MEXICO: Still struggling with security amid Covid-19
The government yesterday, 11 May, published a decree authorizing the use of the armed forces in public law enforcement until 2024. Below we examine the significance of this move and its implications. The decree is in line with the 2019 constitutional reform that led to the cre… Become a member to read the rest […]
LATAM PULSE
This week, in Argentina, time to avoid a ninth sovereign default is running out. Partial economic re-opening plans should become clearer in Mexico, while further monetary stimulus is also in the offing. In Brazil, there will be further wrangling over payroll cuts for public emplo… Become a member to read the rest of this article
MEXICO: A difficult now and an even more complicated future
Earlier today, 7 May, President Andres Manuel Lopez Obrador (AMLO) once again ruled out a) issuing debt to fund a stimulus program and b) providing state aid for the corporate sector (beyond previously announced measures for MSMEs). His comments came in response to a manifesto en… Become a member to read the rest of […]
LATAM PULSE
This week, Argentina’s debt exchange offer formally closes with acceptance rates currently projected to be low. Brazil should see a “war budget” passed while noise surrounding President Jair Bolsonaro continues. Meanwhile, recent data underlines the fragility of Mexico’s economy … Become a member to read the rest of this article
LATAM PULSE
This week, the future of the Mercosur/Mercosul trade bloc faces renewed uncertainty. Venezuela’s regime is reversing the limited economic liberalization of recent months as an upcoming anniversary serves as a reminder of the regime’s reliance on the military. In Mexico, disrupted… Become a member to read the rest of this article
MEXICO: Discrepancy widens between monetary and fiscal stimulus
Developments this week highlight the divergence between the government led by President Andres Manuel Lopez Obrador (AMLO) and the Central Bank (Banxico). Without coordinated fiscal and monetary action, the worst-case scenarios for the economy are more likely to materialize; thes… Become a member to read the rest of this article
LATAM PULSE
From this week, Mexico’s state oil company Pemex is a “fallen angel” following the latest downgrade to its credit ratings. Also this week, Argentina’s creditors will be wanting to see flexibility ahead of debt talks, while domestically, the government weighs up how to relax lockd… Become a member to read the rest of this article
MEXICO: More distraction from AMLO
President Andres Manuel Lopez Obrador (AMLO) yesterday, 14 April, announced that he would be in favor of bringing forward a presidential recall referendum to 2021. Under current rules, the recall referendum would take place in March 2022 should a signature collection drive fulfil… Become a member to read the rest of this article
LATAM PULSE
This week, in Brazil, a “War Budget” could be readied even as President Jair Bolsonaro’s contrarian approach to Covid-19 continues. In Argentina, a debt restructuring offer could finally be unveiled. in Mexico, the government will continue to celebrate what could end up being a p… Become a member to read the rest of this article
MEXICO: AMLO probes political and economic reconfiguration opportunities
● President Andres Manuel Lopez Obrador (AMLO)’s wrong-headed economic assumptions and ideological blinkers continue to get in the way of his administration’s response to the economic fallout arising from the spread of Covid-19. ● The lack of any concerted fiscal stimulus prog… Become a member to read the rest of this article