Mexico: Selected Issues

Mexico: Selected Issues

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This Selected Issues paper analyzes reforms to Mexicoa€™s fiscal framework. Mexicoa€™s resilient economic performance would be consolidated by increasing fiscal policy buffers and preparing for challenges associated with long-term budget pressures. In the short term, reducing public debt levels can create space to implement countercyclical fiscal policies and reduce exposure to high financing and hedging costs, which would protect Mexicoa€™s credit rating at times of distress. The paper highlights that recent fiscal reform is designed with these policy objectives in mind, to build on the strengths of the previous fiscal framework.Chapter III in World Economic Outlook, September (Washington, International Monetary Fund) Jaramillo, L., 2010, a€œDeterminants of Investment Grade Status in Emerging Markets, a€ IMF Working Paper No. 10/117 (Washington: Internationalanbsp;...

Title:Mexico: Selected Issues
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher:International Monetary Fund - 2013-11-26

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