Tag Archives: International Monetary Fund

Mexico’s Covid Cases Surpass 1 Million, Deaths Near 100,000

XINHUA Aas of Saturday, Nov. 14,  Mexico had reported more than 1 million confirmed cases of covid-19 infections, the country’s Health Secretariat said. With at least 5,860 new novel coronavirus cases in the past 24 hours, the country’s totll number of confirmed cases Saturday was 1,003,253, the secretariat said. Meanwhile, 635 more deaths were reported that day, bringing the death

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Mexican Industrial Activity Stalled in September

XINHUA Industrial activity in Mexico showed no variation in September compared to the previous month, largely affected by a drop in construction, the National Institute of Statistics and Geography (Inegi) said Wednesday, Nov. 11. This was the worst performance for September since the index rebounded 18.4 percent in June, after the country began to reactivate some economic activities that had

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Mexico City Mayor Tests Positive for Covid, Nationwide Cases Top 900,000

XINHUA Mexico City Mayor Claudia Sheinbaum has tested positive for covid-19 infection, she announced on Tuesday, Oct. 27. Sheinbaum wrote on Twitter that she was informed of the test result on the night of Monday, Oct. 26, and said that she would work remotely under medical supervision, although she added that she felt “well” and “strong.” In a videoconference, Sheinbaum

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Mexico Facing Slow Job Recovery

XINHUA Mexico is seeing a slow recovery in employment levels after the gradual reopening of businesses that were closed due to the novel coronavirus (covid-19) pandemic, the National Institute of Statistics and Geography (Inegi) reported on Wednesday, Oct. 22. Unemployment rates among Mexico’s Economically Active Population (EAP) fell to 5.1 percent in September, from the 5.2 percent that was recorded

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Mexico Asks World Bank, IMF to Help Middle-Income Countries

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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White House Official Elected to Head IDB

Newly elected head of the Inter-American Development Bank Mauricio Claver-Carone. Photo: El Nuevo Herald

XINHUA Mauricio J. Claver-Carone, a senior White House official, was elected on Saturday, Sept. 12, to head the Inter-American Development Bank (IDB) amid strong opposition from Latin American countries and senior experts. Claver-Carone, who will succeed current President Luis Alberto Moreno, will take office on Oct. 1 for a five-year term, the IDB said in a statement. The IDB, bowing

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New Vehicle Sales in Mexico Up for Fourth Month in a Row

XINHUA New vehicles sales in Mexico rose 5.75 percent in August compared to the previous month, climbing for the fourth consecutive month amid the covid-19 pandemic, official figures showed Wednesday, Sept. 2. Sales reached 77,092 units in August, compared to 72,897 in July, the National Institute of Statistics and Geography (Inegi) said. Vehicle sales plunged to 34,903 units in April,

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Mexican Exports up 8.81 Percent in July

XINHUA Mexico’s exports grew by 9.81 percent in July compared to June, mainly driven by vehicle exports to the United States, the National Institute of Statistics and Geography (Inegi) said on Thursday, Aug. 27. The total value of exports amounted to $34.847 billion in July, representing the second consecutive month of growth after dropping in April and May due to

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Retail Sales in Mexico Up 7.8 Percent in June

XINHUA Retail sales in Mexico rose 7.8 percent in June compared to May, the National Institute of Statistics and Geography (Inegi) reported on Friday, Aug. 21. Sales of wholesale products grew by 11.1 percent in June, their first positive result in three months. The deputy governor of the Bank of Mexico, Jonathan Heath, explained that the figures released by the

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