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AMLO Urges U.S. To Halt Funding For Groups Critical Of Administration

MEXICO
  • USDMXN only managed to reach 20.3768 overnight as the Peso maintains its resilience and hovers above 20.25 support.
  • (Reuters) - President AMLO on Monday urged the U.S. government to stop funding groups in Mexico that are critical of his administration, calling the financial support a "shame" and a breach of Mexico's sovereignty.
    • The rebuke comes at a time of friction between the US and Mexico over the President’s ongoing energy reform agenda.
  • Baker Hughes hired a third party, the McConnell Group, to investigate any conflict of interest involved with a home rented by the son of President Andres Manuel Lopez Obrador, Bob Perez, Baker Hughes Mexico director said in a press conference.
    • Baker Hughes and McConnell Group investigations found no conflict of interest and nothing irregular with the rental. (BBG)
  • Recap of OECD Chief Mathias Cormann Delivering Mexico Survey:
    • Comprehensive reform agenda would help Mexico recover
    • Mexico GDP to grow 2.3% this year
    • Mexico's public debt to stabilize around 50% in 2023
    • Mexico says it had $31.6B in FDI in 2021 in preliminary data
    • Mexico's state-level regulations hamper investment
    • Mexico can cut informality with tax compliance (All BBG)
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