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Mexico - May 2020

Introduction
The May Latin American Regional Report: Mexico contains articles on the violence that continues to afflict Mexico despite the coronavirus (Covid-19) pandemic; the concurrent measles outbreak; and corruption in the procurement of medical equipment to fight the pandemic...
Security
Despite the social distancing guidelines introduced by the government in late March to contain the spread of the coronavirus pandemic (Covid-19), and even though this has reduced drug trafficking activity, the levels of violence in Mexico have not subsided...
Corruption
The procurement of medical supplies in Latin America during the coronavirus (Covid-19) pandemic has all the hallmarks of a corruption minefield...
Public Health
In the shadow of the coronavirus (Covid-19) outbreak, another public health threat has been spreading alarm amongst Mexico’s health authorities...
Economy & Politics
Mexico attracted the world’s attention during the 9 April extraordinary meeting of the so-called Opec+ grouping of oil producing countries -which includes the 13 members of the Organization of Petroleum Exporting Countries (Opec) in addition to 10 more oil exporting countries that include Mexico...
Finances
On 17 April, international credit ratings agency Moody’s Investors Service announced that it had downgraded Mexico’s sovereign debt rating from ‘A3’ to ‘Baa1’...
Monetary Policy
Unlike the government led by President Andrés Manuel López Obrador, Mexico’s central bank (Banxico), has adopted a heterodox approach to face the country’s economic crisis...
Economic Highlights
Trade agreement with EU updated: On 28 April Mexico and the European Union (EU) announced the conclusion of the last outstanding element of the negotiation of their new updated bilateral trade agreement...

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