LatinNews Regional Monitor: Mexico - 12 September 2019

* Mexico’s finance ministry (SHCP) has announced that the Mexican government will make an equity capital contribution equivalent to US$5bn to Mexico’s state-owned oil company Pemex, which will be funded from financial assets held at the federal treasury. The measure aims to address the firm’s indebtedness problem (Pemex will also take measures to reduce debt and manage its maturity profile), thereby enhancing “its profitability” and “long-term strategic contribution to the Mexican economy”.

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