Weekly Report - 23 March 2023 (WR-23-12)

MEXICO | Combatting inflation. President Andrés Manuel López Obrador has touted Mexico’s financial stability in the face of a brewing banking crisis in the international financial system after the failure of Silicon Valley Bank (SVB) and Signature Bank in the US, and the collapse of Switzerland’s Credit Suisse, which was forced into a fire-sale to its Swiss rival UBS.