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MEXICO: IMF Issues Statement on Mexico's Article IV Mission

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • Key messages from the IMF statement include the following:
    • Activity is decelerating.
    • A medium-term fiscal strategy is needed to reduce deficits and debt, raise tax revenues, and create fiscal space for investments in human and physical capital.
    • The ongoing reshaping of global value chains offers the incoming administration an important opportunity to deepen the already-strong economic links with the U.S.
    • Recent judicial reforms create important uncertainties about the effectiveness of contract enforcement and the predictability of the rule of law.
    • A review of policies regarding support for Pemex, and the energy sector more generally, would enhance the credibility of the government’s fiscal plans.
  • Link here: https://www.imf.org/en/News/Articles/2024/10/15/mcs-mexico-staff-concluding-statement-of-the-2024-aiv-mission
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  • Key messages from the IMF statement include the following:
    • Activity is decelerating.
    • A medium-term fiscal strategy is needed to reduce deficits and debt, raise tax revenues, and create fiscal space for investments in human and physical capital.
    • The ongoing reshaping of global value chains offers the incoming administration an important opportunity to deepen the already-strong economic links with the U.S.
    • Recent judicial reforms create important uncertainties about the effectiveness of contract enforcement and the predictability of the rule of law.
    • A review of policies regarding support for Pemex, and the energy sector more generally, would enhance the credibility of the government’s fiscal plans.
  • Link here: https://www.imf.org/en/News/Articles/2024/10/15/mcs-mexico-staff-concluding-statement-of-the-2024-aiv-mission