XINHUA Mexico called on the International Monetary Fund (IMF) and the World Bank on Thursday, Oct. 15, to establish a support strategy for middle-income countries, saying they have no financial wiggle room to tackle the economic fallout caused by the covid-19 pandemic. Countries such as Mexico, Peru, Colombia and Bulgaria cannot afford to take the kind of emergency financial measures
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XINHUA Mexico’s public debt will remain stable over the coming years despite the damage to the economy in 2020 caused by the novel coronavirus (covid-19) pandemic, President Andrés Manuel López Obrado (AMLO) said Wednesday, Sept. 9. AMLO’s administration submitted a budget proposal for 2021 that aims to reduce the so-called Historical Balance of the Public Sector Financial Requirements to 53.7
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XINHUA Former Mexican President Enrique Pena Nieto accepted bribes from the Brazilian construction giant Odebrecht and bribed lawmakers, Emilio Lozoya Austin, the former head of Mexico’s state-run oil company Petróleos Mexicanos (Pemex), said Tuesday, Aug. 11. Lozoya, who is in custody on corruption charges for his alleged participation in a bribery scheme, made the remarks to Mexican attorney general’s office.
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By RICARDO CASTILLO The much-expected ideological clash between Mexican business and government is now here. It had not happened before because there had been civility on the part of the business community regarding the authentic democratic victory achieved by President Andrés Manuel López Obrador (AMLO) in July 2018. But it is now apparent that the business-AMLO friendly relationship may be,
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By RICARDO CASTILLO … It’d seem that at the Democrat-controlled U.S. House of Representatives, Thanksgiving is the make-or-break deadline for approving the USMCA…
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By RICARDO CASTILLO … The resignation of Mexican Supreme Court Judge Eduardo Medina Mora has certainly shaken up the Mexican political system…
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By RICARDO CASTILLO … A loophole in the Mexican tax system has allowed individuals and companies to avoiding having to pay their fair share…
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By SILVIO CANTO, JR. Although I live in the United States, as a Latino, I tend to follow Latin American politics closely, particularly in the case of Mexico. And in recent days, I’ve spoken with several of my Mexican friends and they’re all singing the same song: How did this guy Andrés Manuel López Obrador guy (AMLO) ever manage to
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By RICARDO CASTILLO Do you remember Jose Antonio Meade Kuribreña? In case you don’t, let me tell you that he was the Institutional Revolutionary Party (PRI) presidential candidate handpicked by former President Enrique Peña Nieto to run during the 2018 electoral campaign. Meade finished third in that race. Since then, Meade has seldom been heard from or about. But on
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By RICARDO CASTILLO Definitely the outstanding image in Mexico for the week July 8-12 was the stone-cold face of Arturo Herrera Gutiérrez as President Andrés Manuel López Obrador appointed him the government’s new finance secretary. Herrera Gutiérrez looked as if he was attending his own funeral. The fact is that a lot of political pundits noticed the grave gesture, that
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