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MEXICO
  • Deputy Finance Minister Gabriel Yorio said that it's difficult to see the central bank transferring any of its foreign reserves surplus to the government due to the strong appreciation of the currency last year.
    • Yorio added that issuing more catastrophe bonds is an interesting proposal for the government, and it will be examined.
  • A close ally of Mexican President AMLO has threatened members of the country's electoral body over his disqualified governorship candidacy, a sign of growing political tensions less than two months before key midterm elections. (BBG)
  • The chief financial officer of Petroleos Mexicanos's trading arm has resigned, becoming the fourth director to leave the company as it struggles to reduce debt and reverse output declines.
    • Additionally, Pemex's Minatitlan refinery in Veracruz will be offline for about 90 days after an explosion last week, according to a person with knowledge of the situation.

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