Mexico Funding Needs Lower in 2013

Mexico Funding Needs Lower in 2013

Mexico Bonds

Mexico’s gross financing needs of MXP1.28bn ($102bn), which represent 7.7% of GDP, are down from last year’s 8.1% of GDP, according to the finance ministry’s annual borrowing plan. The MXP416m in net indebtedness needs represent 2.5% of GDP, compared to 2012’s 2.7%. Most of the needs will be satisfied in the domestic market. In terms of external financing, ministry officials have indicated a $7bn ceiling for 2013, and will consider sources including dollars, yen and euros. In Mexico, the governm

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