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LatinNews Daily Report - 17 May 2013
In Brief- Mexico
ECONOMY| OECD calls for more reforms. On 16 May the Organization for Cooperation and Economic Development (OECD) called on Mexico to implement and deepen its structural reform programmes in order to achieve greater economic growth, reduce informality and poverty. In a press conference from Paris, the OECD’s chief economist, Pier Carlo Padoan, said that “Mexico has not time to lose. To improve the standard of living of all Mexicans in a lasting way more reforms are needed.” According to Padoan these include “new legislation to eliminate entry barriers to national markets, as well as to reduce corruption and make the justice system more efficient”. Yet Padoan then congratulated President Enrique Peña Nieto and Mexico’s main political parties for signing the Pact for Mexico agreement which includes an outline of the structural reform agenda that the Peña Nieto government is looking to push through congress during its six-year term. However, Padoan said that now it was also important to ensure that the implementation of some of the approved reform such as education and telecommunications are effectively implemented.
