue, international representation at forums such as the ILO, and promotion of trade and investment conditions for the private sector.

Coparmex monetizes through membership dues and an integrated platform of member services and products. Core offerings include Data Coparmex, an economic intelligence and regulatory-alert publishing platform; the MDI (Modelo de Desarrollo Integral) strategic policy-reform agenda; the annual Encuentro Nacional and Juntas Nacionales business conventions; the Becas Coparmex scholarship program; representation seats (Sillas de Representación) on national councils; the FIIE strategic research and investment fund; Crece Tu Negocio, a digital SME growth platform; the Dices México business directory and services marketplace; and the Bolsa de Trabajo job board. Pricing and membership-fee schedules are not publicly disclosed. The confederation is actively pursuing international partnerships (FADE in Spain, EU trade forums, ILO engagement) and USMCA review advocacy, while domestic headwinds include declining member business confidence (39.5%) and high exposure to crime (46.8% of member companies affected).

Short descriptiontext

Coparmex is Mexico's largest private-sector employer confederation, representing member businesses—primarily MiPyMEs—through 36 federations and 270 local business centers, delivering advocacy, policy representation, economic intelligence, and member services domestically and abroad.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMexico City, Mexico
HQ citystring
Mexico City
HQ countrystring
Mexico
HQ regionstring
Latin America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
employer confederation, business advocacy, policy representation, trade association, member services
NAICS code1 code
  • Business Associations813910
SIC code1 code
  • Services-Membership Organizations8600
Product category
Employer Confederation and Business Advocacy Services
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Coparmex is Mexico's largest private-sector employers' confederation, providing unified advocacy and representation for member companies before government, multilateral bodies, and international forums. Through a federated structure of 36 state federations and 270 local business centers, it delivers member services including policy advocacy, social dialogue representation (e.g., at the ILO), economic intelligence via Data Coparmex, business conventions (Juntas Nacionales, Encuentro Nacional), SME growth programs, scholarships, and a job board.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 69% surge in Spain's investment to more than €3 billion in 2024 under the collaboration framework
+1 more record
Product overview1 text field

COPARMEX (Confederación Patronal de la República Mexicana) is Mexico's largest private sector employers' confederation offering an integrated platform of advocacy, research, and member services. The organization provides Data Coparmex for economic intelligence and monitoring, the MDI (Modelo de Desarrollo Integral) strategic agenda for policy reform proposals, and annual national conventions (Juntas Nacionales and Encuentro Nacional). Supporting services include scholarship programs (Becas), representation seats in national councils, the FIIE strategic research fund, business growth programs (Crece Tu Negocio), a job board (Bolsa de Trabajo), and the Dices business directory. The confederation operates through federations and local business centers across Mexico's 36 states, advocating for legal certainty, economic growth, and private sector development through institutional social dialogue and international partnerships.

Product and service10 records
1Data Coparmex
CategoryBusiness Intelligence / Economic Data
Description

A data intelligence platform that monitors and publishes economic indicators, regulatory alerts, business statistics, investment sentiment, formal employment, security metrics, corruption data, and regulatory costs for member companies.

2MDI (Modelo de Desarrollo Integral)
CategoryPolicy Reform Agenda
Description

A strategic policy agenda platform covering economic development proposals including the Manifiesto MX policy reform initiative, Independent Fiscal Council proposals, and New Salary Culture recommendations.

3Juntas Nacionales
CategoryEvents / Member Conventions
Description

Annual national business conventions bringing together COPARMEX members, leaders, and stakeholders to discuss strategic priorities for Mexican business development.

4Becas COPARMEX
CategoryMember Benefits / Education
Description

Scholarship program providing educational opportunities and professional development support for COPARMEX members and their families.

5Sillas de Representación
CategoryGovernance Representation
Description

Representation seats program enabling COPARMEX participation in national councils including the Consejo Nacional Directivo and Executive Commission.

6FIIE - Fondo de Investigación e Inversión Estratégica
CategoryStrategic Research Fund
Description

Strategic research and investment fund operating under COPARMEX to support economic studies and strategic initiatives for Mexican competitiveness.

7Encuentro Nacional Coparmex
CategoryFlagship Annual Event
Description

Flagship annual national event bringing together business leaders to discuss economic development, innovation, and competitiveness strategies for Mexico.

