Tag Archives: World Bank

Azeri Envoy Marks First Anniversary of Reunited Nation

By THÉRÈSE MARGOLIS It was a day of absolute jubilation and unrestrained celebration for Azerbaijani Ambassador to Mexico Mammad Talibov and his wife Kamala Talibova when they hosted a diplomatic reception at the Presidente Intercontinental Hotel Polanco on Friday, Nov. 5, to commemorate the first anniversary of their reunited country after nearly three decades of occupation of a fifth of

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Azerbaijani Envoy Marks Nation’s Anniversary with History Review

By THÉRÈSE MARGOLIS Like most embassies in Mexico these days, the Azerbaijani chancellery was unable to host a diplomatic reception this year to mark its independence day. But that didn’t keep Azerbaijani Ambassador to Mexico Mammad Talibov from commemorating the Caucasian nation’s 30th anniversary, albeit a few days late. At the request of Mexico’s National Academy of History and Geography,

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An Urgent Appeal for Continued Assistance to Afghanistan

By EARL ANTHONY WAYNE, former career diplomat and senior adviser for the Project on Prosperity and Development, with JAMES SCHWEMLEIN and HANNAH DAVIN (The following article was written for the Center for Strategic and International Studies in Washington and is being republished in Pulse News Mexico with express prior permission.) U.S. President Joe Biden and his team have said that

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AMLO Increases Foreign Debt by 46 Percent

By KELIN DILLON In the first 26 months of Mexican President Andrés Manuel López Obrador’s (AMLO) administration, Mexico’s foreign debt increased by $22.3 billion, an increase of 46 percent from the term of his predecessor, Enrique Peña Nieto (EPN). The difference in external debt accrued  between the two presidencies amounted to approximately $7.3 billion. Carlos Vázquez Vidal, an analyst at

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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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UN Says Migration Down 27 Percent Due to Covid

XINHUA The covid-19 pandemic may have slowed international migration flows by around 2 million people last year, cutting the annual growth expected since mid-2019 by around 27 percent, according to a report by the United Nations released Friday, Jan. 15. International Migration 2020 Highlights, published by the UN Department of Economic and Social Affairs (DESA), shows that since the year

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There’s a Reason Why Mexico’s Interest Rates Are High

By THÉRÈSE MARGOLIS When he spoke at the Group of 20 (G-20) internet summit on Sunday, Nov. 22, not only did Mexican President Andrés Manuel López Obrador call on members of the group to forgive Mexico and other underdeveloped nations their external debt, but he also demanded that international interest rates for these countries be the same as those for

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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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