IMF official: Mexico should use central bank windfall to tighten belt

Reuters – Mexico should use a windfall from its central bank to further tighten its belt this year as it suffers from a drop in revenue from lower oil prices, a senior official of the International Monetary Fund said. Earlier this month, the Finance Ministry received a transfer of 239 billion Mexican pesos ($13.6 billion) from the central bank from part of the gains made on dollar reserves in 2015 because of a sharp currency depreciation.

http://www.thefiscaltimes.com/latestnews/2016/04/27/Mexico-should-use-central-bank-windfall-trim-deficit-IMF-official

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