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Mexico - February 2020

Introduction
The February edition of the Regional Report: Mexico looks back at how Mexico’s national economy fared in 2019, and at the progress that the government led by President Andrés Manuel López Obrador has made in relation to delivering two of its main pledges: eradicating corruption and establishing an independent attorney general’s office...
Economy
Despite Mexico’s President Andres Manuel Lopez Obrador's still high public opinion ratings, the promised economic acceleration has not yet materialised...
Energy
There have been mixed messages from the Mexican authorities regarding energy policy in recent weeks...
Monetary Policy
With preliminary GDP data or 2019 just confirming a slight economic recession, it came as little surprise that Mexico’s central bank (Banxico) opted to cut the policy interest rate by 25 basis points at its most recent monetary policy meeting on 13 February...
Corruption
Mexico climbed eight positions in the 2019 Corruption Perceptions Index (CPI) published by Transparency International (TI), the leading NGO in the global fight against graft...
Institutions
The measures designed to ensure the independence of Mexico’s recently reformed federal attorney general’s office (FGR) are not being met and there are signs that the head of the FGR is too close to President Andrés Manuel López Obrador...
Economic Highlights
Agricultural exports to China: On 23 January Mexico’s agriculture minister Víctor Villalobos said that the Mexican government hopes to increase Mexico's agricultural exports to China after signing new export protocols and successfully completing the first exports of plantains to the Asian country...

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