End of preview - This article contains approximately 116 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 16 April 2021
In brief: Warnings of record capital flight from Mexico
* Gabriela Siller, the head of economic and financial analysis at Banco Base, a Mexican private bank, has warned that 2021 could be a record year in terms of capital outflows for Mexico due to risk aversion (uncertainty over the 6 June midterm federal legislative and state elections) and inflation expectations. Siller warnings come after foreign investors sold off M$106bn (US$5.3bn) of Mexican state securities in the first quarter of 2021 – the second highest amount recorded for a first quarter. As regards inflation, current projections by economists expect inflation to close 2021 at 4.11%, above the central bank (Banxico) target of 3% (with a tolerance range of 1 percentage point above or below).
- ARGENTINA: New lockdown met with legal challenge, protests
- COLOMBIA: Gov’t presents controversial tax reform bill
- In brief: Moody’s predicts Ecuador’s Lasso will renegotiate IMF debt
- BRAZIL: Supreme court ruling confirms Lula’s eligibility
- In brief: Brazil’s services sector returns to pre-pandemic levels
- NICARAGUA: Proposed electoral reforms spark outrage
- In brief: Honduras’s private sector to buy vaccines
- MEXICO: Opposition denounces judicial coup
- In brief: Warnings of record capital flight from Mexico
- In brief: IMF criticises Chile’s pension withdrawal initiative