By RICARDO CASTILLO Private Hospital Expropriations Mexican President Andrés Manuel López Obrador (AMLO) published an executive order on Friday, March 27, awarding the federal government the right to “make use of all medical sectors, public, social and private, in the regions affected by the Covid-19 pandemic.” In short, private hospitals may be privatized for pandemic use only. The decree, published
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XINHUA Mexico’s exports grew by 3.2 percent year-on-year in January, thanks in large part to the manufacturing and petroleum industries, the National Institute of Geography and Statistic (Inegi) announced, Friday, Feb. 28. The Inegi stated in its report that the value of Mexican exports reached over $33.6 billion in the first month of the year, with almost $31.3 billion corresponding
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By RICARDO CASTILLO In mid-July, former Mexican Treasury Secretary Carlos Urzúa, upon presenting his resignation to President Andrés Manuel López Obrador (AMLO), launched a frontal attack against AMLO’s Chief of Staff Alfonso Romo Garza in an interview. “It’s most difficult to understand the type of relationship, ideologically speaking, Romo has with the president,” Urzúa said. “He’s an extreme right-winger.” Urzúa
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By RICARDO CASTILLO It’s the end of July and figures are beginning to trickle in regarding the state of Mexico’s economy. The first one landed on Friday, July 26, from the National Institute of Geography and Statistics (Inegi), which is the nation’s foremost authority in gauging financial and industrial trends and the news is not good since the Gross Domestic
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By RICARDO CASTILLO Here’s the sequence of events that led to a market selloff at the Mexican Stock Exchange (Bolsa Mexicana de Valores) that provoked the loss of nearly 6 percentage points and nearly 90 billion pesos over the last week, mostly for banks. First, on Wednesday, Nov. 7, came the not-so-casual news from the National Regeneration Movement (Morena) political party majority leader
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