Weekly Report - 06 December 2005

MEXICO | Assessing the Fox years. The Fox administration is finding it hard to use its economic record as an electoral argument. While it can claim to have maintained stability and built up the country's international reserves even its top economic adviser, public policy coordinator Eduardo Sojo, has been admitting publicly that it has been unable to deliver on two crucial promises: achieving an annual growth rate of 7% and creating 1m jobs a year. Sojo blames this mainly on the failure to gain congressional approval for key structural reforms, an argument endorsed last week by the incoming secretary-general of the OECD, José Angel Gurria, who served as finance minister in the previous administration.

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