OPINION By JOHN BURZAWA, SOPHIE EGAR and EARL ANTHONY WAYNE Part of an ongoing series from the Wilson Center* The United States-Mexico-Canada Agreement (USMCA) provides continent-wide rules, norms and problem-solving processes that can help the three-member countries to continue the trade and coproduction system established under its predecessor, the North American Free Trade Agreement (NAFTA). But if the USMCA is to
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Mexico Buried under Inflation
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PULSE NEWS MEXICO Core inflation in Mexico during the first half of November reached 8.66 percent, according to the National Institute of Statistics and Geography’s (Inegi) National Consumer Price Index (INPC), representing 8.14 percent at an annual rate. Despite a slight moderation compared to previous fortnights, headline inflation was still well above the Central Bank of Mexico’s (Banxico) objective target
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PULSE NEWS MEXICO Mexican billionaire Carlos Slim’s Inbursa financial group announced on Wednesday, Nov. 23, that it was withdrawing from its former commitment to purchase Banamex, Citigroup’s consumer and corporate banking business in Mexico. “After the presentation of a nonbinding proposal for the acquisition of said businesses, the parties have mutually agreed that Imbursa will not continue in the following
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By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations
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Inflation
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Mexico Kicks Off the Holiday Season on the Wrong Foot
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By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) got a double-whammy blow to his economic policies over the weekend when former Central Bank of Mexico (Banxico) Governor Agustín Carstens (a champion of what AMLO despairingly calls neoliberal economics) was presented the King of Spain Economics Award as “one of the most important and influential economic policy makers in
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By KELIN DILLON According to former United States-Mexico-Canada Agreement (USMCA) negotiator Kenneth Smith, Mexico may face historic sanctions levied against it by the United States and Canada if the trio cannot reach an agreement on Mexican energy policy during its presently ongoing energy panel. These pending sanctions have the potential to be the highest penalties ever seen under the 20-plus-year history
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The Rising Cost of Tortillas
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