8Crece Tu Negocio
CategorySME Growth Program
Description

Business growth program and digital platform offering guidance and resources for SME development and expansion.

9Dices México
CategoryBusiness Directory
Description

Business directory and services platform connecting COPARMEX member companies with business opportunities.

10Bolsa de Trabajo COPARMEX
CategoryEmployment Exchange
Description

Job board and labor exchange platform facilitating employment matching between COPARMEX member companies and job seekers.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-17
Description

EU is Mexico's third-largest trading partner and second-largest source of foreign investment, with bilateral trade surpassing €86 billion in 2025 and accumulated EU investment exceeding €200 billion. The modernized Mexico-EU Global Agreement is expected to eliminate tariffs on nearly 98% of products traded between Mexico and the European Union, benefiting sectors including agribusiness, manufacturing, automotive, pharmaceuticals, medical devices, technology, and industrial services.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-24
Description

Coparmex signed a collaboration agreement with Spain's Asturian Federation of Entrepreneurs to promote investment, facilitate strategic information exchange, and expand bilateral business opportunities across industry, energy, innovation, and logistics sectors. The agreement establishes mechanisms for bilateral meetings, trade missions, and joint projects, reflecting growing European interest in Mexico's nearshoring advantages and industrial base.

Strategic tierRegionalTypeStrategic or Co-development Partner
Description

The government of Puebla and COPARMEX strengthened collaboration to promote investment, improve security, and expand formal employment, with business leaders emphasizing legal certainty and regulatory stability as prerequisites for deploying capital.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Mexico through COPARMEX presented social dialogue as a competitive advantage tool at the 114th International Labour Organization Conference in Geneva, showcasing the Consejo Social, Económico y Ambiental (CONSEA) as evidence of successful employer-worker collaboration. Meetings were held with ILO Director General Gilbert Houngbo, International Organization of Employers leadership, and representatives from Chile, Argentina, Colombia, and T-MEC partners.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Confederation of national chambers of commerce, services and tourism in Mexico; comparable peer as a national private-sector confederation providing advocacy and member services to Mexican businesses.

TypeDirect peer
Description

Mexico's umbrella business council coordinating the major private-sector confederations including Coparmex; comparable as the apex body of Mexican employer representation and policy advocacy.

TypeDirect peer
Description

Mexico's confederation of industrial chambers; directly comparable to Coparmex as another major private-sector business advocacy body operating at the national level with member chambers and policy representation.

TypeBroad incumbent
Description

Spain's largest employer confederation and the counterpart that Coparmex engaged through the FADE partnership; comparable as an established European employer confederation offering similar advocacy, representation, and member services.

TypeBroad incumbent
Description

France's principal employer federation; comparable as a large, established national employer confederation engaged in social dialogue, ILO participation, and policy advocacy.

TypeBroad incumbent
Description

America's largest business federation; comparable as a national employer and business advocacy organization representing a broad membership base in policy and trade discussions.

TypeBroad incumbent
Description

U.S. association of major corporate CEOs advocating for pro-business policy; comparable as a high-level employer advocacy body influencing trade, labor, and regulatory policy.

TypeOthers
Description

The global umbrella body for employer confederations that Coparmex engages with at the ILO; comparable as the international coordinating network for employer organizations and social dialogue.

9Canadian Chamber of Commerce
TypeBroad incumbent
Description

Canada's largest business association; comparable as a national employer advocacy organization engaged in trade policy (relevant to USMCA discussions) and broad SME support.

TypeDirect peer
Description

Mexico's business coordinating council for foreign trade, investment, and technology; comparable peer focused on trade advocacy and international business representation in Mexico, overlapping with Coparmex's EU and USMCA engagement.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Coparmex

Employer Confederation and Business Advocacy Servicescoparmex.org.mx

Coparmex is Mexico's largest private-sector employer confederation, representing member businesses—primarily MiPyMEs—through 36 federations and 270 local business centers, delivering advocacy, policy representation, economic intelligence, and member services domestically and abroad.

