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Mexico - March 2021

Introduction
The March issue of the Latin American Regional Report: Mexico contains articles that evaluate the results so far of the government led by President Andrés Manuel López Obrador’s efforts to combat poverty, promote effective government spending, eradicate corruption, and strengthen the national economy.... Read More
Economy
On 16 February Mexico’s national council of evaluation of social development policy (Coneval) revealed that a reduction of 2.5% in real labour income recorded between the fourth quarter of 2020 and the same quarter in 2019 produced an increase in labour poverty.... Read More
Public Finances
On 20 February Mexico’s federal audit office (ASF), which is attached to the federal chamber of deputies, published its analysis of public expenses carried out during 2019.... Read More
Energy
At the end of February Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) released production data and financial results for the whole of 2020.... Read More
Business & Investment
On 2 March Canadian mining company First Majestic filed a request for arbitration at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).... Read More
Security
Eradicating government corruption is one of the leading objectives of the Mexican government led by President Andrés Manuel López Obrador.... Read More
Environment
The Escazú Agreement is the first regional environmental treaty in Latin America and the Caribbean, and the world’s first to include provisions on protecting human rights defenders in environmental matters.... Read More
Security & Environment
The Mexican government has approved a proposal to ban the use of glyphosate, a herbicide, and genetically modified (GM) maize, by 2024.... Read More
Economic Highlights
FDI slumps: On 18 February, Mexico’s economy ministry (SE) released preliminary figures on foreign direct investment (FDI) to the country in 2020, which show that FDI totalled US$29bn last year, an 11.7% drop on the amount received in 2019.... Read More

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