Tag Archives: special drawing rights

AMLO Requests Transfer of IMF Funds to Treasury

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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

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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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