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.

Leave a Reply

Your email address will not be published. Required fields are marked *