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Mexico - February 2021

Introduction
With the first month of 2021 gone, the February Latin American Regional Report: Mexico reviews Mexico’s economic performance in 2020 and prospects for this year...
Economy
Mexico’s national statistics institute (Inegi) published its latest GDP growth figures on 29 February...
Economy & Politics
Although attracting domestic and foreign private investment is instrumental for sparking an economic recovery, the government led by Mexico’s President Andrés Manuel López Obrador continues to pursue policies that undermine the local business environment and investor confidence...
Finance
Another controversial reform bill that is due to be debated by Mexico’s congress in the new period of ordinary sessions that began on 1 February is that affecting the central bank (Banxico)...
Industry
Mexico’s national statistics institute (Inegi) reported on 8 February that national vehicle production in January reached 287,711 units, 15% lower than in the same month of 2020...
Security & Foreign Relations
Mexico’s President Andrés Manual López Obrador has always said he wanted to develop a new type of relationship with the US, one that was based on mutual respect and in which both countries work together as equals...
Foreign Relations
Mexico has formally assumed the rotating seat at the United Nations Security Council (UNSC) for which it was elected last year...
Economic Highlights
Eurobond issue: On 18 January, Mexico’s finance ministry (SHCP) announced that it had issued two euro-denominated bonds worth a total of €1.8bn (US$2.1bn) in international markets...

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