Back

LatinNews Regional Monitor: Mexico - 19 April 2018

In brief: Mexico

*In a press conference announcing the release its new Fiscal Monitor Report 2018, the International Monetary Fund (IMF) advised Mexico to reduce its public debt. According to the IMF, the need to reduce public debt is important when considering the economic “uncertainties” Mexico faces with regard to the renegotiation of the North American Free Trade Agreement (Nafta) – the trade deal between Canada, Mexico, and the US – and the “outcome of the presidential elections” on 1 July. “What we would like to see is a primary fiscal deficit or fiscal surplus level that would be able to pay back the debt”, stated Abdelhak Senhadji, the deputy director of the IMF’s Fiscal Affairs Department. Senhadji said that although Mexico’s public debt has been reduced in the last few years and is projected to be relatively stable, it continues to be high (the IMF Fiscal Monitor Report put Mexico’s general government debt at 54.2% of GDP in 2017).

End of preview - This article contains approximately 156 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.