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LatinNews Daily - 08 June 2020
In brief: Mexican opposition demands information on World Bank loan
* Mexico’s opposition Partido Revolucionario Institucional (PRI) has called on the federal government led by President Andres Manuel López Obrador to disclose more information about a US$1bn loan from the World Bank. The controversy emerged after local business newspaper El Economista reported yesterday that the Mexican government asked the World Bank for the loan on 19 May in order to support its response to the coronavirus (Covid-19) pandemic, and got the green light from the international lender on 31 May. However, deputy finance minister Gabriel Yorio has tweeted that the loan had not been contracted for any specific purposes. He said the development policy loan (DPL) was for the government’s general funding needs, and within the debt limits already authorised by the national congress.
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