Mexico Finance Minister Luis Videgaray is doubling down on his pledge to send Congress a 2017 budget with a primary surplus next month, saying the government needs to make good on its promise because its credibility is constantly being tested.
Speaking in his office in Mexico City’s 16th century National Palace on Thursday Aug. 18, Videgaray told Bloomberg the nation needs to restore fiscal balance after eight years of budget deficits since the 2008 global financial crisis.
Selloffs this year in Mexico’s currency have forced policy makers to respond with interest-rate increases and spending cuts to reassure investors about the nation’s economic management, protect it against inflation and prevent further market instability. Traders often use the peso, the most actively-traded currency in emerging markets, to hedge against other risks, which in turn makes the currency more vulnerable to price swings.
To read complete article click here.
more recommended stories
Chetumal, the youngest state capital in Mexico
o the south of the state.
Dolphin Discovery Isla Mujeres “partners” with UN in global event
As part of the environmental education.
Diver reported for damaging the ecosystem in Cozumel reef
Through social networks, a diving service.
New luxury and PR strategy for Grand Hyatt Playa del Carmen
Luxury strategy and public relations agency.
Tulum’s “Art With Me” Festival instantly becomes a world class event (FORBES.com)
Sunbathing on the beach in Tulum,.
Beautiful Costa Mujeres needs to be at the top of your travel bucket list
For many, a Mexican getaway consists.
Despite safety and security concerns, Cancun remains # 1 tourist destination in Latinamerica
Cancun maintained its position as the.
600 new police for Cancun, Playa del Carmen and Tulum Quintana Roo
According to riviera-maya-news.com, approximately 600 new.
Teen jogger who accidentally crossed U.S. border from Canada is detained for two weeks
A teenager out for a beachside.
Grand Finale of the 2018 Merida Initiative National Mock Trial Competition for Mexican Law Students
Mexico City, 21 June, 2018 –.