LatinNews Regional Monitor: Mexico - 06 November 2019

* The International Monetary Fund (IMF) has urged Mexico to further shore up the finances of the state-owned oil company, Pemex, and it has recommended the selling of its non-strategic assets. Reworking Pemex’s business plan would allow Pemex to “strengthen its financial position and reduce risks to the budget” the IMF said. The IMF also noted that greater cooperation with private businesses could also “bolster production and diversify risks”. Directors of the IMF called these suggestions “imperative” to promote strong, sustainable, and inclusive economic growth in Mexico.

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