What Coparmex does

Coparmex (Confederación Patronal de la República Mexicana) is Mexico's largest private-sector employer confederation, founded in 1929 and headquartered in Mexico City. It is a membership-based organization representing Mexican businesses across manufacturing, services, and retail, with a particular focus on micro, small, and medium enterprises (MiPyMEs). The confederation operates through a federated structure of 36 federaciones and 270 centros empresariales providing local representation across all Mexican states, governed by a National Board (Consejo Nacional Directivo) under National President Juan José Sierra Álvarez. Its core functional mandate is advocacy: unified employer voice in policy and social dialogue, international representation at forums such as the ILO, and promotion of trade and investment conditions for the private sector.

Coparmex monetizes through membership dues and an integrated platform of member services and products. Core offerings include Data Coparmex, an economic intelligence and regulatory-alert publishing platform; the MDI (Modelo de Desarrollo Integral) strategic policy-reform agenda; the annual Encuentro Nacional and Juntas Nacionales business conventions; the Becas Coparmex scholarship program; representation seats (Sillas de Representación) on national councils; the FIIE strategic research and investment fund; Crece Tu Negocio, a digital SME growth platform; the Dices México business directory and services marketplace; and the Bolsa de Trabajo job board. Pricing and membership-fee schedules are not publicly disclosed. The confederation is actively pursuing international partnerships (FADE in Spain, EU trade forums, ILO engagement) and USMCA review advocacy, while domestic headwinds include declining member business confidence (39.5%) and high exposure to crime (46.8% of member companies affected).

Coparmex firmographics

Firmographics
Name
Coparmex
Legal name
Confederación Patronal de la República Mexicana
Website
https://coparmex.org.mx
Company type
Private
Founded year
1929
Operating status
Operating
Headcount range
11–50 employees
Short description
Coparmex is Mexico's largest private-sector employer confederation, representing member businesses—primarily MiPyMEs—through 36 federations and 270 local business centers, delivering advocacy, policy representation, economic intelligence, and member services domestically and abroad.
Ownership category
akta.pro rank

Where Coparmex is headquartered

Location

Headquarters

HQ city
Mexico City
HQ country
Mexico
HQ region
Latin America

Offices1 record

Markets served

Coparmex business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels5 records

Coparmex product offering

Product offering

Core offering

Coparmex is Mexico's largest private-sector employers' confederation, providing unified advocacy and representation for member companies before government, multilateral bodies, and international forums. Through a federated structure of 36 state federations and 270 local business centers, it delivers member services including policy advocacy, social dialogue representation (e.g., at the ILO), economic intelligence via Data Coparmex, business conventions (Juntas Nacionales, Encuentro Nacional), SME growth programs, scholarships, and a job board.

Product overview

COPARMEX (Confederación Patronal de la República Mexicana) is Mexico's largest private sector employers' confederation offering an integrated platform of advocacy, research, and member services. The organization provides Data Coparmex for economic intelligence and monitoring, the MDI (Modelo de Desarrollo Integral) strategic agenda for policy reform proposals, and annual national conventions (Juntas Nacionales and Encuentro Nacional). Supporting services include scholarship programs (Becas), representation seats in national councils, the FIIE strategic research fund, business growth programs (Crece Tu Negocio), a job board (Bolsa de Trabajo), and the Dices business directory. The confederation operates through federations and local business centers across Mexico's 36 states, advocating for legal certainty, economic growth, and private sector development through institutional social dialogue and international partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

  • Data Coparmex A data intelligence platform that monitors and publishes economic indicators, regulatory alerts, business statistics, investment sentiment, formal employment, security metrics, corruption data, and regulatory costs for member companies.
  • MDI (Modelo de Desarrollo Integral) A strategic policy agenda platform covering economic development proposals including the Manifiesto MX policy reform initiative, Independent Fiscal Council proposals, and New Salary Culture recommendations.
  • Juntas Nacionales Annual national business conventions bringing together COPARMEX members, leaders, and stakeholders to discuss strategic priorities for Mexican business development.
  • Becas COPARMEX Scholarship program providing educational opportunities and professional development support for COPARMEX members and their families.
  • Sillas de Representación Representation seats program enabling COPARMEX participation in national councils including the Consejo Nacional Directivo and Executive Commission.
  • FIIE - Fondo de Investigación e Inversión Estratégica Strategic research and investment fund operating under COPARMEX to support economic studies and strategic initiatives for Mexican competitiveness.
  • Encuentro Nacional Coparmex Flagship annual national event bringing together business leaders to discuss economic development, innovation, and competitiveness strategies for Mexico.
  • Crece Tu Negocio Business growth program and digital platform offering guidance and resources for SME development and expansion.
  • Dices México Business directory and services platform connecting COPARMEX member companies with business opportunities.
  • Bolsa de Trabajo COPARMEX Job board and labor exchange platform facilitating employment matching between COPARMEX member companies and job seekers.

