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Latin American Economy & Business - December 2015 (ISSN 1741-7430)
Mexico: Light and shade in IMF Article IV consultation
One of the regular Article IV consultations between Mexico’s economic team and the IMF concluded on 17 November with a generally positive, but also quite mixed conclusion. On the plus side the Fund praised the government for advancing its programme of structural economic reforms, described the economy as “resilient”, and highlighted the benefits of low inflation and the maintenance of low, pro-growth interest rates by the Bank of Mexico (Banxico). Yet the Fund also reduced its growth forecasts for the country and described the rate of Banxico foreign currency intervention to support the peso as “not sustainable over the medium term”.
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