Tag Archives: International Monetary Fund

Argentine President Proposes Leftist Alliance with Mexico, Brazil

By THE PULSE NEWS MEXICO STAFF In a letter made publish by Mexican President Andrés Manuel López Obrador (AMLO) on Sunday, March 13, Argentine President Alberto Fernández, a diehard populist who has backed López Obrador’s leftist policies, proposed the creation of a regional socialist alliance between Mexico, Argentina and Brazil to combat capitalism. In the letter, dated March 9, Fernández

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AMLO Requests Transfer of IMF Funds to Treasury

By KELIN DILLON On the morning of Wednesday, Aug. 18, Mexican President Andrés Manuel López Obrador (AMLO)  revealed he would formally request the Central Bank of Mexico (Banxico) to transfer the Special Drawing Rights (SDR) funds given by the International Monetary Fund (IMF) to Mexico’s treasury. The IMF Board of Governors previously approved the distribution of $650 billion worth in

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IMF Calls on Mexico to Reform Fiscally

By KELIN DILLON According to the International Monetary Fund’s (IMF) External Sector Report, Mexico drastically needs to reform its fiscal practices and implement increased monetary support to its inhabitants if it wants to fully recover from the economic effects of covid-19. “More domestic fiscal support is needed in the short term to ease the tensions of the pandemic, reduce scars

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Mexican Economy Contracts…Again

By THE PULSE NEWS MEXICO STAFF It will come as no surprise to most economists that the Mexican economy, which contracted by 0.1 percent in pre-covid 2019, once again registered a dramatic shrinkage in 2020. Despite constant assurances from leftist President Andrés Manuel López Obrador (AMLO) throughout the last 12 months that the nation’s economy was “on track” and would

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Mexico Still Meets Criteria for IMF Credit Line

XINHUA Mexican financial authorities announced on Friday, Nov. 20, that the country has maintained the necessary criteria for access to the Flexible Credit Line it has with the International Monetary Fund (IMF), as the economy has shown “resilience” despite the covid-19 pandemic. The Mexican Foreign Exchange Commission reported that the IMF’s executive board completed the midterm review of the country’s

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