Mexico's Luis Videgaray: The interview in full
In his first interview with the foreign or local print media after taking office in December, Mexico’s new finance minister Luis Videgaray says he is confident political consensus now exists to shake up state oil company Pemex and overhaul the country’s fiscal regime through a bold set of reforms to be carried out this year.
Mexico City, December 14, 2012
How would you characterize the Pact for Mexico? What is its
First and foremost it's an opportunity. It's a broad
political agreement to carry out some significant
changes in public policy, particularly in economic policy, to
make some changes that we all know need to be made on the
fiscal side, in energy and in competition, to name a few, that
are long overdue.
This is an important achievement, to have an
agreement. But the true achievement will be to make it happen.
So therefore, the Pact is an opportunity. We want to seize that
One of the key elements of the Pact is calling for
a broadening of social welfare. Is it fair to say that the Pact
is essentially calling for the creation of a welfare state in
The Pact is based on the belief that we need...
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