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Weekly Report - 02 October 2014 (WR-14-39)
MEXICO: Oil fund created
The government led by President Enrique Peña Nieto has formally announced the launch of the newly created Mexican petroleum fund (FMP). Finance Minister Luis Videgaray Caso signed a contract with the president of Mexico’s central bank (Banxico), Agustín Carstens, creating the FMP, which will be used to deposit all the non-tax revenues generated as a result of the implementation of the energy reform pushed through by the Peña Nieto administration.
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