Quantifiable outcome

  • 69% surge in Spain's investment to more than €3 billion in 2024 under the collaboration framework
  • +1 more outcomes

Companies that use Coparmex

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Coparmex technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Coparmex partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and regional.

  • European UnioncoreStrategic or Co-development Partner · 17 June 2026EU is Mexico's third-largest trading partner and second-largest source of foreign investment, with bilateral trade surpassing €86 billion in 2025 and accumulated EU investment exceeding €200 billion. The modernized Mexico-EU Global Agreement is expected to eliminate tariffs on nearly 98% of products traded between Mexico and the European Union, benefiting sectors including agribusiness, manufacturing, automotive, pharmaceuticals, medical devices, technology, and industrial services.
  • FADE (Federación Asturiana de Empresarios)coreStrategic or Co-development Partner · 24 April 2026Coparmex signed a collaboration agreement with Spain's Asturian Federation of Entrepreneurs to promote investment, facilitate strategic information exchange, and expand bilateral business opportunities across industry, energy, innovation, and logistics sectors. The agreement establishes mechanisms for bilateral meetings, trade missions, and joint projects, reflecting growing European interest in Mexico's nearshoring advantages and industrial base.
  • Gobierno de PueblaregionalStrategic or Co-development PartnerThe government of Puebla and COPARMEX strengthened collaboration to promote investment, improve security, and expand formal employment, with business leaders emphasizing legal certainty and regulatory stability as prerequisites for deploying capital.
  • International Labour Organization (ILO)coreStrategic or Co-development PartnerMexico through COPARMEX presented social dialogue as a competitive advantage tool at the 114th International Labour Organization Conference in Geneva, showcasing the Consejo Social, Económico y Ambiental (CONSEA) as evidence of successful employer-worker collaboration. Meetings were held with ILO Director General Gilbert Houngbo, International Organization of Employers leadership, and representatives from Chile, Argentina, Colombia, and T-MEC partners.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Coparmex competitors and assessment

Company assessment

Direct peers

Broad incumbents

  • CEOE (Confederación Española de Organizaciones Empresariales): Spain's largest employer confederation and the counterpart that Coparmex engaged through the FADE partnership; comparable as an established European employer confederation offering similar advocacy, representation, and member services.
  • MEDEF (Mouvement des Entreprises de France): France's principal employer federation; comparable as a large, established national employer confederation engaged in social dialogue, ILO participation, and policy advocacy.
  • U.S. Chamber of Commerce: America's largest business federation; comparable as a national employer and business advocacy organization representing a broad membership base in policy and trade discussions.
  • Business Roundtable: U.S. association of major corporate CEOs advocating for pro-business policy; comparable as a high-level employer advocacy body influencing trade, labor, and regulatory policy.
  • Canadian Chamber of Commerce: Canada's largest business association; comparable as a national employer advocacy organization engaged in trade policy (relevant to USMCA discussions) and broad SME support.

Others

  • IOE (International Organisation of Employers): The global umbrella body for employer confederations that Coparmex engages with at the ILO; comparable as the international coordinating network for employer organizations and social dialogue.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

Coparmex social profiles

Digital presence

Coparmex financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Coparmex leadership team

Management profile

Number of profiles

Profiles7 records

Coparmex funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Coparmex M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coparmex

What does Coparmex do?

Coparmex is Mexico's largest private-sector employers' confederation, providing unified advocacy and representation for member companies before government, multilateral bodies, and international forums. Through a federated structure of 36 state federations and 270 local business centers, it delivers member services including policy advocacy, social dialogue representation (e.g., at the ILO), economic intelligence via Data Coparmex, business conventions (Juntas Nacionales, Encuentro Nacional), SME growth programs, scholarships, and a job board.

