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LatinNews Daily - 16 April 2019

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In brief: Mexico

* Jaime Reusche, vice president and senior analyst on Latin America at Moody’s Investors Service’s sovereign risk group, has warned that Mexico’s state-owned oil company Pemex could risk becoming a burden for the public treasury if it does not succeed in reducing the cost of access to the financial markets and increases oil production. In a comment, Reusche noted that the Mexican government’s plan to transfer between M$100bn and M$150bn (US$5.29bn-7.94bn) from the budgetary income stabilisation fund (FEIP) to cover Pemex’s debt, as well as a US$3bn tax waiver over the next four years, should allow the company to cover its financing requirements this year.