By HUGO LÓPEZ VARGAS Covid Vaccines on the Way The Mexican government announced Tuesday, Oct. 13, that it had signed three pre-purchase agreements for covid-19 vaccines, in addition to those expected to come in with the global Covax Authority initiative, starting with possible deliveries as early as December or January. As a result, Mexico should have access to enough vaccines
Read more
By RICARDO CASTILLO U.S.-Mexico Trade Despite restrictions on nonessential travel across the U.S.-Mexico border, two-way trade between the countries has continued on a relatively steady course, with a hefty favorable trade balance for Mexico. Figures released by the U.S. Census Bureau on Tuesday, Oct. 6, indicated that U.S. exports to Mexico during August amounted to$17.047 billion, while Mexican sales to
Read more
By RICARDO CASTILLO Voting for a Rigmarole The 11-member Mexican Supreme Court vote to allow a referendum to be held to decide whether to bring to trial past presidents for crimes allegedly committed while in they were in power past last week in two stages. The first stage was to decide if the public referendum is constitutional. The referendum’s constitutionality
Read more
XINHUA Mexico’s exports grew by 4.88 percent in August compared to July, marking the third month in a row of growth after dropping due to the novel coronavirus (covid-19) pandemic, the National Institute of Statistics and Geography (Inegi) said on Monday, Sept. 28. Exports totaled $37.047 billion in August compared to $35.324 billion the previous month, according to seasonally adjusted
Read more
By RICARDO CASTILLO AMLO and Corral Trade Verbal Punches On Friday, Sept. 18, Mexican Security Undersecretary Ricardo Mejía Berdeja named eight well-to-do Chihuahua farming families that he accused of “hoarding” 35 million cubic meters of Rio Conchos water, representing a full 12.5 percent of the water that is owed to the United States. One person alone, Mejía Berdeja said, is
Read more
By RICARDO CASTILLO Debt Restructuring Plan The Mexican Treasury and the National Banking and Stocks Commission (CNBV) launched a national debt relief package to help borrowers and banks alike during the covid-19 pandemic-provoked economic crisis. The plan includes a downsizing of the agreed-upon interest rate and reduces the monthly amount borrowers are currently paying. All news arrangement will have to
Read more
XINHUA Inflation in Mexico reached 4.1 percent in the first half of September, driven by the price of agricultural products, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 24. In the first half of the month, the National Consumer Price Index (INPC) grew 0.16 percent compared to the previous two-week period, according to Inegi. In the
Read more
By RICARDO CASTILLO Economic Skid Two of the basic economic indicators, demand and supply, plunged down by 19.4 percent in comparison to the same period last year, according to a quarterly report from the Mexican government official pollster, the National Institute of Geography and Statistic (Inegi). The figures reflect statistics both for home and industry, which had been stable since
Read more
By RICARDO CASTILLO Covid-19 Vaccine Funds Assured The Mexican government wields, for starters, 20 billion pesos “we have saved because there is no more corruption nor luxuries” to vaccinate every Mexican, said President Andrés Manuel López Obrador (AMLO) while on tour in Puebla over the weekend. At the same time, he called upon every Mexican to not be overconfident before
Read more
By RICARDO CASTILLO Hunting the Big Five The Mexican Senate gave fast-track approval to a request from President Andrés Manuel López Obrador (AMLO) to hold a popular consultation on whether to bring to trial five former presidents. The Senate rushed the bill through over the Independence Day holidays (Tuesday, Sept. 15, and Wednesday, Sept. 16). The proposal, which contains only
Read more