Is Coparmex a public or private company?

Coparmex is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Coparmex founded?

Coparmex was founded in 1929. It employs 11 to 50 people.

Where is Coparmex based?

Coparmex is headquartered in Mexico City, Mexico, in the Latin America region.

Who are Coparmex's main competitors?

Direct peers on record are CONCANACO SERVYTUR, CCE (Consejo Coordinador Empresarial), CONCAMIN (Confederación de Cámaras Industriales de los Estados Unidos Mexicanos) and COMCE (Consejo Empresarial Mexicano de Comercio Exterior, Inversión y Tecnología). Broad incumbents are CEOE (Confederación Española de Organizaciones Empresariales), MEDEF (Mouvement des Entreprises de France), U.S. Chamber of Commerce, Business Roundtable and Canadian Chamber of Commerce. IOE (International Organisation of Employers) is listed as an others.

Does Coparmex have an API?

No public API is recorded for Coparmex.

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Live signals
ReformaEmpujan sindicatos y patrones agenda ante legisladoresUnions and employers jointly urge legislators to review the 100% tax deduction for benefits, Infonavit fund usage, and the creation of an independent fiscal council. Coparmex specifically proposes the independent council to oversee public funds.ExpansionLas cámaras empresariales alertan que limitar deducciones pegará a la inversión y el empleoBusiness groups CCE, Coparmex, and COMCE support fighting tax evasion but warn that proposed deduction limits will raise fiscal burden and pressure corporate liquidity. They say the measure, planned for next year, could harm investment and employment.EleconomistaCoparmex pide al INE reforzar controles y vigilancia rumbo a las elecciones de 2027Coparmex urged Mexico's INE to strengthen electoral verification and oversight for the 2027 elections, citing two recent decisions that reduce such tools. The decisions include maintaining a ban on public servants as observers while removing verification of their eligibility, and altering criteria for reviewing blank ballots. Coparmex also noted two vacancies in the electoral tribunal and a resignation at INE.ReformaVe Coparmex visita de CSP 'a modo' sin diálogo con sectoresMartha Reyes, leader of Coparmex in Sinaloa, criticized President Claudia Sheinbaum's visit as a show without dialogue with business sectors. She said the visit will not address the state's crisis.El FinancieroCoparmex promueve diálogo social en encuentro con el Papa León XIVJuan José Sierra, president of Coparmex, visited Rome to attend the IV Fratelli Tutti meeting and an audience with Pope Leo XIV, urging stronger social dialogue and consensus for sustainable development in Mexico. He highlighted the importance of the National Social, Economic and Environmental Council (CONSEA) and invited the Pope to visit Mexico.Mexico Business NewsMexico City Adds 12,712 Formal Jobs in August: CoparmexMexico City added 12,712 formal jobs in August 2026, lifting year-to-date creation to 14,235, while capturing 48.2% of the country's first-half FDI. The capital's FDI fell 12.7% year-over-year, and Coparmex CDMX urged converting inflows into durable employment, citing USMCA review uncertainty.ReformaPide Coparmex reorientar gasto para crecerCoparmex urged Mexico's government to reorient public spending in the 2027 economic package to reduce the deficit and curb debt. The federation said this should not sacrifice productive investment needed to boost productivity and create formal employment.ReformaSon pendientes de Gobierno combate a extorsión.- CoparmexThe patronal sector warned that extortion, stagnation of investment, and public spending challenges are pending issues for the government. It also stated that creating more formal jobs should be a national priority.EleconomistaCoparmex reconoce avances del gobierno de Claudia Sheinbaum tras su Segundo InformeCoparmex acknowledged government advances in minimum wage and trade but warned of investment paralysis and public security issues. Extortion affects half of Mexican businesses, and fixed investment fell to 21.2% of GDP in Q1 2026. The organization urged translating macroeconomic growth into tangible family benefits.ReformaSe desploma ánimo para invertir, advierte CoparmexCoparmex reported that insecurity has become the top crime category affecting businesses, with only two of every 10 Coparmex member entrepreneurs considering it a good time to invest in the country. The report cites extortion at its highest level in 11 years and noted that lack of security and energy hinders investment attraction.